Dividend Increases for January 2016

Dividend Increases for January 2016

In an effort to give back to the community, I have decided to document dividend raises (and cuts/suspensions) announced by companies. I will be updating this document on a regular basis, so you can come back and revisit any time for updates. For each of the raises, I have also included links to the respective announcement.

If you have any feedback and suggestions to improve this resource, feel free to share your thoughts below.

Note that this is not an exhaustive list and I have tried to capture as many as I can. There are more companies out there that have raised dividends.

 

You can also view the spreadsheet (for a better view) in a new window here.

Highlights

  • Biggest raises seen from Alaska Air (ALK) (37.5%), Tanger Factory Outlet (SKT) (35%), A O Smith (AOS) (26%), Valero Energy (VLO) (20%) and Canadian National Railway (CNR.TO) (20%)
  • Three dividend suspensions in the energy market. Husky Energy Inc (one of my former holdings. Am I glad I sold that and dont own this stock anymore!), Pengrowth Energy Corp (PGF.TO) (which had already seen its payout reduced from monthly to quarterly payments and just at C$0.01/share for Q4 2015), and Tidewater Inc. The energy industry continues to face pressure and more dividend cuts/suspensions can be expected as companies burn through their cash reserves in the second year of oil market collapse.
  • Midstream and downstream companies are doing well in the energy space seeing some good raises. I was particularly surprised to see a 20% increase from Valero Energy Corp (VLO) and will be taking a closer look at the company in the coming weeks.
  • Potash Corp of Saskatchewan (POT) also faces headwinds and a dividend cut was expected after the yield had reached close to 9%. The company cut its dividend by ~35%. The yield is still high for a company in the commodity market that sees continuing pricing pressure, although the CEO has indicated that no more dividend cuts are planned/necessary. We’ll have to wait and see if that works out POT shareholders.

In our portfolio, we received 4 raises from our holdings:

Hope you had a great month. Did you get any dividend raises in January?

18 thoughts on “Dividend Increases for January 2016

  1. I have 20 shares of POT, while I’m not happy to see the dividend decrease, but it’s probably the best for the company’s balance sheet. Nonetheless, the dividend payout is still skyrocket. I dig the high yield.

    I’m glad you’re starting to post more dividend increase, it’s such a positive service for the dividend community. I thank you!

    • Yeah the POT dividend cut was expected, so Im not surprised. The div yield is still pretty high, so there might be more cuts coming unless the potash market stabilizes.

      Glad you like the resource.
      cheers
      R2R

  2. I only own O, OHI, and HCP which all gave increases. O’s was particularly nice with almost a 4% bump. I’m glad we’re in the new year and get to start seeing more dividend raises again. Nov and Dec were real slow for my portfolio but February is looking to be pretty active with 6-7 expected increases.

    • Always good to get raises from the companies. I look forward to the new year as well – as a majority of my holdings announce div raises now. Second half of the year is pretty slow for raises in my case.
      I think I am expecting 5-6 raises in Feb, so its gonna be a good month 🙂

      R2R

  3. Thanks for documenting buddy. Fastenal is one of our largest holdings, and I was happy to see the raise. It and Union Pacific are some of the only individual stocks we’re buying at the moment, but I am happy to put money to work in these companies. I hope your week is going well. Take care
    -Bryan

    • Realty Income has been a great performer. One big increase in Jan followed by smaller increases each quarter. All that and monthly dividends! What more can an income investor ask for.

      Happy to put this resource together and share with the community.
      cheers
      R2R

  4. Thanks so much for compiling the list, R2R — I know how much work this entails as I write Dividend Increase posts for Seeking Alpha on a regular basis.

    Take care!
    FerdiS

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