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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
ARCHER-DANIELS-MIDLAND 37.43   16.1 2.33 1.40 3.71
NU SKIN ENTERPRISES 40.82   18.4 2.22 1.48 3.69
OLD REPUBLIC INTERNATIONAL 22.80   9.2 2.48 0.80 3.64
3M 155.85   18.8 8.28 5.76 3.57
GENUINE PARTS 89.81   16.7 5.38 3.05 3.41
UNITED PARCEL SERVICE 115.22   21.1 5.47 3.84 3.34
PEPSICO 132.66   14.7 9.02 3.82 2.89
EVERSOURCE ENERGY 79.17   29.2 2.71 2.14 2.69
TELEPHONE & DATA SYSTEMS 24.79   18.8 1.32 0.66 2.68
ESSEX PROPERTY TRUST 315.19   50.8 6.21 7.80 2.45
NEXTERA ENERGY 221.62   31.8 6.96 5.00 2.28
MCGRATH RENTCORP 63.41   17.9 3.54 1.50 2.25
ALBEMARLE 59.95   11.7 5.12 1.47 2.23
BEMIS 57.25   22.9 2.50 1.28 2.20
UNION PACIFIC 166.07   19.7 8.42 3.88 2.10
ANALOG DEVICES 104.17   25.7 4.05 2.16 1.99
CHUBB 153.22   18.8 8.15 3.00 1.94
WAL-MART STORES 111.91   25.2 4.44 2.12 1.89
TJX 54.88   22.1 2.48 0.92 1.79
PERRIGO 47.77   73.5 0.65 0.84 1.78
CHURCH & DWIGHT 78.50   32.7 2.40 0.91 1.15
JACK HENRY & ASSOCIATES 138.85   39.4 3.52 1.60 1.12
ROSS STORES 102.95   23.4 4.40 1.02 0.96
SHERWIN-WILLIAMS 523.50   42.1 12.44 4.52 0.86

ARCHER-DANIELS-MIDLAND - ADM
ARCHER-DANIELS-MIDLAND - ADM  


Older articles featuring Archer-daniels-midland (ADM):
Dividend Champion And Contender Highlights: Week Of August 18
The Retirees' Dividend Portfolio - John And Jane's July Taxable Account Update: Looking To The VIX Index
ADM Directors Vote to Increase Cash Dividend, Extend Share Repurchase Program
5 Safe And Cheap Dividend Stocks To Invest (August 2019)
The Most Reliable Dividend Stocks On Earth: Kiplinger's International Aristocrats For August
Your 57 S&P Dividend Aristocrats Sizzle For July/August Dog Days
The Retirees' Dividend Portfolio - John And Jane's June Taxable Account Update: The Danger Of Making Assumptions
My Dividend Growth Portfolio: Q2 2019 Summary
Dividend Income Update: June 2019
Kiplinger Calls These July International Aristocrats The Most Reliable Dividend Stocks On Earth

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