Dividend Increases For 2017


Being a dividend investor has two major advantages, first of all you do not rely that much on the changes of the share price and when the stock price is on a very low level you just collect the dividends and maybe take advantage of the low share price and buy even more stocks. As I mentioned already since I have started to invest in dividend stocks I have not experienced one dividend cut so far and this time the following companies have increased their dividends:

  • PEP: Yearly dividend from 3.01 to 3.22 USD 6.98% increase, this is the 44th year with a dividend increase. PEP is now yielding at 2.83% based on a current share price of 113.75 USD.
  • CMI: Yearly dividend from 4.10 to 4.32 USD 5.37% increase, this is the 7th year with a dividend increase. CMI is now yielding at 2.62% based on a current share price of 164.95 USD.
  • TGT: Yearly dividend from 2.40 to 2.48 USD 3.33% Increase, this is the 49th year with a dividend increase. TGT is now yielding at 4.93% based on a current share price of 50.31 USD.
  • GIS: Yearly dividend from 1.92 to 1.96 USD 2.08% Increase, this is the 13th year with a dividend increase. GIS is now yielding at 3.66% based on a current share price of 53.62 USD.
  • In general all four dividend increases were solid ones and not really spectacular. But in the cases of GIS and TGT I did not expect a large dividend increase, based on their current business development. I think it is even better when the management acts responsibly when their business is struggling a little bit. In the case of PEP, the increase is also OK especially as it is the 44th one in a row. There we can not expect increases that large anymore.
    I was expecting a little more from CMI but the 5.37% is better than nothing.

    Based on the numbers of shares I have of each company and the already published dividend increases it makes now an average dividend increase of 4.41%, which is behind my goal of 7.5%. But I am looking forward to seeing the remaining dividend increases this year  from MO, T, VZ and some others still have not announced their dividend increases for this year.

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