Friday, February 26, 2016

Dividend Raises & Cuts - Week of Feb 22, 2016

This post captures the announcements of dividend increases and cuts for the week. Note that only $2B+ (Midcap+) companies are included in this list.

Following companies announced dividend increases this week

Following companies announced dividend cuts this week

Tuesday, February 23, 2016

Home Depot Raises Dividend 16.95%

The Home Depot (HD) announced a dividend raise of 16.95%, its 7th consecutive dividend increase announcement.

The Company today announced that its board of directors declared a 16.95 percent increase in its quarterly dividend to $0.69 per share. "As a testament to our commitment to create value for our shareholders, the board has increased the dividend for the seventh consecutive year," said Craig Menear, chairman, CEO and president.

The dividend is payable on March 24, 2016, to shareholders of record on the close of business on March 10, 2016. This is the 116th consecutive quarter the Company has paid a cash dividend.

Combined with today's announcements, the Company reiterated its capital allocation principles:
  • Dividend Principle: Targeting a dividend payout ratio of approximately 50 percent of net earnings.
  • Share Repurchase Principle: After meeting the needs of the business, use excess cash to repurchase shares, with the intent of completing its remaining $11.0 billion share repurchase authorization by the end of fiscal 2017.
  • Return on Invested Capital Principle: Maintain a high return on invested capital, with a goal of reaching 35 percent by the end of fiscal 2018.
Read the full press release statement here.

Friday, February 19, 2016

Dividend Raises & Cuts - Week of Feb 15, 2016

This post captures the announcements of dividend increases and cuts for the week. Note that only $2B+ (Midcap+) companies are included in this list.

Following companies announced dividend increases this week
  • Autoliv Inc. (ALV) raised its dividend 3.57%
  • Genuine Parts Company (GPC) raised its dividend 6.91%
  • Jack Henry & Associates, Inc. (JKHY) raised its dividend 12.00%
  • Perrigo Company plc Ordinary Shares (PRGO) raised its dividend 16.00%
  • Public Service Enterprise Group Inc. (PEG) raised its dividend 5.13%
  • Questar Corporation (STR) raised its dividend 4.76%
  • Analog Devices, Inc. (ADI) raised its dividend 5.00%
  • Coca-Cola Enterprises Inc (CCE) raised its dividend 7.14%
  • Weingarten Realty Investors (WRI) raised its dividend 5.80%
  • Terex Corporation (TEX) raised its dividend 16.67%
  • PS Business Parks Inc (PSB) raised its dividend 25.00%
  • NRG Yield, Inc. Class C (NYLD) raised its dividend 4.65%
  • Sherwin-Williams Co (SHW) raised its dividend 25.37%
  • T. Rowe Price Group Inc (TROW) raised its dividend 3.85%
  • Xcel Energy Inc (XEL) raised its dividend 6.25%
  • Foot Locker, Inc. (FL) raised its dividend 10.00%
  • KAR Auction Services Inc (KAR) raised its dividend 7.41%
  • Digital Realty Trust, Inc. (DLR) raised its dividend 3.53%
  • National Health Investors Inc (NHI) raised its dividend 5.88%
  • The Coca-Cola Co (KO) raised its dividend 6.06%
  • Wal-Mart Stores, Inc. (WMT) raised its dividend 2.04%
  • SCANA Corporation (SCG) raised its dividend 5.50%
  • Boardwalk REIT (BEI.UN) raised its dividend 10.29%
  • Scripps Networks Interactive, Inc. (SNI) raised its dividend 8.70%
  • Equinix Inc (EQIX) raised its dividend 3.55%
  • Anthem Inc (ANTM) raised its dividend 4.00%
  • Essex Property Trust Inc (ESS) raised its dividend 11.11%
  • Flowserve Corp (FLS) raised its dividend 5.56%
  • Telstra Corporation Ltd (ASX:TLS) raised its dividend 3.33%
  • Telephone & Data Systems, Inc. (TDS) raised its dividend 4.96%
  • B/E Aerospace Inc (BEAV) raised its dividend 10.53%
  • Enbridge Inc (ENB.TO) raised its dividend 13.98%
  • St. Jude Medical, Inc. (STJ) raised its dividend 6.90%
  • Sempra Energy (SRE) raised its dividend 7.86%
  • RenaissanceRe Holdings Ltd. (RNR) raised its dividend 3.33%
Following companies announced dividend cuts this week
  • Anglo American plc (AAL.L) cut its dividend 100.00%
  • Devon Energy Corp (DVN) cut its dividend 75.00%
  • Dream Office Real Estate Investment Trst (D.UN) cut its dividend 32.80%
  • Yamana Gold Inc. (YRI.TO) cut its dividend 66.67%

