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||31.18||80.0||0.39||2.64||8.77|
|PHILIP MORRIS INTERNATIONAL||83.41||20.2||4.12||4.56||5.57|
|PROCTER & GAMBLE||81.31||22.2||3.66||2.87||3.52|
|JOHNSON & JOHNSON||132.02||307.0||0.43||3.60||2.73|
|WALGREENS BOOTS ALLIANCE||69.62||16.3||4.28||1.76||2.33|
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