Hi all,
Dividend increases this week included:
| Most | Return to | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Current | Recent | Dividend | Interest | Payout | 4 Yr. Payout | Years | 4 Yr | 4 Yr Yield | ||
| Symbol | Yield | Increase | 5 Yr. CAGR | Coverage | Ratio | Ratio | M* Sector | Growth | Avg. Yield | Upside |
| AFL | 2.39% | 5.0% | 10.1% | 24.5 | 25% | 24% | Financial Services | 39 Years | 2.41% | -0.68% |
| ADP | 2.01% | 20.2% | 14.7% | 47.1 | 58% | 59% | Industrials | 23 Years | 1.98% | 1.19% |
| ATO | 2.67% | 8.8% | 8.8% | 10.2 | 48% | 48% | Utilities | 37 Years | 2.26% | 18.18% |
| BDX | 1.60% | 4.6% | 4.5% | 7.9 | 29% | 27% | Healthcare | 49 Years | 1.29% | 23.94% |
I own both AFL and ADP.
ADP’s 20% increase (WOW!) was not entirely a surprise. It matched PAYX’s (I own too) MRI. It’s hard to imagine a more positive macro environment for these 2 names: low unemployment and rising short term interest rates. (Both earn money on the float created from operations). The market has been recognizing this for some time and have pushed share prices up accordingly.
AFL’s dividend increase happened to come a quarter early. So, maybe there’s another increase coming in the not too distant future.
FWIW, I don’t consider any of these tickers an attractive buy at these prices.
Rich