WalMart Stores Inc Raises Dividend 2.04%

The Board of Directors of Wal-Mart Stores, Inc. (NYSE: WMT) approved an annual cash dividend for fiscal year 2017 of $2.00 per share, an increase of two percent from the $1.96 per share paid for the last fiscal year. The fiscal year 2017 annual dividend of $2.00 per share will be paid in four quarterly instalments of $0.50 per share, according to the following record and payable dates:

“We’ve had a long history of returns to shareholders, and we’re pleased to continue building on that by raising our annual dividend for the 43rd consecutive year,” said Brett Biggs, chief financial officer at Walmart. “We are proud of our performance, strong balance sheet and consistent cash flow that enables us to generate significant returns to shareholders while investing for the future to improve our stores, innovate through new initiatives and strengthen digital relationships with our customers.”

This is WalMart Stores' 43rd consecutive dividend increase to date.

Thursday, February 18, 2016

Coca Cola Raises Dividend 6.06%

The Board of Directors of The Coca-Cola Company today approved the Company's 54th consecutive annual dividend increase, raising the quarterly dividend 6 percent from 33 cents to 35 cents per common share. This is equivalent to an annual dividend of $1.40 per share, up from $1.32 per share in 2015. The first quarterly dividend is payable April 1, 2016, to shareowners of record as of March 15, 2016.
The increase reflects the Board's confidence in the Company's long-term cash flow. The Coca-Cola Company returned $5.7 billion in dividends to shareowners in 2015, bringing the total amount to $29 billion given back to shareowners through dividends since Jan. 1, 2010.
The Board today also elected Brent Hastie, Craig Williams and Julie Hamilton as Senior Vice Presidents of the Company, effective immediately.

Wednesday, February 17, 2016

T Rowe Price Raises Dividend 3.85%

T Rowe Price Group Inc (TROW) announced today that its Board of Directors has declared a quarterly dividend of $0.54 per share payable March 30, 2016 to stockholders of record as of the close of business on March 16, 2016. The quarterly dividend rate represents a 3.85% increase over the previous quarterly dividend rate of $0.52 per share. This will mark the 30th consecutive year since the firm's initial public offering that the company will have increased its regular annual dividend.

Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. ( is a global investment management organization with $763.1 billion in assets under management as of December 31, 2015. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.

Tuesday, February 16, 2016

Anglo American Suspends Dividend

The mining giant Anglo American plc (AAL.L) suspended its dividend after posting $5.5B loss. The company also announced that it would be cutting 60% of its workforce.

