Expected Dividend Increases in November 2018

Fall is here, the leaves are changing colors, and we are closing in on the end of a pretty darn exciting month in the market.  For the first time in a while, Mr. Market experienced wild swings and presented dividend growth investors with some pretty strong opportunities.   The two of us have definitely taken advantage of a few of them, that’s for sure.   With the turning calendar, comes the next installment in our “Expected Dividend Increases” series!   For those of you that are new to the blog, each month we summarize a listing of companies that are expected to announce dividend increases in the coming month.  Since we love following each company’s dividend increase closely,  we thought we would share some of the excitement with you.  Now, here are the companies expected to announce dividend increases in November!

Actual Dividend Increases in October 2018

Before looking ahead, I always like to review the actual results from the prior month.  After all, what fun would it be if we didn’t follow-up on the results?  We predicted 5 companies would increase their dividend in October!

  • Company #1: VFC Corp (VFC) – First up, a Dividend Aristocrat.   VFC’s 10.8% increase in their quarterly dividend was below their 5-year average dividend growth rate.  However, how can you ever really complain about a double-digit percent increase in a dividend?   Investors’ will now receive $.51/share each quarter from the company.
  • Company #2: American Electric Power (AEP) –  There was some great news this month for AEP shareholders like myself.  The company’s 5-year average DGR was between 5%-6%.  This year, AEP announced a $.05/share increase in their quarterly dividend.  This was an 8% increase!  Now that’s what I’m talking about and I rushed to update my portfolio tracking spreadsheet as soon as I heard the news.  That added over $5 to my forward dividend income total.
  • Company #3: Aflac Corporation (AFL) –  In our last article, we noted that AFL had already increased their dividend once this year.  So we were very curious if the company was going to increase their dividend for a second time.  Well, as it turns out, we were not so lucky this month.  Management announced that they were going to maintain their current dividend this quarter.  I wonder if they will only announce one dividend increase in January going forward….hmmm.
  • Company #4: WestRock Co (WRK) –  Thinking about this dividend increase has caused me a lot of stress and anxiety recently.   I understand the feeling of anxiety waiting for this dividend increase that Lanny wrote about in his last article completely.  For many of us dividend investors, we live and die by a company’s dividend announcement and Lanny captured that feeling very well.  WRK has been beaten down during the month.  The company was on my watch list at the beginning of the month and I added to the position as the stock price continued to fall.  After the company’s second release providing an update about the impact of the Hurricanes on the company’s operations, I decided to take a wait and see approach to adding to my position.  I became eager/anxious to  see if management would increase their dividend despite all of the negative news surrounding the company.  Finally, after a ton of time and a slight delay, Westrock announced a 5.8% increase in their quarterly dividend.  Was it nerve-racking?  You bet, but man was I excited to see this increase despite all of the negative news!
  • Company #5: Eaton Vance Corp (EV) –  Not too bad, not too bad.  This Dividend Aristocrat increased their quarterly dividend 12.9% during the month.  Congrats to all of the shareholders that received this awesome increase in their quarterly dividend.
  • Bonus Company #1:  Visa (V) –  I’m a little mad at myself for missing this one in my previous month’s article.  In fact, I’m actually really mad at myself.  V is one of those companies that I would love to own one day, but have never had the right opportunity to initiate a position.  Darn you Lanny for buying some shares way back in the day!  Back to the task at hand.  Visa’s $.04/share increase in their quarterly dividend was actually a 19% increase!  Are you kidding me?  Congrats to all the owners of this low dividend yield, high dividend growth rate stocks.
  • Bonus Company #2: Iron Mountain (IRM) –  Lanny and I have been scooping up shares of this REIT over the last few months.  Here is a link to one of our purchase articles containing more information about the purchase.  The company’s dividend yield is pretty high, so we weren’t expecting to receive a large dividend increase during the month.   At the end of the month, the company announced a solid 4% increase in their quarterly dividend.  For a high yielding stock, how could we really complain?

Expected Dividend Increases in November 2018

With the past behind us, now it is time for the fun part!  Time to look ahead and see which companies are expected to announce a dividend increase in the coming month.  I know this isn’t an all-inclusive list.  So please let me know in the comment section if I missed a company that you own or are monitoring.  Would love to aggregate as large of a listing as possible for everyone to potentially use when making an investment decision.  Here are the companies that are expected to announce dividend increases in November.

  • Company #1: Starbucks Corporation (SBUX) – Like AFL above, SBUX has already announced one dividend increase so far in 2018 (20% in June).  But will they announce a second dividend increase this year during their regular dividend increase month?  That is to be determined.  Man it would be awesome to receive a second dividend increase from the company, especially since we added to our position earlier in the year!
  • Company #2: Sysco Corporation (SYY) – There is a major SYY distribution center 10 minutes away from my house.  So I am always seeing the shiny, silver Sysco trucks flying on the highway next to me.  Let’s see if the Dividend Aristocrat can announce a dividend increase greater than their 5-year dividend growth rate of 5.18%!
  • Company #3: Hormel Foods Group (HRL) – Man there are a lot of Dividend Aristocrats that are set to increase their dividend this month.  Talk about excitement!  HRL is a consumer staple stock that I would love to own one day when the price is right.   Luckily, for shareholders like Lanny, they will receive a dividend increase in the coming month and it should be pretty darn solid.   Last year, the company increased their dividend 10.5%!
  • Company #4: McCormick & Co (MKC) – With the holidays around the corner, people will be purchasing a lot of MKC’s products as they prepare their delicious holiday meals.  MKC’s dividend is also pretty sweet and so is their 5-year average dividend growth rate of 8.87%!
  • Company #5: Walt Disney Co. (DIS) – Possibly.  Will either increase at the end of November or beginning of December.  The last two years have been November, but the previous two were December.  Hopefully they will sneak the dividend increase in before the end of the month, because chances are, it will be very solid for investors!  The company has a 5 year dividend growth rate of 24%.
  • Company #6: Becton Dickinson & CO (BDX) – To be honest, I am not too familiar with this Dividend Aristocrat.  However, they are a low dividend yield, moderate dividend growth rate stock.  The company’s dividend yield is under 2% and their 5 year dividend growth rate is just under 8%.
  • Company #7:  Nike (NKE) – This may be the first time I have ever written about Nike on this blog.  Interestingly, the apparel giant is set to increase their dividend in November.  The company has 10 years to go before becoming a Dividend Aristocrat, but they are well on their way.  And it helps that they have announced an average double-digit dividend increase over the last few years!

