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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
UNITED PARCEL SERVICE 96.17   18.4 5.24 3.84 3.86
OLD REPUBLIC INTERNATIONAL 22.34   8.6 2.59 0.80 3.54
ARCHER-DANIELS-MIDLAND 39.21   13.5 2.91 1.40 3.48
3M 165.87   17.6 9.43 5.76 3.44
GENUINE PARTS 100.02   18.6 5.39 3.05 3.10
EVERSOURCE ENERGY 74.84   22.2 3.37 2.14 2.90
NU SKIN ENTERPRISES 50.36   22.0 2.29 1.48 2.87
PEPSICO 130.07   14.7 8.86 3.82 2.85
ESSEX PROPERTY TRUST 290.97   46.0 6.33 7.80 2.71
MCGRATH RENTCORP 57.71   17.0 3.40 1.50 2.58
NEXTERA ENERGY 201.93   33.4 6.04 5.00 2.51
BEMIS 57.25   22.9 2.50 1.28 2.20
ALBEMARLE 66.80   10.4 6.40 1.47 2.16
ANALOG DEVICES 98.42   23.6 4.18 2.16 2.13
WAL-MART STORES 101.86   35.2 2.89 2.12 2.10
TELEPHONE & DATA SYSTEMS 30.28   22.8 1.33 0.66 2.09
UNION PACIFIC 172.65   21.1 8.18 3.52 2.01
CHUBB 147.07   17.5 8.41 3.00 2.00
TJX 52.16   21.3 2.44 0.92 1.73
PERRIGO 47.77   56.9 0.84 0.84 1.53
CHURCH & DWIGHT 74.71   31.9 2.34 0.91 1.23
JACK HENRY & ASSOCIATES 132.49   34.6 3.83 1.60 1.18
ROSS STORES 92.78   21.6 4.30 1.02 1.08
SHERWIN-WILLIAMS 430.57   36.9 11.66 4.52 1.05

UNITED PARCEL SERVICE - UPS
UNITED PARCEL SERVICE - UPS  


Older articles featuring United Parcel Service (UPS):
2 Dividend Stocks Being Beaten Up For The Wrong Reasons
The Best Dividend Stocks To Buy In Today's Economy
The Impact Of Dividend Increases Through March Of 2019
The Best Dividend Stocks To Buy In This Risky Market
April Dividend Income Report - Beating Records, Holding Steady
Lanny's May Dividend Stock Watch List
10 Dividend Blue Chips I'm Looking To Add To My Retirement Portfolio
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The Best Dividend Stocks To Buy As Earnings Season Heats Up
The Best Dividend Stocks To Buy In A Red Hot Market

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