Lowe's Dividend Increase

On 30 May, Lowe's (LOW) increased its dividend by 4.35%, from $1.15 to $1.20¢ per share.

The dividend is payable on 6 August to shareholders of record on 23 July. 

LOW's forward yield is 2.13% at $225.73 per share.

Northrop Grumman Dividend Increase

On 20 May, Northrop Grumman (NOC) increased its dividend by 12.16%, from $2.06 to $2.31 per share.

The dividend is payable on 18 June to shareholders of record on 2 June. 

NOC's forward yield is 1.96% at $471.46 per share.

May 2025 Newsletter

Welcome to the MAY edition of my DivGro 2.0 newsletter!

April was a tumultuous month, instigated by the Trump Administration's so-called Liberation Day tariff announcement on 2 April. President Trump slapped reciprocal tariffs on 185 countries, with the new levies ranging from a 10% baseline tariff to additional duties for nations considered to be the "worst offenders."

The announcement caused widespread panic selling and a significant increase in market volatility. Some estimates place the global stock market loss at $8.56 trillion between 2-8 April. 

RLI Dividend Increase

On 13 May, RLI (RLI) increased its dividend by 6.67%, from 15¢ to 16¢ per share.

The dividend is payable on 20 June to shareholders of record on 30 May. 

RLI's forward yield is 0.85% at $75.69 per share.

Home Run Number 55

I'm happy to announce that DivGro just delivered its 55^th Home Run! When a stock in my portfolio doubles my original investment in total return, I assign it Home Run status. 

As a dividend growth investor, I invest in high-quality dividend growth stocks with long histories of increasing annual dividend payouts. 

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 return and become Home Run stocks!

10 Undervalued Dividend Growth Stocks: May 2025

This monthly article series identifies 10 Undervalued Dividend Growth Stocks for further research and possible investment.

I present the top-ranked candidates based on quality scores. These high-quality, undervalued dividend growth stocks are candidates for your dividend growth portfolio.

As always, I recommend doing your own analysis before investing in these stocks.

This month, I'm presenting the top ten undervalued dividend growth stocks with projected dividend growth rates of at least 10%.

KLA Dividend Increase

On 8 May, KLA (KLAC) increased its dividend by 11.76%, from $1.70 to $1.90 per share.

The dividend is payable on 3 June to shareholders of record on 19 May. 

KLAC's forward yield is 1.08% at $701.20 per share.

Main Street Capital Dividend Increase

On 6 May, Main Street Capital (MAIN) increased its dividend by 2%, from 25¢ to 25.5¢ per share.

The dividend is payable on 15 July to shareholders of record on 8 July. 

MAIN's forward yield is 5.78% at $52.95 per share.

RTX Dividend Increase

On 2 May, RTX (RTX) increased its dividend by 7.94%, from 63¢ to 68¢ per share.

The dividend is payable on 12 June to shareholders of record on 23 May. 

RTX's forward yield is 2.52% at $129.19 per share.

Apple Dividend Increase

On 1 May, Apple (AAPL) increased its dividend by 4%, from 25¢ to 26¢ per share.

The dividend is payable on 15 May to shareholders of record on 12 May. 

AAPL's forward yield is 1.04% at $198.88 per share.

Comfort Systems Dividend Increase

On 24 April, Comfort Systems (FIX) increased its dividend by 12.5%, from 40¢ to 45¢ per share.

The dividend is payable on 27 May to shareholders of record on 16 May. 

FIX's forward yield is 0.45% at $397.43 per share.

Ameriprise Financial Dividend Increase

On 24 April, Ameriprise Financial (AMP) increased its dividend by 8.11%, from $1.48 to $1.60¢ per share.

The dividend is payable on 19 May to shareholders of record on 5 May. 

AMP's forward yield is 1.37% at $465.94 per share.

Costco Wholesale Dividend Increase

On 16 April, Costco Wholesale (COST) increased its dividend by 12.1%, from $1.16 to $1.30¢ per share.

The dividend is payable on 16 May to shareholders of record on 2 May. 

COST's forward yield is 0.53% at $977.16 per share.

Travelers Dividend Increase

On 15 April, Travelers (TRV) increased its dividend by 4.76%, from $1.05 to $1.10¢ per share.

The dividend is payable on 30 June to shareholders of record on 10 June. 

TRV's forward yield is 1.70% at $259.16 per share.

