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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BKH Dividend Increase

Black Hills ($BKH) increased its quarterly dividend by 4.00%, from 62.5¢ to 65¢ per share.

DivGro's projected annual dividend income will increase by $20.00 to $260.00.

The dividend is payable on 1 March to shareholders of record on 16 February. The ex-dividend date is 15 February.

I own 100 shares of BKH at an average cost basis of $55.00 per share. Following this increase, my yield on cost is 4.73%. (BKH's forward yield is 5.04% at $51.55 per share). 

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Home Run Number 50

This week was special for my DivGro portfolio. I just celebrated DivGro's 49^th Home Run, and I'm back to announce my 50^th Home Run!

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!

Time in the Market is an admirable goal. In contrast, Timing the Market is a fool's errand. It's impossible to accurately pinpoint a market high or low point, so those who attempt it run the risk of missing periods of exceptional returns. The dividend growth investor reaps the benefits of a strong bull market and a regular income stream even when the bears take over!

Home Run Number 49

I celebrated DivGro's 48^th Home Run on 1 December 2023, and today I'm back to celebrate DivGro's 49^th Home Run!

I label any stock in my DivGro portfolio a Home Runs stock if it doubles my original investment in total returns. 

I've been tracking DivGro's Home Runs since 30 October 2014, when General Dynamics (GD) became my first Home Run stock. 

I celebrate home runs in milestone articles to show how lucrative dividend growth investing can be. Home runs are perfect examples of Slow and Steady winning the Race and demonstrate why I prefer Time in the Market over Timing the Market.

ADM Dividend Increase

Archer-Daniels-Midland ($ADM) announced its next dividend of 50¢ per share, an 11.11% increase over its previous payout of 45¢.

DivGro's projected annual dividend income will increase by $20.00 to $200.00.

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

I own 100 shares of ADM at an average cost basis of $39.90 per share. Following this increase, my yield on cost is 5.01%. (ADM's forward yield is 3.84% at $52.05 per share). 

ADM became DivGro's 43^rd Home Run stock in March 2022, when the stock doubled my original capital outlay.

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CMCSA Dividend Increase

Comcast ($CMCSA) announced its next dividend of 31¢ per share, a 6.90% increase over its previous payout of $29¢.

DivGro's projected annual dividend income will increase by $40.00 to $620.00.

The dividend will be paid on 24 April to shareholders of record on 3 April. The ex-dividend date is 2 April. 

I own 500 shares of CMCSA at an average cost basis of $37.76 per share. Following this increase, my yield on cost is 3.28%. (CMCSA's forward yield is 2.68% at $46.26 per share). 

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APD Dividend Increase

Air Products and Chemicals ($APD) announced its next dividend of $1.77 per share, a 1.14% increase over its previous payout of $1.75.

DivGro's projected annual dividend income will increase by $8.00 to $708.00.

The dividend will be paid on 13 May to shareholders of record on 1 April. The ex-dividend date is 28 March. 

I own 100 shares of APD at an average cost basis of $253.77 per share. Following this increase, my yield on cost is 2.79%. (APD's forward yield is 2.70% at $261.90 per share). 

APD became DivGro's 25^th Home Run stock in November 2020, when the stock doubled my original capital outlay.

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ELV Dividend Increase

Elevance Health ($ELV) announced its next dividend of $1.63 per share, a 10.14% increase over its previous payout of $1.48.

DivGro's projected annual dividend income will increase by $6.00 to $65.20.

The dividend will be paid on 22 March to shareholders of record on 8 March. The ex-dividend date is 7 March.

I own only 10 shares of ELV at an average cost basis of $288.09 per share. Following this increase, my yield on cost is 2.26%. (ELV's forward yield is 1.35% at $482.55 per share). 

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CNI Dividend Increase

Canadian National Railway ($CNI) announced its next dividend of C$0.845 per share, a 6.96% increase over the company's previous payout of C$0.790.

As a result, DivGro's annual dividend income will increase by approximately $26.05 (after accounting for the exchange rate). 

