Johnson & Johnson Dividend Increase

Johnson & Johnson (JNJ) increased its quarterly dividend by 4.20%, from $1.19 to $1.24 per share.

The dividend will be paid on 4 June to shareholders of record on 21 May. The ex-dividend date is 20 May.

JNJ's contribution to DivGro's projected annual dividend income will increase by $15.20 to $376.96.

April 2024 Newsletter

Welcome to the April edition of DivGro 2.0's monthly newsletter!

In February, I strategically adjusted my DivGro portfolio, increasing my investments in stocks with higher dividend growth rates. Stocks with higher dividend growth rates often outperform stocks with higher dividend yields when looking at total returns.

The strategic adjustment involved many buy and sell transactions, and DivGro's projected annual dividend income [PADI] decreased significantly, from $50,499 in January to $45,868 in February. I aim to increase DivGro’s PADI to $48,000 by year’s end and reap the benefits of much higher total returns in the years to come.

I closed one position in March and added shares to three existing positions. DivGro now contains 75 positions, with 68 dividend growth [DG] stocks, three dividend-paying stocks, three closed-end funds [CEFs], and one stock that doesn't pay dividends. DG stocks have dividend increase streaks of five or more years.

Costco Wholesale Dividend Increase

Costco Wholesale (COST) increased its quarterly dividend by 13.73%, from $1.02 to $1.16 per share.

The dividend will be paid on 10 May to shareholders of record on 26 April. The ex-dividend date is 25 April.

COST's contribution to DivGro's projected annual dividend income will increase by $19.60 to $162.40.

Procter & Gamble Dividend Increase

Procter & Gamble (PG) increased its quarterly dividend by 6.99%, from 94.07¢ to $1.0065 per share.

The dividend will be paid on 15 May to shareholders of record on 19 April. The ex-dividend date is 18 April.

PG's contribution to DivGro's projected annual dividend income will increase by $22.32 to $402.60.

ETO Dividend Increase

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (ETO) increased its monthly distribution by 26.13%, from 13.74¢ per share to 17.33¢ per share.

As a result, DivGro's projected annual dividend income [PADI] will increase by $646.20, and ETO's contribution to DivGro's PADI will increase to $3119.40 annually. 

The distribution is payable on 30 April to shareholders of record on 23 April. The ex-dividend date is 22 April.

10 Dividend Growth Stocks: March 2024

In this series, I rank a selection of Dividend Radar stocks and present the 10 top-ranked stocks for further research and possible investment. 

This month, I'm presenting candidates with forward dividend yields above 3% and projected dividend growth rates above 7%.

These screens produce candidates offering solid yields and growth prospects. I own three of the ten candidates in my DivGro portfolio.

JPMorgan Chase Dividend Increase

JPMorgan Chase (JPM) increased its quarterly dividend by 9.52%, from $1.05 to $1.15 per share.

The dividend will be paid on 30 April to shareholders of record on 5 April. The ex-dividend date is 4 April.

JPM's contribution to DivGro's projected annual dividend income will increase by $40 to $460.

March 2024 Newsletter

Welcome to the March edition of my DivGro 2.0 newsletter!

The edition comes in two parts, as I have many more transactions to cover than I normally do. Part 1 covers the February market recap and an overview of my DivGro portfolio, including February's sell transactions. Part 2 covers my February buy transactions and presents this month's top-10 lists of Dividend Radar stocks.

I made a strategic adjustment to my portfolio in February, which required many more trades to execute than I normally do in a month. I increased my investments in stocks with higher dividend growth rates and lower dividend yields.

Realty Income Dividend Increase

Realty Income (O) increased its monthly dividend by 0.19%, from 25.65¢ to 25.7¢ per share.

The dividend will be paid on 15 April to shareholders of record on 1 April. The ex-dividend date is 29 March.

O's contribution to DivGro's projected annual dividend income will increase by $3 to $1,542.

GD Dividend Increase

General Dynamics (GD) increased its quarterly dividend by 7.58%, from $1.32 to $1.42 per share.

