Brown & Brown Dividend Increase

On 23 October, Brown & Brown (BRO) increased its quarterly dividend by 15.38%, from 13¢ to 15¢ per share.

The dividend will be paid on 13 November to shareholders of record on 6 November. The ex-dividend date is 6 November.

BRO's contribution to DivGro's projected annual dividend income will increase by $22.40 to $168.00.

October 2024 Newsletter

Welcome to the OCTOBER edition of my DivGro 2.0 newsletter!

I apologize for being late with this edition. Work is getting busy, and we have several looming deadlines. The first is to finish a trailer for our 2025 film, Elio.

In this month's edition, I provide a quick market recap and an overview of my DivGro portfolio (as of 30 September 2024). Check back next month for new top-10 lists.

Starbucks Dividend Increase

On 23 October, Starbucks (SBUX) increased its quarterly dividend by 7.02%, from 57¢ to 61¢ per share.

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

SBUX's contribution to DivGro's projected annual dividend income will increase by $27.20 to $414.80.

Rollins Dividend Increase

On 22 October, Rollins (ROL) increased its quarterly dividend by 10%, from 15¢ to 16.5¢ per share.

The dividend will be paid on 10 December to shareholders of record on 12 November. The ex-dividend date is 12 November.

ROL's contribution to DivGro's projected annual dividend income will increase by $18 to $198.

Home Run Number 53

Recently, DivGro delivered my 53^rd Home Run stock. When a stock in my portfolio doubles my original investment in total returns, I assign it Home Run status. 

I invest in high-quality dividend growth stocks. Unless the underlying fundamentals change, there's rarely a reason to sell these stocks. And if I hold them long enough, they'll eventually double my original investment in total returns and become Home Run stocks!

Undervalued Dividend Kings: October 2024

Dividend Kings are exceptional dividend companies that have increased their annual dividend payouts for 50 or more consecutive years. This achievement is remarkable because these companies have delivered ever-increasing dividends to investors through economic recessions, market crashes, technological revolutions, and changes in consumer tastes!

In this article, I rank the Dividend Kings by quality score and present undervalued stocks for further research and possible investment. 

To determine if stocks are undervalued, I use these valuation screens:

Lockheed Martin Dividend Increase

On 3 October, Lockheed Martin (LMT) increased its quarterly dividend by 4.76%, from $3.15 to $3.30 per share.

The dividend will be paid on 27 December to shareholders of record on 2 December. The ex-dividend date is 2 December.

LMT's contribution to DivGro's projected annual dividend income will increase by $24 to $528.