Monday, May 7, 2012

Dividend Increases for My Portfolio

In the time since I started my portfolio I've had several stocks announce dividend increases.




Dividend Increases
Company Old Quarterly Dividend Newest Quarterly Dividend % Increase
Bank of America (BAC) $0.01 $0.01 0.00%
Waste Management (WM) $0.340 $0.355 4.41%
Wells Fargo (WFC) $0.12 $0.22 83.33%
SORL Auto Parts (SORL) -- -- --
Pfizer $0.20 $0.22 10.00%
EOG Resources (EOG) $0.16 $0.17 6.25%
ConocoPhillips (COP)* $0.66 $0.66 0.00%
Coca-Cola (KO) $0.47 $0.51 8.51%
Procter & Gamble (PG) $0.525 $0.562 7.05%
McDonalds (MCD) $0.61 $0.70 14.75%
AT&T (T) $0.43 $0.44 2.33%
Intel (INTC) $0.21 $0.21 0.00%
Alcoa (AA) $0.03 $0.03 0.00%
Halliburton (HAL) $0.09 $0.09 0.00%
Tower Group (TWGP) $0.13 $0.1875 44.23%
JP Morgan Chase (JPM) $0.25 $0.30 20.00%
Average of Increases -- -- 20.09%
Average of All -- -- 13.39%

This table shows the value of investing in dividend growth companies. Despite 6 of my 16 current holdings between my brokerage and Roth IRA not increasing yet, I have still received an average pay raise of 13.39%. I expect the rest will continue their past of dividend growth but we're just not at their usual increase date yet. I know it's a little skewed this year because of the large increases from 3 of my financial holdings but it is what it is.

*I don't expect a dividend increase prior to the completion of the spinoff. However, management has stated that they will keep the $0.66 quarterly dividend for the Conoco stock and that the Phillips 66 spinoff company will have an initial dividend of $0.20 per quarter with planned annual increases of 5%.

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