June 2024 Newsletter

Welcome to the JUNE edition of my DivGro 2.0 newsletter!

The June Newsletter provides a quick market recap, an overview of my DivGro portfolio (as of 31 May 2024), and four new top-10 lists of Dividend Radar stocks.! Also, check out some photos from our South African trip.

In May, I opened one new position, increasing the number of positions in DivGro to 76. Of these, 69 are dividend growth [DG] stocks, three are dividend-paying stocks, and four are closed-end funds. By convention, I label stocks with dividend increase streaks of five or more years DG stocks.

JPMorgan Chase Dividend Increase

On 28 June, JPMorgan Chase (JPM) announced plans to increase its quarterly dividend by 8.7%, from $1.15 to $1.25 per share.

The new dividend will be paid in the third quarter of 2024, pending board approval. 

JPM's contribution to DivGro's projected annual dividend income will increase by $30 to $375.

Realty Income Dividend Increase

On 11 June, Realty Income (O) increased its monthly dividend by 0.19%, from 26.25¢ to 26.30¢ per share.

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

O's contribution to DivGro's projected annual dividend income will increase by $1.50 to $789.00.

UnitedHealth Dividend Increase

On 7 June, UnitedHealth (UNH) increased its quarterly dividend by 11.7%, from $1.88 to $2.10 per share.

The dividend will be paid on 25 June to shareholders of record on 17 June. The ex-dividend date is 17 June.

UNH's contribution to DivGro's projected annual dividend income will increase by $44 to $420.

Lowe's Dividend Increase

On 31 May, Lowe's (LOW) increased its quarterly dividend by 4.55%, from $1.10 to $1.15 per share.

The dividend will be paid on 7 August to shareholders of record on 24 July. The ex-dividend date is 24 July.

LOW's contribution to DivGro's projected annual dividend income will increase by $20 to $460.

Reality Income Dividend Increase

On 20 May, Realty Income (O) increased its monthly dividend by 2.14%, from 25.70¢ to 26.25¢ per share.

The dividend will be paid on 14 June to shareholders of record on 3 June. The ex-dividend date is 3 June.

O's contribution to DivGro's projected annual dividend income will increase by $30.40 to $329.60.