Published Tue, 29 May 2018 15:12:32 -0400 on Seeking Alpha
Those of you who follow this series of articles know that I track the dividend increases of a variety of long-term dividend growth companies. Back at the end of April, I provided predictions for 13 dividend growth companies that have historically announced annual payout increases in May.
I'll point out two dividend increases that I missed in my predictions: West Pharmaceuticals (WST) announced a 7.1% increase to an annualized rate of 60 cents. The stock has a forward yield of 0.66%. And restaurant company Cracker Barrel (CBRL) announced a 4.2% dividend increase, for a new annual rate of $4.80. The company's new forward yield is 3.00%. The company also announced a special dividend in the third quarter for the 4th straight year; at $3.75, this year's special dividend from Cracker Barrel is larger than all the others.
Let's take a look at how well I did with my predictions from May before we go to my predictions for June (you can see the article with the original predictions here):
Artesian Resources Corporation (ARTNA)
Prediction: 1.0 - 3.1% increase to $0.95 - $0.97
Actual: 1.5% increase to $0.9548
Forward yield: 2.47%
Despite being accurate in my prediction, I had really hoped that Artesian's 7% EPS growth would motivate the water utility to announce a semi-annual dividend increase closer to 3%. Unfortunately, the company stuck with its traditional annual growth rate in its 22nd year of dividend growth.
Bunge Limited (BG)
... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|CRACKER BARREL OLD COUNTRY STORE||169.12||18.7||9.06||5.00||3.02|
|NATIONAL FUEL GAS||56.84||16.8||3.39||1.70||2.97|
|JOHN WILEY & SONS||63.90||22.5||2.82||1.28||2.02|
|CONNECTICUT WATER SERVICE||70.05||42.0||1.67||1.31||1.79|
|MINE SAFETY APPLIANCES||104.62||35.6||2.94||1.68||1.45|
|FACTSET RESEARCH SYSTEMS||276.81||34.4||8.04||2.88||0.92|
|CASEYS GENERAL STORES||133.67||25.0||5.34||1.16||0.88|
|WEST PHARMACEUTICAL SERVICES||117.44||40.5||2.90||0.60||0.52|
Older articles featuring Cardinal Health (CAH):Dividend Increases: May 6-10, 2019 (Part 3: Remaining Sectors)
Dividend Champion And Contender Highlights: Week Of May 12
A Brief History Of Dividend Aristocrat Crashes
Dividend Update - April 2019
The Retirees' Dividend Portfolio - John And Jane's April Taxable Account Update: Tariff Wars Create Some Interesting...
Expected Dividend Increases In May 2019
Dividend Income Update April 2019
5%+ Dividend Yield Portfolio: The Number Of Stocks To Own (Apr 2019 Review)
Dogs Of The S&P 500 Dividend Aristocrats For May
The Retirees' Dividend Portfolio - John And Jane's March Taxable Account Update - Tax Season