The dividend will be paid on 10 May to shareholders of record on 12 April. The ex-dividend date is 11 April.

GD's contribution to DivGro's projected annual dividend income will increase by $40 to $568.

QCOM Dividend Increase

Qualcomm (QCOM) increased its quarterly dividend by 6.25%, from 80¢ to 85¢ per share.

The dividend increase will be effective for quarterly dividends payable after March 21, 2024.

QCOM's contribution to DivGro's projected annual dividend income will increase by $20 to $340.

Why Invest in Low Dividend Yield Stocks?

As a Dividend Growth Investor, I almost exclusively invest in dividend growth stocks with dividend increase streaks of five years or more. Dividend Radar is a free, weekly auto-generated spreadsheet of such stocks.

I believe in a healthy mix of higher-yielding (HiY) stocks and stocks with higher dividend growth rates (HiG stocks) as measured by the 5-year dividend compound annual growth rate, or 5-year DGR for short.

In the past few years, my DivGro portfolio's balance of HiY and HiG positions has shifted towards HiY stocks. To restore a healthier mix of HiY and HiG stocks, I recently closed several HiY positions and increased my investments in HiG stocks with lower yields. As a result, my annual dividend income decreased significantly, but I believe my total return prospects have vastly improved.

SRE Dividend Increase

Sempra (SRE) increased its quarterly dividend by 4.20%, from 59.5¢ to 62¢ per share.

The dividend will be paid on 15 April to shareholders of record on 21 March. The ex-dividend date is 20 March.

SRE's contribution to DivGro's projected annual dividend income will increase by $30 to $744.

HD Dividend Increase

Home Depot (HD) increased its quarterly dividend by 7.66%, from $2.09 to $2.25 per share.

The dividend will be paid on 21 March to shareholders of record on 7 March. The ex-dividend date is 6 March.

HD's contribution to DivGro's projected annual dividend income will increase by $64 to $900.

I own 100 shares of HD at an average cost basis of $224.26 per share. Following this increase, my yield on cost is 4.01%. (HD's forward yield is 2.42% at $371.96 per share). 

HD became DivGro's 40^th Home Run stock in November 2021, when the stock doubled my original capital outlay.

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10 Dividend Growth Stocks: February 2024

After taking a break in January, I'm back with another edition of my monthly series, 10 Dividend Growth Stocks! 

In this series, I rank a selection of Dividend Radar stocks and present the 10 top-ranked stocks for further research and possible investment. 

This month, I'm presenting candidates with high earnings, revenue, and dividend growth rates trading at favorable valuations.

Additionally, the stocks all have 5-year trailing total returns above 10%. 

NEE Dividend Increase

NextEra Energy (NEE) increased its quarterly dividend by 10.16%, from 46.75¢ to 51.5¢ per share.

The dividend will be paid on 15 March to shareholders of record on 27 February. The ex-dividend date is 26 February.

NEE's contribution to DivGro's projected annual dividend income will increase by $76 to $824.

I own 400 shares of NEE at an average cost basis of $59.57 per share. Following this increase, my yield on cost is 3.46%. (NEE's forward yield is 3.61% at $57.03 per share). 

NEE became DivGro's 28^th Home Run stock in January 2021, when the stock doubled my original capital outlay.

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KO Dividend Increase

Coca-Cola (KO) increased its quarterly dividend by 5.43%, from 46¢ to 48.5¢ per share.

The dividend will be paid on 1 April to shareholders of record on 15 March. The ex-dividend date is 14 March.

KO's contribution to DivGro's projected annual dividend income will increase by $20 to $388.

I own 200 shares of KO at an average cost basis of $41.28 per share. Following this increase, my yield on cost is 4.70%. (KO's forward yield is 3.27% at $59.39 per share). 

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CSCO Dividend Increase

Cisco Systems (CSCO) increased its quarterly dividend by 2.56%, from 39¢ to 40¢ per share.

The dividend will be paid on 24 April to shareholders of record on 4 April. The ex-dividend date is 3 April.

