Dividend raises & cuts for the month of January 2018 are noted in this article.
109 dividend raises were noted from companies with market cap $2B+.
1 dividend cut was noted from company with market cap $2B+.
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.
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.
January was another great month for dividend raises, as corporations lay out their plans for the year ahead and start sending more cash towards shareholders. Dividend raises were noted from companies such as: 3M Co (MMM), Intel Corp (INTC), Diageo plc (DEO), Yum! Brands (YUM), AFLAC Inc (AFL), Chevron Corp (CVX), Kimberly Clark (KMB), Norfolk Southern Corp (NSC), Canadian National Railway (CNI), Moody’s Corp (MCO), Realty Income Corp (O), Omega Healthcare Investors Inc (OHI), ONEOK Inc (OKE), WEC Energy Group (WEC), Consolidated Edison (ED), BlackRock Inc (BLK), Fastenal Co (FAST), 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 a unique way of representing value, future performance, past performance, financial health and dividends -- all in one single image called Snowflake. I 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 2017.
The Dividend Raises
TCF Financial Corp (TCF)
TCF Financial Corporation (TCF) is a bank holding company. The Company's principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company's consumer-facing businesses.
TCF Financial initiated issuing dividends in 2017 and this is the first raise from the company. The company announced that the quarterly dividends will increase from $0.075 to $0.15.
Dividend Raise: 100%. Forward yield is 2.83%.
TCF has a DIVCON score of 2.
Juniper Networks Inc (JNPR)
Juniper Networks, Inc. designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.
Juniper Networks has paid the same $0.10 per quarter dividend for years and this is the first raise announced by the company. The company announced raising its quarterly dividend from $0.10 to $0.18.
Dividend Raise: 80%. Forward yield is 2.86%.
JNPR has a DIVCON score of 2.
Synovus Financial Corp (SNV)
Synovus Financial Corp. is a financial services company and a bank holding company. The Company provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services, to its customers through locally branded banking divisions of its subsidiary bank, Synovus Bank (the Bank), and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee.
The company announced that the quarterly dividend will be raised from $0.15 to $0.25.
Dividend Raise: 66.6%. Forward yield is 2.05%.
JNPR has a DIVCON score of 4.
Progressive Corp (PGR)
The Progressive Corporation is an insurance holding company. The Company's insurance subsidiaries and affiliates provide personal and commercial automobile and property insurance, other specialty property-casualty insurance and related services. The Company operates through the Personal Lines, Commercial Lines and Property segments.
The company announced that the annual dividend will be raised from $0.681 to $1.1247.
Dividend Raise: 65.15%. Forward yield is 2.16%.
PGR has a DIVCON score of 2.
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.
Peyto Exploration & Development Corp (OTCPK:PEYUF)
Peyto Exploration & Development Corp is a Canada-based energy company. The Company is engaged in acquisition, exploration, development and production of oil and natural gas in Western Canada. Its portfolio of assets includes exploration, exploitation and development opportunities located primarily in the Deep Basin of Alberta. It operates in over three areas, such as the Greater Sundance, Northern Area and Brazeau River areas of Alberta.
The monthly dividend has been reduced from $0.11 to $0.06.
Dividend Cut: 45.45%. Forward yield is 6.82%.
January marked a great start of the year for dividend growth investors as companies lay out the financial plans for the year and start returning more cash to 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 OHI. My full list of holdings is available here.
Disclosure: I am/we are long OHI. 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.
Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.