Dividend-News

Daily dividend news for investors in dividend stocks


Retailers Ross Stores, TJX Companies Expected To Lead Dividend Increases In Second Half Of February

Published Mon, 18 Feb 2019 13:29:09 -0500 on Seeking Alpha

Those of you who follow this series of articles know that I track the dividend increases of a variety of long-term dividend growth companies. Back at the end of January, I provided predictions for 9 dividend growth companies that have historically announced annual payout increases in the first half of February.
In addition to the 9 companies for which I gave predictions, there were five other dividend growth companies that announced their annual dividend increases. Archer Daniels Midland (ADM) announced a 4.5% increase to an annualized rate of $1.40, giving the company a forward yield of 3.33%. Dividend Aristocrats 3M (MMM) and Sherwin-Williams (SHW) each announced dividend increases – 3M’s increase was a modest 5.9%, while Sherwin-Williams blew away investors with a 31.4% increase. 3M now has a forward yield of 2.76% and Sherwin-Williams yields 1.03%. Finally, shipping company United Parcel (UPS) announced a 5.5% increase to give it a 2.07% yield, and rail and transport company Union Pacific (UNP) continued its pattern of dividend increases every 6 months with a 10% boost to yield 3.46%.
Let’s take a look at how well I did with my predictions from the first half of February before we go to my predictions for the second half of February (you can see the article with the original predictions here):
(Note: All yields are based on stock prices at the market close on Friday, February 15th.)
Results for the 9 Dividend Increase Predictions from January
Bemis... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
OLD REPUBLIC INTERNATIONAL 22.80   9.2 2.48 0.80 3.57
ARCHER-DANIELS-MIDLAND 41.45   17.8 2.33 1.40 3.47
3M 170.58   20.6 8.28 5.76 3.41
NU SKIN ENTERPRISES 44.28   20.0 2.22 1.48 3.39
GENUINE PARTS 97.52   18.1 5.38 3.05 3.14
UNITED PARCEL SERVICE 122.56   22.4 5.47 3.84 3.14
PEPSICO 137.29   15.2 9.02 3.82 2.81
EVERSOURCE ENERGY 82.86   30.6 2.71 2.14 2.61
TELEPHONE & DATA SYSTEMS 27.28   20.7 1.32 0.66 2.45
ESSEX PROPERTY TRUST 324.02   52.2 6.21 7.80 2.43
UNION PACIFIC 167.71   19.9 8.42 3.88 2.32
MCGRATH RENTCORP 68.50   19.4 3.54 1.50 2.31
NEXTERA ENERGY 220.74   31.7 6.96 5.00 2.29
BEMIS 57.25   22.9 2.50 1.28 2.20
ALBEMARLE 69.28   13.5 5.12 1.47 2.15
ANALOG DEVICES 116.21   28.7 4.05 2.16 1.90
CHUBB 160.10   19.6 8.15 3.00 1.88
WAL-MART STORES 116.92   26.3 4.44 2.12 1.83
TJX 56.75   22.9 2.48 0.92 1.62
PERRIGO 55.96   86.1 0.65 0.84 1.59
CHURCH & DWIGHT 72.65   30.3 2.40 0.91 1.27
JACK HENRY & ASSOCIATES 146.38   41.6 3.52 1.60 1.12
ROSS STORES 109.36   24.8 4.40 1.02 0.94
SHERWIN-WILLIAMS 538.95   43.3 12.44 4.52 0.87