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5 Dividend Increases Expected In October 2020

Published Mon, 05 Oct 2020 23:55:26 -0400 on Seeking Alpha

Seeking AlphaDividend Quick Picks5 Dividend Increases Expected In October 2020Oct. 5, 2020 11:55 PM ET|| Includes: AEP, AXP, GIS, IRM, LMT, MCD, MPC, MSFT, O, PM, ROK, SBUX, TXN, V, VFC, VZby: Dividend DiplomatsDividend Diplomats Large-cap, Dividend Investing, Dividend Growth Investing, ValueDividend Diplomats .cls-1{fill:#024999;}SummaryWe are building our dividend income, which is the EASIEST form of passive income, to cover our monthly expenses.
Lockheed has now increased the dividend for 18 consecutive years. The company is closing in on becoming a Dividend Aristocrat.
Marathon shocked investors when the company announced a reinstated dividend of $.03 per share.
Another month is in the books. We are now in the final quarter of 2020, the craziest investing year of my career! Luckily, the third quarter was filled with plenty of dividend increases. For those of you that are new followers, each month we summarize the dividend increases from the previous month and predict the ones set to be announced in the next month. Now, sit down, grab a cup of coffee, and read about the dividend increases expected in October 2020.
Why Do We Care About Dividend Increases? Dividend increases are the foundation of our financial freedom plan. We are building our dividend income, which is the easiest form of passive income, to cover our monthly expenses. A key component of this strategy is investing in companies that increase their dividend annually. Why? We want our dividend income stream to grow! After all, who doesn't?
That is why we are constantly scouring the newswire for dividend increases. We keep a close eye on key announcements whether we own the company or not. It is a practice the two of us love and are always discussing with each other. It helps us identify potentially undervalued dividend stocks to purchase too!
Once we find a potential dividend investment, we use the Dividend Stock Screener to determine if this is a stock to buy. The stock screener uses three... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
IRON MOUNTAIN 34.14   28.4 1.20 2.44 7.29
PHILIP MORRIS INTERNATIONAL 74.90   14.9 5.03 4.68 6.12
VERIZON COMM 60.43   15.8 3.83 2.46 4.04
MARATHON PETROLEUM 53.19   11.5 4.62 2.12 3.89
REALTY INCOME 74.49   56.9 1.31 2.72 3.69
GENERAL MILLS 54.09   18.6 2.90 1.96 3.59
AMERICAN ELECTRIC POWER 92.02   23.0 4.00 2.68 2.94
TEXAS INSTRUMENTS 130.22   23.8 5.47 3.08 2.42
ROCKWELL AUTOMATION 166.13   19.4 8.54 3.88 2.37
LOCKHEED MARTIN 386.63   18.8 20.52 8.80 2.31
MCDONALDS 212.15   27.9 7.61 4.64 2.21
VF CORP 90.35   31.6 2.86 1.72 1.91
STARBUCKS 92.06   32.6 2.82 1.44 1.59
MICROSOFT 137.52   27.1 5.07 1.84 1.35
AMERICAN EXPRESS 119.02   14.8 8.07 1.56 1.33
VISA 177.98   34.2 5.21 1.00 0.57


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