Chasing the Yield

September 2023 Recap


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My annual income increased $25 as a result of dividend increases from Microsoft (+10%), NJR (+7.7%), and 5 other holdings. Meanwhile, there were changes to the Dividend Safety Scores of W. P. Carey, Smucker, and Walgreens.

W.P. Carey Surprises With Plan to Exit All Office Properties; Dividend Could Be Reduced by Around 20%. Downgraded to Unsafe • Sep 21

J.M. Smucker to Acquire Hostess Brands, Increasing Leverage. Downgraded to Safe • Sep 12 

Leadership Changes, Softening Consumer Spending Suggest Walgreens' Turnaround Struggles Continue. Downgraded to Borderline Safe • Sep 1

Casino Expansion, Higher Rates Weigh on Realty Income; Dividend Coverage Remains Healthy. Safe Rating Reaffirmed • Sep 13 

Dominion Nears End of Strategic Review With Gas Utilities Divestiture; Dividend Expected to Remain Flat. Safe Rating Reaffirmed • Sep 7

Enbridge to Become More Diversified Energy Company With Gas Utilities Acquisition; Dividend Remains Safe. Safe Rating Reaffirmed • Sep 6

Brandywine cuts dividend by 21%, as economic headwinds continue to pressure office REITs

Fortis increases payout by 4.4%, celebrating 50 consecutive years of annual dividend growth

Microsoft hikes dividend by 10%, reaching 14th consecutive year of payout growth

W. P. Carey raises dividend by 0.19%

Philip Morris ups dividend by a modest 2.4%, balancing deleveraging goals with payout growth

Realty Income raises dividend by 0.20%
NJR increases dividend by 7.7%, marking 30th increase in 27 years

Verizon raises dividend by 1.9%, reaching 17th consecutive year of annual payout growth

 

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Chasing the YieldBy Kevin Bae


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