Dividend-News

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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 22.80   9.2 2.48 0.80 3.57
QUALCOMM 79.08   28.0 2.82 2.48 3.15
GENUINE PARTS 97.52   18.1 5.38 3.05 3.14
COCA-COLA 55.11   33.6 1.64 1.60 2.94
BEST BUY 67.86   12.2 5.55 2.00 2.90
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
COLGATE PALMOLIVE 72.29   27.5 2.63 1.72 2.38
HOME DEPOT 233.80   23.3 10.04 5.44 2.33
MCGRATH RENTCORP 68.50   19.4 3.54 1.50 2.31
GENERAL DYNAMICS 189.41   16.8 11.25 4.08 2.17
ALBEMARLE 69.28   13.5 5.12 1.47 2.15
RAYTHEON 197.45   18.2 10.87 3.77 1.95
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
ROSS STORES 109.36   24.8 4.40 1.02 0.94