Dividend-News

Daily dividend news for investors in dividend stocks


FedEx Expected To Lead 9 Companies In June With 20%+ Dividend Increase

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
LEGGETT PLATT 39.29   18.4 2.14 1.60 4.10
CARDINAL HEALTH 46.79   467.9 0.10 1.92 4.04
WEYCO GROUP 23.08   11.1 2.08 0.96 3.88
GENERAL MILLS 52.86   18.2 2.90 1.96 3.67
BUNGE 55.84   27.5 2.03 2.00 3.52
NATIONAL FUEL GAS 51.62   15.2 3.39 1.74 3.27
FLOWERS FOODS 23.41   28.9 0.81 0.76 3.26
TARGET 88.31   15.5 5.71 2.64 2.92
CRACKER BARREL OLD COUNTRY STORE 179.30   19.7 9.12 5.20 2.80
ARTESIAN RESOURCES 36.13   23.3 1.55 0.98 2.70
CATERPILLAR 139.09   13.0 10.73 4.12 2.49
TIFFANY 94.03   20.3 4.64 2.32 2.45
UNITED TECHNOLOGIES 133.19   20.5 6.49 2.94 2.20
MEDTRONIC 99.87   29.2 3.42 2.16 2.18
JOHN WILEY & SONS 63.90   22.5 2.82 1.28 2.02
CONNECTICUT WATER SERVICE 69.95   41.9 1.67 1.31 1.87
LOWES COMPANIES 106.50   36.5 2.92 2.20 1.79
MINE SAFETY APPLIANCES 107.36   36.5 2.94 1.68 1.58
FEDEX 169.79   91.8 1.85 2.60 1.55
EXPEDITORS INT 75.12   21.3 3.53 1.00 1.35
RLI 87.74   33.5 2.62 0.92 1.04
FACTSET RESEARCH SYSTEMS 283.06   33.3 8.50 2.88 0.97
CASEYS GENERAL STORES 160.25   29.1 5.51 1.28 0.73
WEST PHARMACEUTICAL SERVICES 123.22   42.5 2.90 0.60 0.48

LEGGETT PLATT - LEG
LEGGETT PLATT - LEG  


Older articles featuring Leggett Platt (LEG):
Bunker Portfolio: A New Strategy And Our Latest Dividend Aristocrat
The Best Dividend Stocks To Buy During The Rate Cut Rally
Dividend Champion And Contender Highlights: Week Of July 7
The Most Undervalued And Overvalued Dividend Aristocrats - July 2019
The Best Dividend Stocks To Buy In A Potentially Volatile July
The Most Undervalued And Overvalued Dividend Champions - July 2019
Lanny's July Dividend Stock Watch List
The Best Dividend Stocks To Buy When The Market Is At An All-Time High
A 57 Dividend Aristocrat June/July Update From The Dogcatcher
The Best Dividend Stocks To Buy In This Bargain Rich Market

More