CSCO's contribution to DivGro's projected annual dividend income will increase by $12 to $480.

I own 300 shares of CSCO at an average cost basis of $41.45 per share. Following this increase, my yield on cost is 3.86%. (CSCO's forward yield is 3.30% at $48.44 per share). 

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PEG Dividend Increase

Public Service Enterprise (PEG) increased its quarterly dividend by 5.26%, from 57¢ to 60¢ per share.

The dividend will be paid on 29 March to shareholders of record on 8 March 8. The ex-dividend date is 7 March.

PEG's contribution to DivGro's projected annual dividend income will increase by $36 to $720.

I own 300 shares of PEG at an average cost basis of $59.80 per share. Following this increase, my yield on cost is 4.01%. (PEG's forward yield is 4.01% at $59.79 per share). 

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February 2024 Newsletter

Welcome to the February edition of my DivGro 2.0 newsletter!

This edition includes a quick market recap and a review of my DivGro portfolio as of 31 January 2024. 

In January, I opened three new positions and added shares to two existing positions. Additionally, I closed one position and reduced my holdings in four positions. Eight DivGro stocks announced dividend increases in January. The net result of these changes is that DivGro's projected annual dividend income [PADI] increased by about 4.0% in January. Year over year, PADI increased by 8.8%.

PEP Dividend Increase

PepsiCo (PEP) increased its quarterly dividend by 7.11%, from $1.265 to $1.355 per share.

The increased dividend is payable with the dividend expected to be paid in June 2024.

PEP's contribution to DivGro's projected annual dividend income will increase by $36 to $542.

I own 100 shares of PEP at an average cost basis of $149.83 per share. Following this increase, my yield on cost is 3.62%. (PEP's forward yield is 3.23% at $167.67 per share). 

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ICE Dividend Increase

Intercontinental Exchange (ICE) increased its quarterly dividend by 7.14%, from 42¢ to $45¢ per share.

The dividend is payable on 29 March to shareholders of record on 15 March. The ex-dividend date is 14 March.

ICE's contribution to DivGro's projected annual dividend income will increase by $12 to $180.

I own 100 shares of ICE at an average cost basis of $93.61 per share. Following this increase, my yield on cost is 1.92%. (ICE's forward yield is 1.33% at $135.49 per share). 

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TSCO Dividend Increase

Tractor Supply (TSCO) increased its quarterly dividend by 6.80%, from $1.03 to $1.10 per share.

The dividend is payable on 12 March to shareholders of record on 26 February. The ex-dividend date is 23 February.

TSCO's contribution to DivGro's projected annual dividend income will increase by $21.00 to $330.00.

I own 75 shares of TSCO at an average cost basis of $206.08 per share. Following this increase, my yield on cost is 2.14%. (TSCO's forward yield is 1.87% at $235.08 per share). 

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CVX Dividend Increase

Chevron ($CVX) increased its quarterly dividend by 7.95%, from $1.51 to $1.63 per share.

The dividend is payable on 11 March to shareholders of record on 16 February. The ex-dividend date is 15 February.

CVX's contribution to DivGro's projected annual dividend income will increase by $72 to $978.

I own 150 shares of CVX at an average cost basis of $93.67 per share. Following this increase, my yield on cost is 6.96%. (CVX's forward yield is 4.29% at $151.96 per share). 

CVX became DivGro's 44^th Home Run stock in June 2022, when the stock doubled my original capital outlay.

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TROW Dividend Increase

T. Rowe Price ($TROW) increased its quarterly dividend by 1.64%, from $1.22 to $1.24 per share.

The dividend is payable on 28 March to shareholders of record on 15 March. The ex-dividend date is 14 March.

TROW's contribution to DivGro's projected annual dividend income will increase by $12.00 to $744.00.

I own 150 shares of TROW at an average cost basis of $88.49 per share. Following this increase, my yield on cost is 5.61%. (TROW's forward yield is 4.52% at $109.70 per share). 

TROW became DivGro's 30^th Home Run stock in January 2021, when the stock doubled my original capital outlay.

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