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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 31.98   71.1 0.45 2.64 7.99
AT&T 32.50   6.3 5.13 2.00 6.17
HCP 25.78   214.8 0.12 1.48 5.92
PHILIP MORRIS INTERNATIONAL 87.52   21.2 4.12 4.56 5.46
SOUTHERN COMPANY 44.31   18.9 2.34 2.40 5.43
ALTRIA GROUP 61.44   11.0 5.56 3.20 5.33
DOMINION RESOURCES 72.23   15.2 4.74 3.34 4.62
REALTY INCOME 57.91   49.5 1.17 2.65 4.60
KINDER MORGAN 17.95   0.0 -0.18 0.80 4.56
GENERAL MILLS 44.37   12.3 3.60 1.96 4.55
KRAFT HEINZ 55.52   6.4 8.72 2.50 4.51
VERIZON COMM 54.65   7.2 7.56 2.41 4.49
IBM 145.12   23.4 6.20 6.28 4.46
EXXON MOBIL 81.85   16.7 4.91 3.28 4.04
GENERAL ELECTRIC 12.19   0.0 -0.99 0.48 3.95
QUALCOMM 66.10   0.0 -2.86 2.48 3.86
CHEVRON 117.47   18.5 6.35 4.48 3.81
KIMBERLY-CLARK 109.48   22.3 4.91 4.00 3.63
PROCTER & GAMBLE 80.24   21.9 3.66 2.87 3.54
PEPSICO 108.31   31.2 3.47 3.71 3.51
COCA-COLA 45.86   84.9 0.54 1.56 3.47
JM SMUCKER 102.90   8.7 11.84 3.40 3.23
WISCONSIN ENERGY 69.27   17.3 4.00 2.21 3.20
WELLS FARGO 53.10   12.1 4.39 1.72 3.20
GENUINE PARTS 95.14   20.9 4.55 2.88 2.99
TARGET 83.36   14.6 5.72 2.56 2.98
HERSHEY 104.58   21.5 4.86 2.89 2.74
3M 198.94   27.5 7.23 5.44 2.74
EMERSON ELECTRIC 71.42   21.8 3.27 1.94 2.70
JOHNSON & JOHNSON 139.46   278.9 0.50 3.60 2.69
COLGATE PALMOLIVE 62.64   25.1 2.50 1.68 2.68
NEXTERA ENERGY 171.57   9.9 17.30 4.44 2.59
CLOROX 149.00   23.8 6.26 3.84 2.58
STARBUCKS 58.63   18.4 3.19 1.44 2.49
MCDONALDS 166.77   24.5 6.81 4.64 2.47
CATERPILLAR 141.80   27.5 5.15 3.44 2.42
WALGREENS BOOTS ALLIANCE 74.72   14.7 5.07 1.76 2.39
LOCKHEED MARTIN 328.00   36.2 9.06 8.80 2.37
AFLAC 43.82   7.5 5.86 1.04 2.36
WAL-MART STORES 96.17   55.3 1.74 2.08 2.17
UNITED TECHNOLOGIES 130.07   20.5 6.35 2.94 2.15
ADP 142.94   39.2 3.65 2.76 1.93
DEERE 147.20   23.1 6.36 2.76 1.82
CONOCOPHILLIPS 72.59   19.1 3.80 1.22 1.65
MICROSOFT 110.71   52.5 2.11 1.84 1.56
MCCORMICK 137.69   20.5 6.73 2.08 1.55
APPLE 216.02   19.6 11.03 2.92 1.31
BECTON DICKINSON 238.31   102.7 2.32 3.00 1.24
BAXTER INTERNATIONAL 70.17   42.3 1.66 0.76 1.04
VISA 139.29   34.1 4.08 0.84 0.59
SHIRE 177.36   11.2 15.85 0.34 0.20

OMEGA HEALTHCARE INVESTORS - OHI
OMEGA HEALTHCARE INVESTORS - OHI  


Older articles featuring Omega Healthcare Investors (OHI):
Omega Announces Quarterly Common Stock Dividend and Schedules Third Quarter Earnings Release Date and Conference Call
My K.I.S.S. Dividend Growth Portfolio: 3rd Quarter 2018 Update
High-Yield REIT Provides Double-Digit Total Return Outlook
My Dividend Growth Portfolio - Q3 2018 Summary
5%+ Dividend Yield Portfolio: Ignore The Political Circus (Sep 2018 Review)
Dividend Growth 50: Double-Digit Divvy Dollar Dandy!
5 Dividend Achievers To Gain 16.9% To 32.2% By September 2019 Per Broker Targets
#1 Healthcare Investment - 6.8% Yield And 25% Upside
My 4% Dividend Yield Portfolio: Q3'18 Summary And Plans For The Coming Months
Top Dividend Growth Stocks By Sector

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