Dividend growth investing is a popular model followed by the investing community to build assets. Companies which not only pay dividends, but raise them year after year have been shown to perform better overall for investor returns. A big part of this involves capturing the details.
As part of my due diligence, I closely monitor all companies that raise dividends (or cut them) and this article shares the dividend amount changes announced by companies.
Note that only companies with a market cap of $2B+ are included, as the list of small/micro cap companies is too long to include here.
November dividend raises and cuts can be found here.
Raises and cuts from previous months (starting Jan. 2016) can be found in this document.
New Resource: If you are interested in getting regular updates on dividend raises and cuts, be sure to follow Dividend Growth Info.
November was another great month for dividend raises. Dividend raises were noted from companies such as: Walt Disney Co (NYSE:DIS), Nucor Corp (NYSE:NUE), McCormick & Company Inc (NYSE:MKC), Merck & Co Inc (NYSE:MRK), Hormel Foods (NYSE:HRL), Becton Dickinson & Co (NYSE:BDX), Nike Inc (NYSE:NKE), Brown-Forman Corp (NYSE:BF.A), Union Pacific Corp (NYSE:UNP), Sysco Corp (NYSE:SYY), NVIDIA Corp (NASDAQ:NVDA), AmerisourceBergen Corp (NYSE:ABC), Silver Wheaton Corp (SLW), Telus Corp (NYSE:TU), Starbucks Corp (NASDAQ:SBUX), Emerson Electric (NYSE:EMR), and many more.
Data Visualization by Simply Wall St.
Images used in this article are from Simply Wall St, a financial visualization tool that has an ingenius way of representing value, future performance, past performance, financial health and dividends -- all in one single image called Snowflake. I recently posted a review of Simply Wall St where I explain the features. If you are unfamiliar with the tool, be sure to check out the review. However, the images used below are fairly intuitive to understand.
The following lists the highest raises and cuts from the month of November 2016.
The Dividend Raises
Drew Industries Inc (DW)
Drew Industries Incorporated manufactures and supplies components for the manufacturers of recreational vehicles and manufactured homes in the United States. The company operates through two segments, Recreational Vehicle Products (RV) and Manufactured Housing Products (MH). Drew Industries Incorporated was founded in 1962 and is based in Elkhart, Indiana.
Drew Industries started issuing dividends in 2016 and straight off the bat, has started raising them. The company announced that the quarterly dividends will increase from $0.30 to $0.50.
Dividend Raise: 66.67%. Forward yield is 1.93%.
Click here for full DW profile on Simply Wall St.
Lam Research Corp (NASDAQ:LRCX)
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing systems used in the fabrication of integrated circuits. Lam Research Corporation was founded in 1980 and is headquartered in Fremont, California.
The company has paid dividends since 2014 and has been raising each year since. The quarterly dividend will be raised from $0.30 to $0.45.
Dividend Raise: 50%. Forward yield is 1.79%.
Click here for full LRCX profile on Simply Wall St.
CDW Corp (NASDAQ:CDW)
CDW Corporation distributes information technology (NYSE:IT) solutions in North America and the United Kingdom. It operates in two segments, Corporate and Public. It serves government, education, and healthcare customers, as well as small, medium, and large businesses. The company was founded in 1984 and is based in Lincolnshire, Illinois.
CDW has been issuing dividends since 2013 and raising every year since. CDW announced a quarterly dividend increase from $0.1075 to $0.16.
Dividend Raise: 48.84%. Forward yield is 1.21%.
Click here for full CDW profile on Simply Wall St.
D.R. Horton Inc (NYSE:DHI)
D.R. Horton, Inc. operates as a homebuilding company. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 78 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Regent Homes, Crown Communities, and Pacific Ridge Homes.
After a break in dividends, D.R.Horton restarted issuing dividends in 2014. Since then, the company has been raising dividends every year. The company announced a quarterly dividend increase from $0.08 to $0.10.
Dividend Raise: 25%. Forward yield is 1.47%.
Click here for full DHI profile on Simply Wall St.
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. As of November 3, 2016, the company operated 25,085 stores. Starbucks Corporation was founded in 1985 and is based in Seattle, Washington.
Starbucks Corp is a Dividend Challenger having raised dividends for 7 consecutive years. The 1-, 3-, and 5-yr dividend compound annual growth rates are 23.6%, 23.6%, and 30.5% respectively. The company announced a quarterly dividend increase from $0.20 to $0.25.
Dividend Raise: 25%. Forward yield is 1.75%.
Click here for full SBUX profile on Simply Wall St.
The Dividend Cuts
As much as we like to see higher profits from our investments, it is also important to keep an eye on the dividend cuts. Keeping an eye on the cuts gives us a window to view the corporate world and spot overall trends.
HCP Inc (NYSE:HCP)
HCP, Inc. is an independent hybrid real estate investment trust. The fund invests in real estate markets of the United States. It primarily invests in properties serving the healthcare industry including sectors of healthcare such as senior housing, life science, medical office, hospital and skilled nursing. HCP, Inc. was formed in 1985 and is based in Irvine, California.
HCP has a long history of dividend raises. However, the ongoing problems with HCRManor and other issues resulted in the company announcing selling some properties to Blackstone Group & Brookdale in addition to spinning off Quality Care Properties (NYSE:QCP). The company's quarterly dividend is reduced from $0.575 to $0.37.
Dividend Cut: 35.65%. Forward yield is 5.09%.
Click here for full HCP profile on Simply Wall St.
Melco Crown Entertainment (MPEL)
Melco Crown Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia. Melco Crown Entertainment Limited was incorporated in 2004 and is headquartered in Central, Hong Kong.
This is the second dividend cut from MPEL in 2016. The company's quarterly dividend is reduced from $0.0189 to $0.0126.
Dividend Cut: 33.33%. Forward yield is 0.27%.
Click here for full MPEL profile on Simply Wall St.
Terra Nitrogen Company LP (NYSE:TNH)
Terra Nitrogen Company, L.P. produces nitrogen fertilizer products in the United States. It primarily offers anhydrous ammonia and urea ammonium nitrate solutions for farmers to enhance the yield and quality of their crops. The company sells its fertilizer products to an affiliate of Terra Nitrogen GP Inc. Terra Nitrogen GP Inc. serves as the general partner of the company. Terra Nitrogen Company, L.P. was founded in 1991 and is based in Deerfield, Illinois. Terra Nitrogen Company, L.P. is a subsidiary of Terra LP Holdings, LLC.
The company's quarterly dividend is reduced from $2.58 to $1.77.
Dividend Cut: 31.40%. Forward yield is 6.65%.
Click here for full TNH profile on Simply Wall St.
November was another great month for dividend growth investors as companies announced dividend raises. All round, some great dividend raises from various sectors of the economy. These dividend raises provide us a window to the corporate world and the economy as the companies share increased profit with shareholders. Investors should do their own due diligence before investing in any of the companies mentioned. Did you get any raises from the stocks mentioned?
Full Disclosure: Long SBUX . My full list of holdings is available here.
Disclosure: I am/we are long SBUX.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.