From the statement: 
Mark Cutifani, Chief Executive of Anglo American, said "We are taking decisive action to sustainably improve our cash flows and materially reduce net debt, while focusing on our most competitive assets.
"We have detailed a series of measures, including $1.9 billion of additional EBIT benefits from cost and productivity improvements to deliver positive free cash flow in 2016 and beyond, and an additional $3-4 billion in asset disposal proceeds. As a result, we are targeting net debt of less than $10 billion in 2016, assuming current commodity prices and exchange rates. In the medium term, we are targeting net debt of $6 billion, supporting a return to a solid investment grade credit rating.
"We of course recognise the current challenging environment in which to deliver disposals. We are already engaged with parties interested in several of our assets, but we will only complete those transactions which deliver appropriate value for our investors. So, while we have accelerated our disposal processes, and given our targeted positive free cash flow and our robust liquidity position, we will take appropriate time to secure value outcomes from the disposal programme.
"Our core portfolio creates a highly attractive, competitive and well balanced business, with the leverage of scale, technical expertise and mineral endowment options, which offer considerable upside potential over the long term. By taking such action, we create a Group that will also be significantly stronger in the short term - it will be streamlined, focused, with lower overhead and indirect costs and positioned to deliver robust profitability and cash flows through the cycle.
"We will focus our portfolio on our global leadership positions in diamonds and platinum group metals and our world-class position in copper. This unique combination of assets, enhanced by our commercial marketing expertise, will have the advantage of benefiting from the ongoing shift away from infrastructure investment towards consumer-driven demand, positioning Anglo American for these expanding markets. We will manage our other assets, in bulk commodities and other minerals, for cash generation or disposal over time.
"This is a period of considerable change in Anglo American's long history of evolution and I appreciate the support of all our employees and stakeholders in helping to deliver the sustainable value that we all demand and expect. We are creating the new Anglo American."

Friday, February 12, 2016

Dividend Raises & Cuts - Week of Feb 8, 2016

This post captures the announcements of dividend increases and cuts for the week. Note that only $2B+ (Midcap+) companies are included in this list.

Following companies announced dividend increases this week
  • Randgold Resources Ltd. (ADR) (GOLD) raised its dividend 10.00%
  • Hasbro, Inc. (HAS) raised its dividend 10.87%
  • Primerica, Inc. (PRI) raised its dividend 6.25%
  • Compass Minerals International, Inc. (CMP) raised its dividend 5.30%
  • Owens & Minor, Inc. (OMI) raised its dividend 0.99%
  • Wyndham Worldwide Corporation (WYN) raised its dividend 19.05%
  • Sabre Corp (SABR) raised its dividend 44.44%
  • L-3 Communications Holdings, Inc. (LLL) raised its dividend 7.69%
  • The Western Union Company (WU) raised its dividend 3.23%
  • Toromont Industries Ltd (TIH.TO) raised its dividend 5.88%
  • Time Warner Inc (TWX) raised its dividend 15.00%
  • Owens Corning (OC) raised its dividend 5.88%
  • AGL Resources Inc. (GAS) raised its dividend 3.92%
  • Boston Pizza Royalties Income Fund (BPF.UN.TO) raised its dividend 6.19%
  • Cisco Systems, Inc. (CSCO) raised its dividend 23.81%
  • United Parcel Service, Inc. (UPS) raised its dividend 6.85%
  • Equifax Inc. (EFX) raised its dividend 13.79%
  • J2 Global Inc (JCOM) raised its dividend 3.17%
  • Home Capital Group Inc (HCG.TO) raised its dividend 9.09%
  • Manulife Financial Corp. (MFC.TO) raised its dividend 8.82%
  • Thomson Reuters Corp (TRI) raised its dividend 1.49%
  • TransCanada Corporation (TRP.TO) raised its dividend 8.65%
  • FLIR Systems, Inc. (FLIR) raised its dividend 9.09%
  • PepsiCo, Inc. (PEP) raised its dividend 7.12%
  • Reynolds American, Inc. (RAI) raised its dividend 16.67%
  • Kimberly Clark Corp (KMB) raised its dividend 4.55%
  • American International Group Inc (AIG) raised its dividend 14.29%
  • Dr Pepper Snapple Group Inc. (DPS) raised its dividend 10.42%
  • Nu Skin Enterprises, Inc. (NUS) raised its dividend 1.43%
  • Dun & Bradstreet Corp (DNB) raised its dividend 4.32%
  • Activision Blizzard, Inc. (ATVI) raised its dividend 13.04%
  • Great-West Lifeco Inc. (GWO.TO) raised its dividend 6.13%
  • Robert Half International Inc. (RHI) raised its dividend 10.00%
  • ITT Corp (ITT) raised its dividend 4.82%
  • Brookfield Asset Management Inc (BAM) raised its dividend 8.33%
  • Interpublic Group of Companies Inc (IPG) raised its dividend 25.00%
  • Vulcan Materials Company (VMC) raised its dividend 100.00%
  • NextEra Energy Inc (NEE) raised its dividend 12.99%
  • Allstate Corp (ALL) raised its dividend 10.00%
  • Lear Corporation (LEA) raised its dividend 20.00%
Following companies announced dividend cuts this week
  • Diamond Offshore Drilling Inc (DO) cut its dividend 100.00%
  • Anadarko Petroleum Corporation (APC) cut its dividend 81.48%
  • Cenovus Energy Inc (CVE.TO) cut its dividend 68.75%
  • Precision Drilling Corporation (PD.TO) cut its dividend 100.00%
  • Canaccord Genuity Group Inc (CF.TO) cut its dividend 100.00%

