HD Dividend Increase

Home Depot (HD) increased its quarterly dividend by 7.66%, from $2.09 to $2.25 per share.

The dividend will be paid on 21 March to shareholders of record on 7 March. The ex-dividend date is 6 March.

HD's contribution to DivGro's projected annual dividend income will increase by $64 to $900.

I own 100 shares of HD at an average cost basis of $224.26 per share. Following this increase, my yield on cost is 4.01%. (HD's forward yield is 2.42% at $371.96 per share). 

HD became DivGro's 40^th Home Run stock in November 2021, when the stock doubled my original capital outlay.

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10 Dividend Growth Stocks: February 2024

After taking a break in January, I'm back with another edition of my monthly series, 10 Dividend Growth Stocks! 

In this series, I rank a selection of Dividend Radar stocks and present the 10 top-ranked stocks for further research and possible investment. 

This month, I'm presenting candidates with high earnings, revenue, and dividend growth rates trading at favorable valuations.

Additionally, the stocks all have 5-year trailing total returns above 10%. 

NEE Dividend Increase

NextEra Energy (NEE) increased its quarterly dividend by 10.16%, from 46.75¢ to 51.5¢ per share.

The dividend will be paid on 15 March to shareholders of record on 27 February. The ex-dividend date is 26 February.

NEE's contribution to DivGro's projected annual dividend income will increase by $76 to $824.

I own 400 shares of NEE at an average cost basis of $59.57 per share. Following this increase, my yield on cost is 3.46%. (NEE's forward yield is 3.61% at $57.03 per share). 

NEE became DivGro's 28^th Home Run stock in January 2021, when the stock doubled my original capital outlay.

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KO Dividend Increase

Coca-Cola (KO) increased its quarterly dividend by 5.43%, from 46¢ to 48.5¢ per share.

The dividend will be paid on 1 April to shareholders of record on 15 March. The ex-dividend date is 14 March.

KO's contribution to DivGro's projected annual dividend income will increase by $20 to $388.

I own 200 shares of KO at an average cost basis of $41.28 per share. Following this increase, my yield on cost is 4.70%. (KO's forward yield is 3.27% at $59.39 per share). 

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CSCO Dividend Increase

Cisco Systems (CSCO) increased its quarterly dividend by 2.56%, from 39¢ to 40¢ per share.

The dividend will be paid on 24 April to shareholders of record on 4 April. The ex-dividend date is 3 April.

CSCO's contribution to DivGro's projected annual dividend income will increase by $12 to $480.

I own 300 shares of CSCO at an average cost basis of $41.45 per share. Following this increase, my yield on cost is 3.86%. (CSCO's forward yield is 3.30% at $48.44 per share). 

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PEG Dividend Increase

Public Service Enterprise (PEG) increased its quarterly dividend by 5.26%, from 57¢ to 60¢ per share.

The dividend will be paid on 29 March to shareholders of record on 8 March 8. The ex-dividend date is 7 March.

PEG's contribution to DivGro's projected annual dividend income will increase by $36 to $720.

I own 300 shares of PEG at an average cost basis of $59.80 per share. Following this increase, my yield on cost is 4.01%. (PEG's forward yield is 4.01% at $59.79 per share). 

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February 2024 Newsletter

Welcome to the February edition of my DivGro 2.0 newsletter!

This edition includes a quick market recap and a review of my DivGro portfolio as of 31 January 2024. 

In January, I opened three new positions and added shares to two existing positions. Additionally, I closed one position and reduced my holdings in four positions. Eight DivGro stocks announced dividend increases in January. The net result of these changes is that DivGro's projected annual dividend income [PADI] increased by about 4.0% in January. Year over year, PADI increased by 8.8%.

PEP Dividend Increase

PepsiCo (PEP) increased its quarterly dividend by 7.11%, from $1.265 to $1.355 per share.

The increased dividend is payable with the dividend expected to be paid in June 2024.

PEP's contribution to DivGro's projected annual dividend income will increase by $36 to $542.

I own 100 shares of PEP at an average cost basis of $149.83 per share. Following this increase, my yield on cost is 3.62%. (PEP's forward yield is 3.23% at $167.67 per share). 

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ICE Dividend Increase

Intercontinental Exchange (ICE) increased its quarterly dividend by 7.14%, from 42¢ to $45¢ per share.

The dividend is payable on 29 March to shareholders of record on 15 March. The ex-dividend date is 14 March.

ICE's contribution to DivGro's projected annual dividend income will increase by $12 to $180.

I own 100 shares of ICE at an average cost basis of $93.61 per share. Following this increase, my yield on cost is 1.92%. (ICE's forward yield is 1.33% at $135.49 per share). 

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TSCO Dividend Increase

Tractor Supply (TSCO) increased its quarterly dividend by 6.80%, from $1.03 to $1.10 per share.

The dividend is payable on 12 March to shareholders of record on 26 February. The ex-dividend date is 23 February.

TSCO's contribution to DivGro's projected annual dividend income will increase by $21.00 to $330.00.

I own 75 shares of TSCO at an average cost basis of $206.08 per share. Following this increase, my yield on cost is 2.14%. (TSCO's forward yield is 1.87% at $235.08 per share). 

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CVX Dividend Increase

Chevron ($CVX) increased its quarterly dividend by 7.95%, from $1.51 to $1.63 per share.

The dividend is payable on 11 March to shareholders of record on 16 February. The ex-dividend date is 15 February.

CVX's contribution to DivGro's projected annual dividend income will increase by $72 to $978.

I own 150 shares of CVX at an average cost basis of $93.67 per share. Following this increase, my yield on cost is 6.96%. (CVX's forward yield is 4.29% at $151.96 per share). 

CVX became DivGro's 44^th Home Run stock in June 2022, when the stock doubled my original capital outlay.

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TROW Dividend Increase

T. Rowe Price ($TROW) increased its quarterly dividend by 1.64%, from $1.22 to $1.24 per share.

The dividend is payable on 28 March to shareholders of record on 15 March. The ex-dividend date is 14 March.

TROW's contribution to DivGro's projected annual dividend income will increase by $12.00 to $744.00.

I own 150 shares of TROW at an average cost basis of $88.49 per share. Following this increase, my yield on cost is 5.61%. (TROW's forward yield is 4.52% at $109.70 per share). 

TROW became DivGro's 30^th Home Run stock in January 2021, when the stock doubled my original capital outlay.

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