Recent Dividend Increases

DivGrowthInfo The birth of our baby girl has kept me busy over the past few weeks. As such, I missed capturing the dividend increase announcements. Instead of posting each increase separately, I will capture the increase announcements in a single post here – for the sake of easier documentation.

On April 26, 2016 Wells Fargo & Co (WFC) announced a 1.33% dividend raise. The quarterly dividend increases from $0.375 to $0.38. The new dividend amount is payable Jun 1, 2016 to shareholders on record on May 6, 2016.

On April 26, 2016 Apple Inc (AAPL) announced a 9.62% dividend raise. The quarterly dividend increases from $0.52 to $0.57. The new dividend amount is payable May 12, 2016 to shareholders on record on May 9, 2016.

On April 27, 2016 The Jean Coutu Group (PJC.A.TO) announced a 9.09% dividend raise. The quarterly dividend increases from C$0.11 to C$0.12. The new dividend is payable May 27, 2016 to shareholders on record on May 13, 2016.

On April 28, 2016 Johnson & Johnson (JNJ) announced a 6.67% dividend raise. The quarterly dividend increases from $0.75 to $0.80. The new dividend amount is payable Jun 7, 2016 to shareholders on record on May 24, 2016.

On May 3, 2016 Cineplex Inc (CGX.TO) announced a 3.85% dividend raise. The monthly dividend increases from C$0.13 to C$0.135. The new dividend is effective May and will be paid in June 2016.

On May 12, 2016 Algonquin Power & Utilities Corp (AQN.TO) announced a 9.97% dividend raise. The quarterly dividend increases from US$0.0963 to C$0.1059. The new dividend is payable Jul 15, 2016 to shareholders on record on Jun 30, 2016.

On May 13, 2016 Power Corporation of Canada (POW.TO) announced a 7.63% dividend raise. The quarterly dividend increases from C$0.31125 to C$0.3350. The new dividend is payable Jun 30, 2016 to shareholders on record on Jun 9, 2016.

Be sure to check out Dividend Growth Info for regular weekly updates and follow DivGrowthInfo on Twitter for all dividend growth increase announcements.

Full Disclosure: Long all stocks mentioned above.

Recent Buy – Johnson & Johnson

JNJ

Another purchase in my portfolio to close out this quarter. I added to my position in Johnson & Johnson (JNJ) with 15 shares @ $98.50. The stock yields 3.05% adding $45 to my annual dividend income.

Recent Buy Decision

  • Johnson & Johnson barely needs an introduction as it is one of the best known brand names in the world. The company is a well diversified healthcare giant with three major segments – pharmaceuticals, medical devices and consumer goods.
  • A global giant, sees revenue diversification breakdown of: 45% from US, 26% from EU, 18% from Asia-Pacific, and 10% from the rest of the world
  • JNJ came under a lot of pressure in 2014 with record recalls and lawsuits. As expected, JNJ has turned things around and the company now runs more efficiently with better QA in order to avoid similar mistakes.
  • One of only three companies having a AAA rating from S&P (the other two being Microsoft (MSFT) and Exxon-Mobil (XOM))
  • My healthcare diversification had shrunk – with only Amgen Inc (AMGN) making my other healthcare exposure. I decided to add here as the sector is recession-proof and is seeing robust inflation
  • JNJ expects to launch 10 new drugs by 2019, each with a $1B potential
  • A dividend champion, with 53 consecutive years of dividend raises, and 31 consecutive years of adjusted earnings increases

Continue reading

Johnson & Johnson (JNJ) Dividend Increase

JNJ
Johnson & Johnson (JNJ) announced a 7.1% increase in its cash dividend. The quarterly cash dividend will increase from $0.70 to $0.75 per share and payable on Jun 9, 2015 to shareholders on record as of May 26, 2015 and ex-div date of May 21st. The annual dividend rate goes up from $2.80 to $3.00. Yield going forward is 3%.

In recognition of our 2014 results, strong financial position and confidence in the future of Johnson & Johnson, the Board has voted to increase the quarterly dividend for the 53rd consecutive year“, said Alex Gorsky, Chairman and Chief Executive Officer of the company.

 My portfolio consists of 15 shares of JNJ, which increases my annual dividends from $42 to $45, an increase of $3.

 

Johnson & Johnson (JNJ) Dividend Stock Analysis

JNJ

Johnson & Johnson (JNJ) is a leader in the pharmaceutical, medical device and consumer products industries. A household name company, JNJ runs a globally diversified business with mature business segments. A dividend payer and grower for 52 years, the company has made a lot of investors very rich and happy over the decades. As the global population ages, the demand for healthcare rises significantly and companies such as JNJ stand to benefit handsomely. This article evaluates the financials and presents a complete dividend stock analysis of Johnson & Johnson.

Continue reading here >

Johnson & Johnson (JNJ) Dividend Increase

Johnson & Johnson (JNJ) announced that its quarterly dividend will be raised by 6.1% from $0.66 per share to $0.70 per share. This dividend increase is the company’s 52nd consecutive annual increase. The new dividend is scheduled to be paid on Jun 10, 2014 to shareholders on record as of May 27, 2014, and ex-div date of May 22, 2014. The new dividend rate results in an annualized yield of 2.79% based on JNJ’s current stock price.

 

My portfolio consists of 15 shares of Johnson & Johnson, which increases my annual dividend raise from $39.60 to $42. My yield-on-cost is 3.26%.