Monday, September 30, 2013

Recent Buy - WGL Holdings (WGL)

Today I added to my position in WGL Holdings (WGL). I purchased 26 shares at $42.50 which brings my total position to 66 shares. WGL has a dividend yield of 3.90% and has raised it's dividend for 37 years straight making WGL a dividend champion.

WGL Holdings, Inc., through its subsidiaries, sells and delivers natural gas, and provides energy-related products and services. The company operates in four segments: Regulated Utility, Retail Energy-Marketing, Commercial Energy Systems, and Wholesale Energy Solutions.

Going in to this purchase I was specifically looking for a stock that has a dividend payout in the month of  November (Feb,May,Aug,Nov). Which narrowed down my screening results considerably. On top of that some of the large cap stocks for that month like PG and CLX just look expensive in comparison. I like the fact that the dividend growth has been growing faster lately than it has historically. The last dividend increase was a 5% hike which isn't super but it's a good sign of things to come. With a 3.9% yield and 5% dividend growth WGL is under the chowder rule, however the chowder rule is only one of the criteria I consider when screening stocks. Honestly these days as the markets continue to rise it's very difficult to find any stocks that meet all of my screening criteria. WGL was close so it was my pick for this weeks purchase.

WGL Stock Chart

WGL Holdings Basic Statistics

  • Ticker Symbol: WGL
  • PE Ratio: 15.80
  • Yield: 3.9%
  • Dividend Growth 10yr:  2.3%
  • Payout Ratio: 60%
  • Market cap: $2.21 B
  • Website:

WGL Holdings Dividend History

Monday, September 16, 2013

Recent Dividend Increases

Dividend investors would be wise to focus not just on a stock's current yield, but also on the long-term growth potential of its dividends. That's because strong businesses that consistently raise their dividend payouts reward shareholders with a steadily rising income stream that essentially equates to a raise every year. Below are some stocks which have increased their dividends recently.

Philip Morris (PM) -  Philip Morris recently raised its regular quarterly dividend by 10.6% further boosting shareholder value. The company raised it's dividend from 85 to 94 cents per share every quarter, amounting to an annualized rate of $3.76 per share. The new dividend yield was 4.34% on an annual basis as of the current price of $86.56 on Sep 11, 2013. The first increased quarterly dividend is payable on Oct 11, 2013, to stockholders of record as of Sep 26, 2013.

Rait Financial Trust (RAS) - Rait announced that on September 10, 2013, RAIT’s Board of Trustees declared a third quarter 2013 cash dividend on Rait’s common shares of $0.15 per common share, representing a 15% increase from the prior quarter's dividend of $0.13 per common share and a 67% increase from the third quarter 2012 dividend of $0.09 per common share. The dividend will be paid on October 31, 2013 to holders of record on October 3, 2013. The ex-dividend date is October 1, 2013.

Realty Income Corporation (O) - Recently announced its board of directors had declared an increase in the company's common stock monthly cash dividend to $0.1818542 per share from $0.1815417 per share. The dividend is payable on October 15, 2013 to shareholders of record as of October 1, 2013. This is the 73rd dividend increase since Realty Income went public in 1994. The new monthly dividend amount represents an annualized dividend amount of approximately $2.182 per share as compared to the previous annualized dividend amount of approximately $2.179 per share. The company continues its long-term policy of declaring and paying dividends on a monthly, rather than on a quarterly, basis.

International Paper (IP) - Leading packaging and paper manufacturer International Paper Company (IP) increased its quarterly dividend by 17% year over year to 35 cents per share. The fourth quarter 2013 dividend is payable in cash on Dec 16 to shareholders of record at the close of business on Nov 15. Based on the closing price of $38.56 on Sep 6, 2013, the proposed dividend offers a yield of 2.84.

Avago Technologies Limited (AVGO) - A leading semiconductor manufacturer, recently announced a 9.5% year-over-year hike in its dividend payout to a quarterly payment of 23 cents per share or 92 cents on an annualized basis. The third quarter fiscal 2013 dividend is payable in cash on Sep 30 to shareholders of record as of Sep 19. Based on the closing price of $38.56 on Sep 6, 2013, the proposed dividend offers a yield of 2.38%. 

Full Disclosure: I have a position in Realty Income Corp. (O). You can see a list of all my dividend growth positions here.

Saturday, September 14, 2013

Captain's Picks

Captain's Picks is a collection of various articles that have caught my eye recently. I think you may find them interesting. Here's this weeks crop .... 

Intel - Why It's Poised For Rebound, And Why You Should Be There When It Does - Alex Jordan weighs in on Intel and weather or not you should hold on or not. - Seeking Alpha

AT&T (T) Dividend Stock Analysis - How does this telecom titan's dividend hold up under close scrutiny? - My Financial Independence Journey

Five Stocks With Big Dividends You Should Buy Today - Michael Fowlkes had some high yield dividend stock picks for us. - Market Intelligence Center

Pepsi (PEP) Stock Analysis - Dan Mac brings us another fine dividend stock analysis, this time were taking a close look at Pepsi. - Dividend Growth Stock Investing
11 Great Dividend Growth Stocks With Low Debt
11 Great Dividend Growth Stocks With Low Debt

11 Great Dividend Growth Stocks With Low Debt - 'Dividend Yield' shares some great dividend stocks with low debt ratios. - Long Term Investments

Considering High-DGR Dividend Growth Stocks - David van Knapp explains why you should be looking at stocks with a high DGR vs other stocks with higher yields. - Seeking Alpha

My Dividend Zone - Integrator explains his 'sweet spot' for dividend investing. - Financially Integrated

August Dividend Income Updates From Fellow Bloggers

Thursday, September 5, 2013

Recent Buy - Altria (MO)

Earlier this week I added to my position in the tobacco giant Altria (MO).  I purchased 35 shares at $34.08 which brings my total position to 95 shares. Last year Altria had raised its dividend by 7.3% so I was pretty happy with the 9.1% dividend raise that was announced by Altria recently so I decided to make a purchase before the ex-div date next week. Altria was founded in 1919 and has increased it's dividend for 45 years straight making it a dividend champion. Altria also announced that it will expand its share buyback plan by $700 million to $1 billion in a year from the current annual buyback plan of $300 million.

Altria Group, Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes, smokeless products, and wine in the United States and internationally. It offers cigarettes primarily under the Marlboro brand; smokeless tobacco products under the Copenhagen, Skoal, Red Seal, Husky, and Marlboro Snus brand names; cigars principally under the Black & Mild brand; and pipe tobacco.

Altria Stock Chart

Altria Basic Statistics

  • Ticker Symbol: MO
  • PE Ratio: 15.65
  • Yield: 5.7%
  • Dividend Growth 10yr:  11.4%
  • Payout Ratio: 80%
  • Market cap: $68 B
  • Website:

Normally an 80% payout ratio is a bit above my screening criteria however during a recent conference call, the company stated that one of their goals is to payout about 80% of its adjusted EPS via dividends.
Altria Dividend History

Monday, September 2, 2013

August Dividend Income

My dividend income for August comes to $170.13 which is almost as much as the $171.61 that I made in April which was my largest dividend total ever. This was quite an improvement over last quarter where I earned $142.53 and more than double what I made last August. I made one purchase this month and also enjoyed two dividend increases.

Dividend Increases

Clorox (CLX) - From .64 to .71 per share quarterly
General Mills (GIS) - From .33 to .38 per share quarterly

August Purchases

Chevron (CVX) - 10 shares @ $121.47

Some of my most recent stock purchases have been stocks that pay dividends in the month of September so it will be interesting to see how things go next month.


August Dividend Total - $170.13