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 48.48   10.8 4.51 1.92 4.01
LEGGETT PLATT 42.18   19.6 2.15 1.60 3.82
WEYCO GROUP 26.11   12.6 2.08 0.96 3.77
GENERAL MILLS 54.09   18.6 2.90 1.96 3.59
NATIONAL FUEL GAS 48.74   14.4 3.39 1.74 3.53
BUNGE 57.50   15.9 3.61 2.00 3.51
FLOWERS FOODS 22.43   26.4 0.85 0.76 3.40
CATERPILLAR 131.75   12.3 10.74 4.12 3.16
CRACKER BARREL OLD COUNTRY STORE 162.02   17.8 9.12 5.20 3.15
ARTESIAN RESOURCES 37.20   24.2 1.54 0.98 2.73
TIFFANY 96.61   21.0 4.59 2.32 2.47
TARGET 108.94   18.0 6.04 2.64 2.43
UNITED TECHNOLOGIES 137.46   22.4 6.13 2.94 2.20
JOHN WILEY & SONS 63.90   22.5 2.82 1.28 2.02
MEDTRONIC 110.38   33.8 3.27 2.16 2.01
LOWES COMPANIES 113.88   35.6 3.20 2.20 1.91
CONNECTICUT WATER SERVICE 70.30   39.9 1.76 1.31 1.87
MINE SAFETY APPLIANCES 113.54   36.6 3.10 1.68 1.52
FEDEX 173.51   93.8 1.85 2.60 1.51
EXPEDITORS INT 75.21   20.8 3.62 1.00 1.32
FACTSET RESEARCH SYSTEMS 276.65   32.6 8.50 2.88 1.07
RLI 90.18   32.6 2.77 0.92 1.03
CASEYS GENERAL STORES 169.80   28.7 5.92 1.28 0.75
WEST PHARMACEUTICAL SERVICES 146.09   48.2 3.03 0.60 0.43

CARDINAL HEALTH - CAH
CARDINAL HEALTH - CAH  


Older articles featuring Cardinal Health (CAH):
Dividend Changes: May 9-15, 2020
Companies Continue To Skip Or Keep Dividend Increases Small In First Part Of May
Dividend Champion And Contender Highlights: Week Of May 17
Bert's April Dividend Income Summary
Expected Dividend Increases In May (Hopefully)
AmerisourceBergen Corporation Is A Safe Addition To Your Dividend Growth Portfolio
Dividend Champion And Contender Highlights: Week Of April 12
The Retirees' Dividend Portfolio: John And Jane's March Taxable Account Update
Dividend Aristocrat Performance: March 2020
Dividend Champion And Contender Highlights: Week Of March 29

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