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
CARDINAL HEALTH 45.98   459.8 0.10 1.92 4.23
LEGGETT PLATT 37.30   17.4 2.14 1.60 4.05
BUNGE 51.83   25.5 2.03 2.00 3.83
GENERAL MILLS 52.71   20.7 2.55 1.96 3.74
TARGET 72.08   13.1 5.51 2.56 3.61
FLOWERS FOODS 22.81   28.2 0.81 0.72 3.16
WEYCO GROUP 28.83   13.9 2.08 0.96 3.12
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
CATERPILLAR 122.43   11.4 10.73 4.12 2.80
ARTESIAN RESOURCES 37.37   24.1 1.55 0.98 2.69
TIFFANY 95.39   20.1 4.75 2.20 2.29
MEDTRONIC 87.57   24.2 3.62 2.00 2.28
UNITED TECHNOLOGIES 133.48   20.6 6.49 2.94 2.20
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
LOWES COMPANIES 109.20   39.0 2.80 1.92 1.76
FEDEX 168.21   12.4 13.56 2.60 1.53
MINE SAFETY APPLIANCES 104.62   35.6 2.94 1.68 1.45
EXPEDITORS INT 73.94   21.0 3.53 2.00 1.21
RLI 84.54   32.3 2.62 0.92 1.05
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

CARDINAL HEALTH - CAH
CARDINAL HEALTH - CAH  


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

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