Dividend-News

Daily dividend news for investors in dividend stocks


Retailers Ross Stores, TJX Companies, Walmart Among 14 Companies To Increase Dividends In The Second Half Of February

Published Mon, 17 Feb 2020 14:29:43 -0500 on Seeking Alpha

Most of the increases in the first half of February were modest, but Florida-based utility Next Era Energy led the way with a 12% boost.
75% of my predictions were accurate, which is much better than I’ve done recently.
The second half of February brings increases from Walmart, and double-digit boosts from several companies, including McGrath Rental, TJX and Ross Stores.
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 12 long-term dividend growth companies that have historically announced annual payout increases in the first half of February.
In addition to the companies that I provided predictions for, there were other companies that continued long-term dividend growth streaks:
Investment company T. Rowe Price (TROW) announced its 34th year of dividend growth, boosting the annual dividend by 18.4% to $3.60. T. Rowe Price now has a forward yield of 2.62%. Insurer RenaissanceRe (RNR) boosted its payout by 3% to $1.40 and now sports a forward yield of 0.70%. This is RenaissanceRe’s 24th year of increasing dividends. There were many other companies that announced dividend increases during the first two weeks of February. Seeking Alpha author FerdiS provides a rundown in his articles.
Before I provide my predictions for the second half of February, we’ll take a look at how well I did with my predictions from the first half of the month (you can see the original article here):
(All yields are based on stock prices at the market close on Friday, February 14th.)
Results for the 14 Dividend Increase Predictions from the First Half of February
AFLAC (AFL)
Prediction: 3.7 – 5.6% increase to $1.12 - $1.14
Actual: 3.7% increase to $1.12
Forward yield: 2.12%
The insurer hit the low end of my expectations in its 38th year of dividend growth.
Avista (AVA)
Prediction: 2.6 – 5.2%... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
MEREDITH 37.92   0.0 -0.69 2.30 6.53
OLD REPUBLIC INTERNATIONAL 22.80   9.2 2.48 0.80 3.57
3M 170.58   20.6 8.28 5.76 3.41
AVISTA 48.23   16.1 2.99 1.55 3.29
NORTHWESTERN 73.35   17.3 4.25 2.30 3.16
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
COCA-COLA 55.11   33.6 1.64 1.60 2.94
PEPSICO 137.29   15.2 9.02 3.82 2.81
EVERSOURCE ENERGY 82.86   30.6 2.71 2.14 2.61
T. ROWE PRICE GROUP 118.12   14.9 7.95 3.04 2.58
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
MCGRATH RENTCORP 68.50   19.4 3.54 1.50 2.31
NEXTERA ENERGY 220.74   31.7 6.96 5.00 2.29
ALBEMARLE 69.28   13.5 5.12 1.47 2.15
AFLAC 51.47   12.6 4.10 1.08 2.12
THOMSON REUTERS 67.42   9.4 7.19 1.44 2.12
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
COMMERCE BANCSHARES 60.78   16.2 3.75 1.04 1.74
TJX 56.75   22.9 2.48 0.92 1.62
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
RENAISSANCERE 187.30   13.9 13.50 1.36 0.72

MEREDITH - MDP
MEREDITH - MDP  


Older articles featuring Meredith (MDP):
Dividends By The Numbers In April 2020
Dividend Champions For May 2020
6 Dividend Stocks To Buy The First Week Of April
Dividend Champion And Contender Highlights: Week Of March 8
My 19 Best Dividend Ideas For 2020
Dividend Champion And Contender Highlights: Week Of February 23
33 Upcoming Dividend Increases Including S&P Global
The 6 Best Dividend Aristocrats To Buy For 2020
Dividend Champions Analysis: Canadian National Railway Is The Newest Champion
92 Dividend Boosts Announced February 10, 2020

More