Johnson & Johnson Dividend Increase

On 15 April, Johnson & Johnson (JNJ) increased its dividend by 4.84%, from $1.24 to $1.30 per share.

The dividend is payable on 10 June to shareholders of record on 27 May. 

JNJ's forward yield is 3.36% at $154.58 per share.

Procter & Gamble Dividend Increase

On 8 April, Procter & Gamble (PG) increased its dividend by 5%, from $1.0065 to $1.0568¢ per share.

The dividend is payable on 15 May to shareholders of record on 21 April. 

PG's forward yield is 2.63% at $161.02 per share.

April 2025 Newsletter

Welcome to the APRIL edition of my DivGro 2.0 newsletter!

April has been a tumultuous month, kicked off by the Trump Administration's "liberation day" tariff announcements. The ensuing market reaction was furious, with stock indices falling by more than ten percent and wiping out over $6 trillion in market capitalization in just two days.

I'll write more about the impact of April's market chaos on my portfolio in next month's newsletter. In this edition, I'll focus on the actions I took in March to prepare for converting our IRAs to Roth IRAs later this year.

Qualcomm Dividend Increase

On 18 March, Qualcomm (QCOM) increased its dividend by 4.71%, from 85¢ to 89¢ per share.

This dividend increase will be effective for quarterly dividends payable after March 27, 2025

QCOM's forward yield is 2,33% at $152.72 per share.

The Highest-Quality Dividend Champions By Quality Scores

This article presents the highest-quality Dividend Champions, which are companies listed on U.S. exchanges that have consistently higher annual dividend payouts for at least 25 years. Subsequent articles will present the highest-quality Dividend Contenders (10-24 years) and Challengers (5-9 years).

There are 137 Dividend Champions in Portfolio Insight's Dividend Radar spreadsheet, and researching all of them would be a daunting task. Instead, I use a quality scoring system to assess the quality of dividend growth [DG] stocks and focus my research efforts on the highest-quality DG stocks. The system considers six quality indicators, each worth five points, for a maximum score of 30. The highest-quality Dividend Champions score four or five points for each quality indicator.

10 Undervalued Dividend Growth Stocks: March 2025

This monthly article series identifies 10 Undervalued Dividend Growth Stocks for further research and possible investment.

I present the top-ranked candidates based on quality scores. These high-quality, undervalued dividend growth stocks are candidates for your dividend growth portfolio.

As always, I recommend doing your own analysis before investing in these stocks.

This month, I'm presenting the ten top-ranked undervalued dividend growth stocks yielding at least 4%.

March 2025 Newsletter

Welcome to the MARCH edition of my DivGro 2.0 newsletter!

As usual, I provide a quick market recap and an overview of my DivGro portfolio (as of 28 February 2025).

In February, I opened eleven new positions and closed twelve existing positions, so DivGro now contains 89 positions. Of these, 71 are dividend growth [DG] stocks, seven are closed-end funds, and two are dividend-paying stocks. By convention, only stocks with five-year or longer dividend increase streaks are considered DG stocks.

Oracle Dividend Increase

On 10 March, Oracle (ORCL) increased its dividend by 25%, from 40¢ to 50¢ per share.

 
The dividend is payable on 23 April to shareholders of record on 10 April. 

ORCL's forward yield is 1.39% at $143.70 per share.

Applied Materials Dividend Increase

On 10 March, Applied Materials (AMAT) increased its dividend by 15%, from 40¢ to 46¢ per share.

 
The dividend is payable on 12 June to shareholders of record on 22 May. 

AMAT's forward yield is 1.25% at $146.79 per share.

General Dynamics Increase

On 5 March, General Dynamics (GD) increased its dividend by 5.63%, from $1.42 to $1.50 per share.

 
The dividend is payable on 9 May to shareholders of record on 11 April. 

GD's contribution to DivGro's projected annual dividend income will increase by $20.80 to $390.

The Dividend Aristocrats Ranked By Quality Scores: March 2025

The S&P 500 Dividend Aristocrats Index contains 69 dividend growth stocks, which are called the Dividend Aristocrats. With a few exceptions, the Dividend Aristocrats are S&P 500 companies that have paid higher dividends every year for 25 or more years. 

In this article, I rank the Dividend Aristocrats by quality scores, categorizing them into undervalued and overvalued stocks.

I consider stocks undervalued if they pass two valuation screens.