JPMorgan Chase Dividend Increase

JPMorgan Chase (JPM) increased its quarterly dividend by 9.52%, from $1.05 to $1.15 per share.

The dividend will be paid on 30 April to shareholders of record on 5 April. The ex-dividend date is 4 April.

JPM's contribution to DivGro's projected annual dividend income will increase by $40 to $460.

March 2024 Newsletter

Welcome to the March edition of my DivGro 2.0 newsletter!

The edition comes in two parts, as I have many more transactions to cover than I normally do. Part 1 covers the February market recap and an overview of my DivGro portfolio, including February's sell transactions. Part 2 covers my February buy transactions and presents this month's top-10 lists of Dividend Radar stocks.

I made a strategic adjustment to my portfolio in February, which required many more trades to execute than I normally do in a month. I increased my investments in stocks with higher dividend growth rates and lower dividend yields.

Realty Income Dividend Increase

Realty Income (O) increased its monthly dividend by 0.19%, from 25.65¢ to 25.7¢ per share.

The dividend will be paid on 15 April to shareholders of record on 1 April. The ex-dividend date is 29 March.

O's contribution to DivGro's projected annual dividend income will increase by $3 to $1,542.

GD Dividend Increase

General Dynamics (GD) increased its quarterly dividend by 7.58%, from $1.32 to $1.42 per share.

The dividend will be paid on 10 May to shareholders of record on 12 April. The ex-dividend date is 11 April.

GD's contribution to DivGro's projected annual dividend income will increase by $40 to $568.

QCOM Dividend Increase

Qualcomm (QCOM) increased its quarterly dividend by 6.25%, from 80¢ to 85¢ per share.

The dividend increase will be effective for quarterly dividends payable after March 21, 2024.

QCOM's contribution to DivGro's projected annual dividend income will increase by $20 to $340.

Why Invest in Low Dividend Yield Stocks?

As a Dividend Growth Investor, I almost exclusively invest in dividend growth stocks with dividend increase streaks of five years or more. Dividend Radar is a free, weekly auto-generated spreadsheet of such stocks.

I believe in a healthy mix of higher-yielding (HiY) stocks and stocks with higher dividend growth rates (HiG stocks) as measured by the 5-year dividend compound annual growth rate, or 5-year DGR for short.

In the past few years, my DivGro portfolio's balance of HiY and HiG positions has shifted towards HiY stocks. To restore a healthier mix of HiY and HiG stocks, I recently closed several HiY positions and increased my investments in HiG stocks with lower yields. As a result, my annual dividend income decreased significantly, but I believe my total return prospects have vastly improved.

SRE Dividend Increase

Sempra (SRE) increased its quarterly dividend by 4.20%, from 59.5¢ to 62¢ per share.

The dividend will be paid on 15 April to shareholders of record on 21 March. The ex-dividend date is 20 March.

SRE's contribution to DivGro's projected annual dividend income will increase by $30 to $744.