Brookfield Asset Management Raises Dividend 8.33%

Brookfield Asset Management raised its dividend by 8.33%. Based on current stock price, the new dividend amount represents a yield of 1.9%.

The Board declared a quarterly dividend of US$0.13 per share (representing US$0.52 per annum), payable on March 31, 2016 to shareholders of record as at the close of business on February 29, 2016. This represents an increase of 8% over the current dividend rate. The Board also declared all of the regular monthly and quarterly dividends on its preferred shares.

Bruce Flatt, CEO of Brookfield, said, “Our global portfolio of real assets performed well during the year, and we delivered strong results for our clients and shareholders. We deployed $21 billion, announcing or completing several acquisitions, including some signature assets – Canary Wharf and Center Parcs in the UK, TDF Communications in France, hydroelectric facilities in the U.S. and Brazil, and more recently Isagen hydroelectric in Colombia. This year, we intend to launch our new listed partnership, Brookfield Business Partners, and close a number of flagship private funds, enhancing our ability to make value investments in attractive opportunities around the world.”

Announcement Link

Thursday, February 11, 2016

Thomson Reuters Raises Dividend 1.49%

Thomson Reuters Corp (TRI) announced a 1.49% increase in its cash dividend. The quarterly cash dividend will increase from US$0.335 to US$0.34 per share and payable on Mar 15, 2016 to shareholders on record as of Feb 23, 2016.

Thomson Reuters declares all its financials and hence the dividends in US$ even if shareholders own the TSX-listed stock.

Thomson Reuters is a Dividend Challenger and this is the 23rd consecutive annual dividend increase. The annual dividend rate goes up from US$1.34 to US$1.36. Yield going forward based on today's closing price is 3.91%.

“Today’s results reflect the significant progress we have made putting the company back on solid footing," said James C. Smith, president and chief executive officer of Thomson Reuters. "With the ship now turned, we have growing confidence in our strategy as we look to 2016 and 2017.” In addition, the company announced that it plans to repurchase up to an additional $1.5 billion of its shares as it has essentially completed its third $1 billion program announced in May 2015.

Announcement link

Tuesday, February 9, 2016

Anadarko Petroleum Slashes Dividend 81%

In a sign of times, another oil company cuts its dividends.

The Board of Directors of Anadarko Petroleum Corporation (APC) today declared a quarterly cash dividend on the company's common stock of 5 cents per share, payable March 23, 2016, to stockholders of record at the close of business on March 9, 2016. The quarterly dividend represents a 81.48% reduction from the prior level of 27 cents per share.

"We believe this adjustment to our dividend is the appropriate action to take in the current environment," said Al Walker, Anadarko Chairman, President and CEO. "On an annualized basis, this action provides approximately $450 million of additional cash available to enhance our operations and financial flexibility. Our Board will continue to evaluate the appropriate dividend on a quarterly basis."