The dividend is payable on 28 March to shareholders of record at the close of business on 7 March. The ex-dividend date is 6 March.

As with all foreign currency dividends, I'll update DivGro's projected annual dividend income [PADI] when the dividend is paid in March. 

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LNT Dividend Increase

Alliant ($LNT) announced its next dividend of 48¢ per share, a 6.08% increase over its previous payout of 45.25¢.

DivGro's projected annual dividend income will increase by $11.00 to $192.00.

The dividend will be paid on 15 February to shareholders of record on 31 January. The ex-dividend date is 30 January.

I own 100 shares of LNT at an average cost basis of $54.43 per share. Following this increase, my yield on cost is 3.53%. (LNT's forward yield is 3.81% at $50.40 per share). 

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January 2024 Newsletter

Welcome to the January edition of my DivGro 2.0 newsletter!

In these monthly newsletters, I do a quick market recap before reviewing my DivGro portfolio, in this case through 31 December 2023. I also present four top-10 lists of Dividend Radar stocks. 

In December, I closed four positions for purposes of tax-loss harvesting. To make up for the loss of dividends following those closing transactions, I added shares to four existing positions. Additionally, eleven DivGro stocks announced dividend increases in December. The net result of these changes is that DivGro's projected annual dividend income (PADI) increased by about 0.4% to $48,540. Year over year, PADI increased by about 5.8%.

BLK Dividend Increase

Black Hills ($BLK) announced its next dividend of $5.10 per share, a 2.00% increase over its previous payout of $5.00.

DivGro's projected annual dividend income will increase by $14.00 to $714.00.

The dividend will be paid on 22 March to shareholders of record on 7 March. The ex-dividend date is 6 March.

I own 35 shares of BLK at an average cost basis of $395.64 per share. Following this increase, my yield on cost is 5.16%. (BLK's forward yield is 2.55% at $799.60 per share). 

BLK became DivGro's 29^th Home Run stock in January 2021, when the stock doubled my original capital outlay.

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Closing Options Early

In my previous article on Options, I explained how I sell options to generate extra income.

Similar to how my DivGro portfolio generates dividend income, I use my portfolio as leverage to sell options and generate options income. I reinvest both income streams, buying more dividend growth stocks and boosting DivGro’s dividend income stream. 

Since June 2016, I've collected and reinvested more than $100,000 in options income.

10 Dividend Growth Stocks: December 2023

Welcome to the last edition of my monthly series of 10 Dividend Growth Stocks for 2023. 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 screened for stocks that pass stringent criteria for adding new stocks to my portfolio. I rank candidates by quality score and present the ten top-ranked stocks for further research and possible investment. 

These stocks are great candidates for your New Year shopping list!

29 Undervalued Dividend Aristocrats: December 2023

The S&P 500 Dividend Aristocrats Index contains 67 dividend growth stocks called the Dividend Aristocrats. With a few exceptions, the Dividend Aristocrats are S&P 500 companies with higher dividend payouts every year for 25 or more years. 

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

I consider stocks undervalued if they pass three valuation screens.

WEC Dividend Increase

WEC ($WEC) announced its next dividend of $0.835 per share, a 7.1% increase over the company's previous payout of $0.78.

DivGro's projected annual dividend income will increase by $44.00 to $668.00.

The dividend will be paid on Mar. 1 to shareholders of record on Feb. 14. The ex-dividend date is Feb. 13. 

I own 200 shares of WEC at an average cost basis of $97.97 per share. Following this increase, my yield on cost is 3.41%. (WEC's forward yield is 4.05% at $82.42 per share). 

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COST Special Dividend

On Thursday, Dec. 14, Costco ($COST) announced a special dividend of $15.00 per share. The dividend will be paid on Jan. 12 to shareholders of record on Dec. 28 (ex-dividend date: Dec. 27).

I own 25 shares of COST at an average cost basis of $431.78 per share, so $375.00 will be added to my DivGro portfolio from this special dividend.