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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 31.18   80.0 0.39 2.64 8.77
AT&T 32.49   6.3 5.13 2.00 6.17
HCP 26.86   223.8 0.12 1.48 5.68
PHILIP MORRIS INTERNATIONAL 83.41   20.2 4.12 4.56 5.57
SOUTHERN COMPANY 46.72   20.0 2.34 2.40 5.20
DOMINION RESOURCES 69.82   14.7 4.74 3.34 4.72
ALTRIA GROUP 59.22   10.6 5.56 2.80 4.70
REALTY INCOME 56.51   48.3 1.17 2.64 4.62
VERIZON COMM 52.87   7.0 7.56 2.36 4.50
IBM 143.91   23.2 6.20 6.28 4.40
KINDER MORGAN 17.95   0.0 -0.18 0.80 4.40
KRAFT HEINZ 60.03   6.6 9.04 2.50 4.20
GENERAL MILLS 47.10   12.9 3.64 1.96 4.15
EXXON MOBIL 79.42   16.2 4.91 3.28 4.06
GENERAL ELECTRIC 12.22   0.0 -0.99 0.48 3.86
QUALCOMM 65.77   0.0 -2.86 2.48 3.79
CHEVRON 122.44   19.3 6.35 4.48 3.63
KIMBERLY-CLARK 116.46   23.7 4.91 4.00 3.60
PROCTER & GAMBLE 81.31   22.2 3.66 2.87 3.52
COCA-COLA 46.08   85.3 0.54 1.56 3.40
WISCONSIN ENERGY 66.75   16.7 4.00 2.21 3.29
PEPSICO 116.30   36.2 3.21 3.71 3.27
TARGET 82.68   15.2 5.45 2.56 3.00
GENUINE PARTS 98.04   21.6 4.55 2.88 2.96
JM SMUCKER 111.10   9.4 11.79 3.40 2.82
STARBUCKS 52.75   16.5 3.19 1.44 2.78
CLOROX 141.22   22.6 6.26 3.84 2.74
JOHNSON & JOHNSON 132.02   307.0 0.43 3.60 2.73
3M 201.39   27.8 7.23 5.44 2.72
HERSHEY 98.61   20.3 4.86 2.89 2.69
WELLS FARGO 58.05   14.2 4.10 1.72 2.64
EMERSON ELECTRIC 73.96   22.6 3.27 1.94 2.61
NEXTERA ENERGY 172.77   10.0 17.30 4.44 2.59
COLGATE PALMOLIVE 65.83   26.3 2.50 1.68 2.56
LOCKHEED MARTIN 317.70   35.1 9.06 8.00 2.55
MCDONALDS 158.14   23.2 6.81 4.04 2.55
CATERPILLAR 135.02   26.2 5.15 3.44 2.53
WALGREENS BOOTS ALLIANCE 69.62   16.3 4.28 1.76 2.33
WAL-MART STORES 90.18   30.2 2.99 2.08 2.31
AFLAC 46.29   7.9 5.86 1.04 2.25
UNITED TECHNOLOGIES 134.49   21.2 6.35 2.80 2.09
ADP 141.24   38.7 3.65 2.76 1.96
MCCORMICK 106.78   28.9 3.70 2.08 1.94
DEERE 137.05   24.7 5.55 2.76 1.91
CONOCOPHILLIPS 71.75   18.9 3.80 1.14 1.56
MICROSOFT 107.64   51.0 2.11 1.68 1.53
APPLE 213.32   19.3 11.03 2.92 1.39
BECTON DICKINSON 249.33   107.5 2.32 3.00 1.19
BAXTER INTERNATIONAL 71.58   43.1 1.66 0.76 1.07
SHIRE 168.32   10.6 15.85 0.34 0.62
VISA 139.92   34.3 4.08 0.84 0.60

OMEGA HEALTHCARE INVESTORS - OHI
OMEGA HEALTHCARE INVESTORS - OHI  


Older articles featuring Omega Healthcare Investors (OHI):
How To Increase Dividend Safety And Maintain Dividend Payments
Dividend Portfolio Review: Busy Earnings Season, Heavy Buying, Growing Dividends
Reducing Risk In High-Yield Income Strategies
The Rose 93 Stock July Portfolio Update: Delightful Spicy Dividends Up 60.2% From 2017
5%+ Dividend Yield Portfolio: Sticking To The Plan (July 2018 Review)
In Case Omega Healthcare Investors Cuts Its Dividend
Omega Healthcare: Why The Dividend Will Be Cut
31 Dividend Increases: July 16-20, 2018 (Part 2: Non-Financials)
Is This 5.3% Healthcare Yield A Worthy Buy
Omega Healthcare: Our Top-Ranked REIT Has A Secure 8.5% Dividend Yield

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