Dividend Income Progress
- American Electric Power (AEP) provided a 5.7% increase (ex-div 11/6). Not really too bad for a utility stock. I’ll take it.
- Emerson Electric (EMR) provided a 1.1% increase (ex-div 11/3). EMR is a bit of a troubled company at the moment. Yup, it’s cyclical, but this is a pretty lousy increase. This company is now “on the bench”. Another increase like that and I will strongly consider selling. It has an extremely dependable dividend history, and I think it’s fair to give it some time to turn around. EMR seems inclined to keep their payout ratio below the 50-ish mark. If earnings don’t improve, I suspect I won’t see much in the way of dividend increases. That might take a couple years. We shall see.
- Microsoft (MSFT) bumped it up nicely by providing a 16.1% increase (ex-div 11/17)
- McDonald’s (MCD) came through with a pretty subdued, but not horrible, increase of 4.7% (ex-div 11/27). They’re trying to make some changes, so I’ll give them some time.
- Add to Ventas (VTR): On 11/09, I added to our Ventas holdings at just under $50 and a 5.84% current yield. Ventas was taken from about 1% weight to just over 3%. The blog entry on this purchase can be found here.
2015 YTD forward dividend income (through November)
- Stock purchases have added 20.12% to our forward dividend income
- Dividend increases have added 4.88% to our dividend income. This is a bit disappointing, I must admit. This has not been a good year for dividend growth. I have experienced dividend freezes and/or very small increases for several stocks. Hopefully, this is not a harbinger of things to come. Either way, I continue watching for stocks that might provide better dividend growth.
- Stock sales have decreased forward income by 5.71%
- Overall, our YTD forward dividend income increase is 19.28%.
- Month over month, dividend income was up 13.92% over November 2014
- Year to date through November, dividend income was up 40.24% compared to last year.
Are you having better luck with dividend growth? What are you buying (or not) these days? Thanks for reading.