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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 37.19   26.6 1.40 2.64 7.08
GENERAL ELECTRIC 7.01   0.0 -3.82 0.48 6.59
AT&T 31.24   5.9 5.29 2.00 6.57
ALTRIA GROUP 53.92   9.6 5.62 3.20 5.93
PHILIP MORRIS INTERNATIONAL 84.22   19.6 4.29 4.56 5.39
IBM 120.89   19.4 6.22 6.28 5.26
KRAFT HEINZ 48.47   5.7 8.46 2.50 5.17
GENERAL MILLS 38.56   10.7 3.60 1.96 5.09
SOUTHERN COMPANY 47.55   19.7 2.41 2.40 5.05
KINDER MORGAN 16.23   0.0 -0.02 0.80 4.99
HCP 28.91   82.6 0.35 1.48 4.97
DOMINION RESOURCES 76.05   15.2 5.01 3.34 4.38
QUALCOMM 57.72   0.0 -3.32 2.48 4.33
EXXON MOBIL 76.02   14.0 5.44 3.28 4.29
VERIZON COMM 58.85   7.5 7.86 2.41 4.18
REALTY INCOME 66.30   55.7 1.19 2.65 4.01
CHEVRON 115.94   15.6 7.43 4.48 3.88
TARGET 66.68   11.1 6.01 2.56 3.83
WELLS FARGO 47.03   10.7 4.39 1.72 3.60
KIMBERLY-CLARK 113.69   24.7 4.60 4.00 3.52
JM SMUCKER 100.88   8.6 11.79 3.40 3.46
EMERSON ELECTRIC 60.44   17.5 3.46 1.96 3.21
COCA-COLA 49.09   75.5 0.65 1.56 3.15
PEPSICO 115.82   33.4 3.47 3.71 3.15
LOCKHEED MARTIN 292.15   26.7 10.96 8.80 3.08
PROCTER & GAMBLE 96.49   25.3 3.82 2.87 3.05
WISCONSIN ENERGY 74.96   18.5 4.06 2.36 2.95
GENUINE PARTS 100.11   20.2 4.96 2.88 2.90
CATERPILLAR 125.90   20.1 6.26 3.44 2.79
3M 199.81   26.7 7.48 5.44 2.74
HERSHEY 110.01   22.8 4.83 2.89 2.68
COLGATE PALMOLIVE 65.47   27.0 2.42 1.68 2.60
MCDONALDS 186.43   28.3 6.59 4.64 2.53
JOHNSON & JOHNSON 145.43   290.9 0.50 3.60 2.47
UNITED TECHNOLOGIES 119.25   19.2 6.22 2.94 2.47
AFLAC 45.75   7.6 6.04 1.04 2.44
NEXTERA ENERGY 182.20   10.3 17.62 4.44 2.43
CLOROX 165.08   25.7 6.42 3.84 2.31
WAL-MART STORES 92.96   53.4 1.74 2.08 2.22
STARBUCKS 66.91   20.8 3.21 1.44 2.18
WALGREENS BOOTS ALLIANCE 82.32   16.2 5.07 1.76 2.15
ADP 138.20   35.4 3.90 3.16 1.97
CONOCOPHILLIPS 66.13   13.1 5.05 1.22 1.86
DEERE 147.26   20.4 7.21 3.04 1.82
APPLE 165.48   13.9 11.87 2.92 1.73
MICROSOFT 104.82   43.5 2.41 1.84 1.70
MCCORMICK 155.83   23.2 6.73 2.28 1.36
BECTON DICKINSON 241.23   548.2 0.44 3.08 1.22
BAXTER INTERNATIONAL 66.95   30.3 2.21 0.76 1.15
VISA 137.54   31.2 4.41 1.00 0.73
SHIRE 169.66   10.7 15.79 0.34 0.19

OMEGA HEALTHCARE INVESTORS - OHI
OMEGA HEALTHCARE INVESTORS - OHI  


Older articles featuring Omega Healthcare Investors (OHI):
Portfolio Update: Stocks Getting Slammed As Dividends Shine Bright
3 Top Healthcare Dividend Stocks for 2019
Boeing: What Will The Dividend Increase Be Next Week?
John's October Dividend Increases And Income Tracker - Retirement Accounts
Dividend Sensei's Portfolio Update 62: Why I Bought $15,000 Worth Of 7.2% Yielding Brookfield Property Partners
5%+ Dividend Yield Portfolio: Profiting From A Return To Normal (October 2018 Review)
Dividend Sensei's Portfolio Update 61: 3 Reasons We Live In The Golden Age Of Investing
Road To Financial Independence: Growing Dividends, Endless Opportunities But Limited Capital
5%+ Dividend Yield Portfolio: Playing Offense, Not Running Scared (October 2018 Review)
Dividend Increases: October 22-26, 2018 (Part 1: Financials And Real Estate Sectors)

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