Friday, February 5, 2016

Dividend Raises & Cuts - Week of Feb 1, 2016

This post captures the announcements of dividend increases and cuts for the week. Note that only $2B+ (Midcap+) companies are included in this list.

Following companies announced dividend increases this week
  • GNC Holdings Inc (GNC) raised its dividend 11.11% 
  • Archer Daniels Midland Company (ADM) raised its dividend 7.14% 
  • Meredith Corporation (MDP) raised its dividend 8.2% 
  • Church & Dwight Co., Inc. (CHD) raised its dividend 5.97%
  • 3M Co (MMM) raised its dividend 8.29% 
  • Validus Holdings, Ltd. (VR) raised its dividend 9.37%
  • Gilead Sciences, Inc. (GILD) raised its dividend 9.3% (effective Q2 2016)
  • Brookfield Infrastructure Partners L.P. (BIP) raised its dividend 7.55%
  • Comcast Corporation (CMCSA) raised its dividend 10.0% 
  • Ingersoll-Rand PLC (IR) raised its dividend 10.34% 
  • Spectra Energy Partners, LP (SEP) raised its dividend 2.0% 
  • Corning Incorporated (GLW) raised its dividend 12.5%
  • TECO Energy, Inc. (TE) raised its dividend 2.22% 
  • Microchip Technology Inc. (MCHP) raised its dividend 0.14% 
  • AvalonBay Communities Inc (AVB) raised its dividend 8.0% 
  • Harley-Davidson Inc (HOG) raised its dividend 12.9% 
  • Eversource Energy (ES) raised its dividend 6.59%
  • CME Group Inc (CME) raised its dividend 20.0% 
  • Intercontinental Exchange Inc (ICE) raised its dividend 13.33% 
  • Orbital ATK Inc (OA) raised its dividend 15.38% 
  • Dunkin Brands Group Inc (DNKN) raised its dividend 13.21% 
  • BCE Inc. (BCE.TO) raised its dividend 5.0% 
  • Brookfield Renewable Energy Partners LP (BEP) raised its dividend 7.23%
  • Gaming and Leisure Properties Inc (GLPI) raised its dividend 2.75%
  • Xylem Inc (XYL) raised its dividend 10.01%
  • PPL Corp (PPL) raised its dividend 0.66%
  • Kite Realty Group Trust (KRG) raised its dividend 5.50%
  • Allegion PLC (ALLE) raised its dividend 20.00%
  • Bemis Company, Inc. (BMS) raised its dividend 3.57%
  • L Brands Inc (LB) raised its dividend 20.00%
  • Avista Corp (AVA) raised its dividend 3.79%
  • WGL Holdings Inc (WGL) raised its dividend 5.41%

Following companies announced dividend cuts this week
  • Apollo Global Management LLC (APO) cut its dividend 20.0% 
  • Northern Tier Energy LP (NTI) cut its dividend 63.46% 
  • ConocoPhillips (COP) cut its dividend 66.22% 

Wednesday, February 3, 2016

Dividend Increases & Cuts for January 2016

Top Dividend Raises for January 2016

  • Alaska Air Group Inc (ALK) raised dividend by 37.5%
  • A. O. Smith Corp (AOS) raised dividend by 26.32%
  • Canadian National Railway (CNI) raised dividend by 20%
  • Valero Energy Corp (VLO) raised dividend by 20%
  • Atco Ltd (ACO.X.TO) raised dividend by 15.15%

Dividend Cuts in January 2016
  • Husky Energy Inc (HSE.TO) cut dividend by 100%
  • Noble Energy Inc (NBL) cut its dividend by 44.44%
  • Whitecap Resources Inc (WCP.TO) cut its dividend by 40%
  • Potash Corporation of Saskatchewan (POT) cut its dividend by 34.21%