Summary

It looks like we are gearing up to have another busy month of dividend increases.  How excited are all of you?  ARE YOU READY???   Dividend increases are such a great thing and I enjoy reading each person’s summary and article about how much additional income each increase has brought them.  Whether it added pennies, dollars, or hundreds of dollars, each increase we receive brings us that much closer to financial freedom!

What did you think of the dividend increases announced last month?  Were you upset that AFL didn’t increase their dividend for a second time this year?   How many dividend increases?  Did you receive any other dividend increases that weren’t listed above?  Are you expecting any additional dividend increases in November that I left out of this article?

Bert

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21 thoughts on “Expected Dividend Increases in November 2018

  1. From west rocks website
    ATLANTA, Oct. 26, 2018 (GLOBE NEWSWIRE) — WestRock Company (NYSE: WRK) today reported that its Board of Directors declared a quarterly dividend of $0.455 per share on its common stock, an increase of $0.025 per share from its previous dividend rate and representing an annualized increase of $0.10 per share, or 5.8%. The quarterly dividend of $0.455 per share will be paid to stockholders of record as of the close of business on November 9, 2018 and will be paid on November 19, 2018.

    All praise!

  2. I was really happy, like you, with the AEP increase. Late last week (as you probably know) ABBV also announced their increase for 2019. I think the announcement came earlier than usual. I was surprised and maybe you too since it’s not on your November list. Tom

    • Tom,

      Wasn’t that increase sweet! And ABBV provided you with a nice little cherry on top, eh? Their increase history is mixed. Some years they had announced in October and others February. That’s quite the difference if you ask me haha To your point, I was definitely surprised by this one but am glad that so many of you will receive the benefit.

      Bert

  3. Own AEP. Great news. Guess have to update my forward dividend eatimations upward 🙂 Since I own 8 shares of AEP that will bring us +0.4$ this quarter 🙂 DGI at work, nice 🙂

  4. No complaints from me about VFC’s raise. It’s such a strong performer from a dividend and stock price perspective going on several decades. That’s one of my forever holds!

    • Keith,

      VFC has crushed it, that’s for sure. Nothing beats strong performance and strong dividend increase for a company you do not plan on selling. I’m sure I’ve supported your dividend increase plenty of times over the years haha

      Bert

  5. Hey Bert,

    I have the same relationship with V as you do. My brother bought a position around $80 (pre-4-to-1-split) years ago and I told him I felt it was too expensive at the time (I never said I knew anything about market timing…). I watched him quintuple his position and then added a few shares of my own because I eventually got on board with the realization that it’s one of the best companies on the planet. Hoping to add more at some point as well.
    As for NKE, read the book “Shoe Dog” if you haven’t already. You’re going to fall in love with the company and want some stock like I do (I just read it last month while waiting on plane delays from Kansas City to Atlantic City to Montreal).

    Take care,
    Ryan

    • Ryan,

      I’m adding shoe dog to my book on tape list and am excited to download it when it becomes availabel at my library. That’s the perfect book for my commute! I’m glad there is someone else out there that has the same Visa story as me. It pisses me off, but I’m happy as heck for Lanny and it is a great company. I think about that missed opportunity every time I swipe mine…

      Bert

  6. Last month was a great month in terms of dividend increases with EPD, EQM, and IRM announcing increases that amounted to a total of $0.68 in added forward annual dividend income. I was expecting a relatively light month of increases for November with Hormel and possibly Starbucks announcing increases, but the 11.5% raise by ABBV was a pleasant surprise that increased annual dividends by $1.76.

    • Kody

      That raise by ABBV was GREAT! Congrats on the extra near $2 my friend You’re right, this was a crazy month for dividend increases and I’m looking forward to another crazy one here in November!

      Bert

    • MDD,

      This month is going to be a fun one to follow. It sucks EMR’s increase was only 1%. But that seems to be the trend recently for the company. Glad you enjoyed the article and I love putting it together each month.

      Bert

  7. I definitely enjoyed the increases from IRM and ABBV, and wasn’t expecting either of them either. Looking forward I’m looking for an increase from SNA and would absolutely love another increase from SBUX, but am not holding my breath.

    The other one that I have is DIS, but as you noted I am anticipating it in early December given their varied declaration dates. You’ve got a nice collection of other anticipated raises there so hopefully those all deliver!

    • Thanks DivvyDad! The ABBV was a shocking increase for many and I have really enjoyed seeing the excitement out of so many of you for this increase. I’ll have my fingers crossed for SNA for you. DIS will be interesting and it will make that finally week of November very interesting. So many of us will be waiting on the edge of our seats for it to conclude.

      Bert

  8. I got the Abbv dividend increase last month surprised me. I would be very surprised if SBUX raised again especially this close to the last one. 2019 is looking good so far for dividend increases.

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