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Dividend Growth 50: Income Up Nearly 10%, Led By Kinder Morgan (Seriously!)

Published Mon, 16 Jul 2018 10:34:18 -0400 on Seeking Alpha

Here's one from the Wonders Never Cease Dept.: When I say the Dividend Growth 50 has been "kindered," this time, it's actually a good thing!
As has been the case with many Dividend Growth Investing portfolios, the DG50 was scarred by the presence of Kinder Morgan (KMI). Not only did KMI's price crater along with those of most other oil-related companies in 2015-16 ... and not only did management break a promise to raise the dividend by 10% annually from 2015 to 2020 ... and not only has KMI's price failed to rebound as strongly as many others in the sector ... but the oil/gas pipeline company infamously cut its dividend by 75% in the winter of 2016.
Retirees counting on that income were devastated, and younger investors hoping to see their dividends compound were disappointed. All of which led many to scream:
"%$@#! I'VE BEEN KINDERED!"
Fast-forward to the present and get ready to pinch yourself. KMI not only was the DG50's biggest income-grower in the second quarter of 2018, but at 64%, it earned that distinction by a wide margin.
KMI's dividend still isn't what it was before the cut, but hey ... we're always happy to get encouraging news.
Two other companies that had slashed their divvies - Baxter (BAX) and ConocoPhillips (COP) - also are producing double-digit income growth again. Throw in continued advances from the likes of Visa (V), Pepsi (PEP) and NextEra Energy (NEE), and the DG50 experienced... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
OMEGA HEALTHCARE INVESTORS 37.17   26.6 1.40 2.64 7.37
AT&T 31.07   10.8 2.87 2.04 6.69
ALTRIA GROUP 55.92   15.2 3.68 3.20 5.74
PHILIP MORRIS INTERNATIONAL 91.91   18.1 5.08 4.56 5.04
KRAFT HEINZ 32.29   0.0 -8.40 1.60 5.00
DOMINION RESOURCES 75.52   20.2 3.73 3.67 4.90
HCP 31.65   14.3 2.21 1.48 4.88
SOUTHERN COMPANY 51.57   23.6 2.19 2.40 4.71
IBM 141.44   14.9 9.51 6.28 4.47
QUALCOMM 56.82   36.0 1.58 2.48 4.34
VERIZON COMM 58.29   15.5 3.77 2.41 4.19
GENERAL MILLS 50.04   19.6 2.55 1.96 4.15
EXXON MOBIL 80.48   16.5 4.88 3.28 4.03
KINDER MORGAN 20.42   30.9 0.66 0.80 3.99
REALTY INCOME 72.47   57.5 1.26 2.71 3.86
CHEVRON 123.09   15.9 7.74 4.76 3.82
COCA-COLA 45.93   30.6 1.50 1.60 3.51
WELLS FARGO 49.86   11.2 4.44 1.80 3.50
KIMBERLY-CLARK 121.46   30.1 4.03 4.12 3.44
TARGET 79.49   14.4 5.51 2.56 3.26
JM SMUCKER 111.59   20.1 5.54 3.40 3.18
PEPSICO 119.44   13.6 8.80 3.71 3.14
WISCONSIN ENERGY 78.77   23.5 3.35 2.36 3.04
LOCKHEED MARTIN 299.01   17.0 17.60 8.80 2.97
EMERSON ELECTRIC 66.86   18.6 3.59 1.96 2.87
GENUINE PARTS 109.10   19.8 5.50 3.05 2.84
PROCTER & GAMBLE 102.49   24.9 4.11 2.87 2.82
WALGREENS BOOTS ALLIANCE 62.41   11.5 5.44 1.76 2.80
3M 204.66   23.0 8.90 5.76 2.77
NEXTERA ENERGY 191.91   13.8 13.95 5.00 2.65
HERSHEY 111.50   20.0 5.58 2.89 2.64
JOHNSON & JOHNSON 138.10   24.6 5.61 3.60 2.60
CATERPILLAR 129.77   12.7 10.22 3.44 2.59
COLGATE PALMOLIVE 66.00   24.0 2.75 1.72 2.58
MCDONALDS 186.37   24.7 7.54 4.64 2.53
CLOROX 158.13   26.1 6.05 3.84 2.46
UNITED TECHNOLOGIES 126.88   19.4 6.55 2.94 2.32
AFLAC 49.46   13.2 3.76 1.08 2.18
WAL-MART STORES 99.06   43.4 2.28 2.12 2.12
ADP 153.81   37.3 4.12 3.16 2.05
STARBUCKS 71.96   32.0 2.25 1.44 2.01
DEERE 155.94   15.0 10.41 3.04 1.90
CONOCOPHILLIPS 66.07   12.4 5.34 1.22 1.81
MCCORMICK 143.28   20.4 7.01 2.28 1.63
MICROSOFT 117.05   27.2 4.31 1.84 1.57
APPLE 191.05   15.7 12.16 2.92 1.55
BECTON DICKINSON 240.12   73.9 3.25 3.08 1.27
BAXTER INTERNATIONAL 77.24   25.8 2.99 0.76 0.98
VISA 155.80   33.6 4.64 1.00 0.65
GENERAL ELECTRIC 10.27   0.0 -2.62 0.04 0.39
SHIRE 179.20   11.4 15.79 0.34 0.19

OMEGA HEALTHCARE INVESTORS - OHI
OMEGA HEALTHCARE INVESTORS - OHI  


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