Ten-Bagger Number One

Today, I'm starting a new series of milestone articles, similar to my series of articles on DivGro's Home Runs.  

Articles in this series will be exceptionally rare! 

In fact, I would be surprised to write more than three of these articles in the next decade! 

The reason is that achieving a Ten-Bagger is exceptionally rare in Dividend Growth Investing. A Ten Bagger is a stock with total returns of at least ten times the original investment (or a 1,000% return on investment).

Amphenol Dividend Increase

On 23 July, Amphenol (APH) increased its quarterly dividend by 50%, from 11¢ to 16.5¢ per share.

The dividend will be paid on 9 October to shareholders of record on 17 September. The ex-dividend date is 17 September.

APH's contribution to DivGro's projected annual dividend income will increase by $88 to $264.

Cintas Dividend Increase

On 23 July, Cintas (CTAS) increased its quarterly dividend by 15.6%, from $1.35 to $1.56 per share.

The dividend will be paid on 3 September to shareholders of record on 15 August. The ex-dividend date is 15 August.

CTAS's contribution to DivGro's projected annual dividend income will increase by $33.60 to $249.60.

Union Pacific Dividend Increase

On 17 July, Union Pacific (UNP) increased its quarterly dividend by 3.08%, from $1.30 to $1.34 per share.

The dividend will be paid on 30 September to shareholders of record on 30 August. The ex-dividend date is 30 August.

UNP's contribution to DivGro's projected annual dividend income will increase by $16 to $536.

NNN REIT Dividend Increase

On 15 July, NNN REIT (NNN) increased its quarterly dividend by 2.65%, from 56.5¢ to 58¢ per share.

The dividend will be paid on 15 August to shareholders of record on 31 July. The ex-dividend date is 31 July.

NNN's contribution to DivGro's projected annual dividend income will increase by $15 to $580.

July 2024 Newsletter

Welcome to the JULY edition of my DivGro 2.0 newsletter!

The July Newsletter provides a quick market recap and overview of my DivGro portfolio (as of 30 June 2024).

I opened two new positions in June and added shares to eight existing positions. Additionally, I closed two positions and reduced my holdings in ten positions.

I'm continuing to align DivGro more closely to its desired target weights. 

Home Run Number 51

I'm celebrating a wonderful milestone today! DivGro just delivered my 51^st Home Run stock, doubling my original investment in total returns!

If you invest in high-quality dividend growth stocks, then there's rarely a reason to sell your stocks. And if you hold dividend growth stocks long enough, eventually, they'll double your original investment in total returns and become Home Run stocks!

Dividend growth investing is the ultimate Get Rich Slow Scheme. It's boring but beautiful and a perfect example of Slow and Steady wins the Race!

The Highest Quality Dividend Growth Stocks In 2024

In this June 2020 article, David Van Knapp screened the so-called CCC list of Dividend Champions, Contenders, and Challengers for stocks that placed in the top two scoring categories of each quality indicator in his Quality Snapshots system. He called stocks that passed these stringent screens the highest-quality dividend growth stocks.

In this article, I revisit the idea of finding the highest-quality dividend growth stocks. My universe of dividend growth stocks is Dividend Radar, and I use a variation of Quality Snapshots for screening. 

The article updates one I wrote in August 2022. While the scoring system and universe of DG stocks are different, comparing the 2022 and 2024 results is quite informative.