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Defense Firms General Dynamics And Raytheon Among A Light Month Of Dividend Increases In March

Published Sun, 03 Mar 2019 16:21:46 -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 in the middle of February, I provided predictions for 11 dividend growth companies that have historically announced annual payout increases in the second half of February.
Of those 11 companies, one - Ross Stores (Nasdaq: ROST) - deferred its announcement to March. But in addition to the 10 companies that did announce increases, there were three other dividend growth companies that also announced their annual dividend increases. Coca-Cola (KO) announced a 2.6% increase to an annualized rate of $1.60, giving the company a forward yield of 3.53%. Best Buy (BBY) – which I expected to announce in March – moved its announcement forward and raised its dividend by 11.1% to an annualized $2.00. Best Buy now yields 2.95%. Finally, The Home Depot (HD) announced a whopping 32% increase in its dividend to increase its forward yield to 2.94%. Home Depot’s annual dividend is now $5.44 a share.
Let’s take a look at how well I did with my predictions from the second half of February before we go to my predictions for March (you can see the article with the original predictions here):
(Note: all yields are based on stock prices at the market close on Friday, March 1st.)
Results for 11 Dividend Increase Predictions from the Second Half of February
Analog Devices (ADI)
Prediction: 6.3 – 8.3% increase to $2.04 - $2.08
... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
OLD REPUBLIC INTERNATIONAL 22.41   8.6 2.59 0.80 3.57
COCA-COLA 48.85   31.1 1.57 1.60 3.25
GENUINE PARTS 98.31   18.2 5.39 3.05 3.11
QUALCOMM 77.75   41.1 1.89 2.48 3.04
BEST BUY 68.84   13.1 5.26 2.00 2.90
HOME DEPOT 190.95   19.6 9.73 5.44 2.82
ESSEX PROPERTY TRUST 284.05   44.9 6.33 7.80 2.73
MCGRATH RENTCORP 59.21   17.4 3.40 1.50 2.51
GENERAL DYNAMICS 169.29   15.2 11.10 4.08 2.45
COLGATE PALMOLIVE 71.70   26.8 2.68 1.72 2.39
ALBEMARLE 67.78   10.6 6.40 1.47 2.17
ANALOG DEVICES 100.02   23.8 4.21 2.16 2.14
TELEPHONE & DATA SYSTEMS 31.39   23.6 1.33 0.66 2.14
RAYTHEON 180.67   16.8 10.73 3.77 2.13
WAL-MART STORES 101.52   35.1 2.89 2.12 2.10
CHUBB 145.75   17.3 8.41 3.00 2.01
TJX 52.97   21.7 2.44 0.92 1.73
ROSS STORES 97.42   22.9 4.26 1.02 1.05

OLD REPUBLIC INTERNATIONAL - ORI
OLD REPUBLIC INTERNATIONAL - ORI  


Older articles featuring Old Republic International (ORI):
The Retirees' Dividend Portfolio - John And Jane's April Taxable Account Update: Tariff Wars Create Some Interesting...
Achievers' May Yields Blossom With Gains And Upside
The Retirees' Dividend Portfolio - John And Jane's March Taxable Account Update - Tax Season
103 Dividend Achievers - April Yields, Gains, And Upsides
24 Upcoming Dividend Increases, Including 2 Kings
Dividend Increases: February 18-22, 2019 (Part 3: Remaining Sectors)
Retailers Ross Stores, TJX Companies Expected To Lead Dividend Increases In Second Half Of February
John And Jane - January Taxable Account Update - Taking A Fresh Approach To Dividend Investing
Jane's FY-2018 Dividend Income Totals - Why Being Patient Pays
'Safer' Dividend 24 Of 150 With 5-50 Annual Hikes Show Positive Returns & Covering Cash-Flow To 2020

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