Dividend Increase: My Portfolio

T. Rowe Price Group (TROW) just declared $0.70 quarterly dividend. This is an increase of 22.8% from $0.57.

I own 31 shares, so this will increase my annual dividend income by $16.12.

Union Pacific Corporation (UNP) just declared $0.73 quarterly dividend. This is an increase of 9.8% from $0.665.

I own 13 shares, so this will increase my annual dividend income by $3.38.

Gilead Sciences, Inc. (GILD) just declared $0.57 quarterly dividend. This is an increase of 9.6% from $0.52.

I own 36 shares, so this will increase my annual dividend income by $7.20.

Archer Daniels Midland Co. (ADM) just declared $0.335 quarterly dividend. This is an increase of 4.7% from $0.32.

I own 31 shares, so this will increase my annual dividend income by $1.86.

So all these amazing increases have increased my annual dividend income by $28.56 to a total of $4,968.38

I updated both my Passive Income page as well as my Portfolio page to reflect the changes.

My Thoughts:

What an amazing first two months of the year it has been. In the first two months, I have received 14 dividend increases. Guess what?! February is still not over!!

I decided to put this post in this format because I was running behind on writing my dividend increases posts. This way I can give you guys my thoughts about the dividend increases as well as what I think about the company at this present moment.

T. Rowe Price Group (TROW)

Lets first talk about the biggest and most surprising increase made by TROW. This 22.8% increase came as a complete shocker. CFRA has a 3-year projected earnings growth of 11% for the company. Not only that, the TROW 3-year and 5-year dividend growth rate is 9% and 10.9% respectively.

As you can see this increase was a great surprise.

I find the company to be fair to slightly overvalued. I would like to see the stock price get under $100 before I consider buying up more shares.

Union Pacific Corporation (UNP)

This increase from UNP was just inline on what I expected from them. The 3-year and 5-year dividend growth rates are 11.2% and 14.8% respectively. CFRA has a projected 3-year earnings growth of 10%. Therefore, this dividend increase is very much what I expected and Thank you very much UNP.

I currently find Union Pacific to be overvalued and I would like to see the stock price be under $110 before considering purchasing more shares.

Gilead Sciences, Inc. (GILD)

Gilead has a short dividend history as it has only been increasing its dividend for 3 years. The reason why I own this company is that I find it to be undervalued and the company has a whole list of products in their pipeline. This will increase revenues as well as earnings. This will, in turn, allow the company to increase their dividends.

I still see the company to be undervalued, but I would like to buy more shares in the mid to low $70.

Archer Daniels Midland Co. (ADM)

This increase of just 4.7% from Archer Daniels was a little bit meh. I was expecting something in the mid to high single-digit territory. For example, the 3-year and 5-year dividend growth rate is 10.1% and 12.8% respectively.

I find the company to be a bit fair valued to overvalued at this moment. I would like to see it fall in the mid $35 before I would consider buying more shares. In the meantime, I will continue to HOLD and collect the dividend that the company sends my way.

Thanks for reading, and don’t forget to follow me for great investment ideas.

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