Wednesday, 11 June 2014

Target Increases Dividend


Today, Target increased its dividend from $0.43 to $0.52 per quarter, or 20.9%. I am quite surprised given the companies recent hardships.

Target's new dividend yield is 3.6%, which makes the current share price very cheap based on the “average dividend yield” metric.

The dividend increase adds $72.00 USD to my yearly dividends.

As of today, my dividend increases for 2014 are:

Company
2014 Div. Increase
$$$ Increase
Baxter International
6.1%
$13.26 USD
BP
2.6%
$7.98 USD
Chevron


CSX
6.7%
$6.00 USD
CVS Caremark
22.2%
$20.00 USD
CVX
7.0%
$5.95 USD
Deere
17.6%
$16.20 USD
Digital Realty Trust
6.4%
$12.00 USD
Empire Co


Enbridge
11.1%
$36.82 CAD
Ensco


GreenStar Agri
50%
$92.00 CAD
HCP
3.8%
$3.20 USD
JP Morgan
5.3%
$16.00 USD
Kraft


Norfolk Southern
3.9%
$4.00 USD
North West Company
3.6%
$16.00 CAD
Occidental Petroleum
12.5%
$8.00 USD
Reckitt Benckiser


Rogers Comm
5.2%
$18.00 CAD
Saputo


SNC Lavalin
4.3%
$10.00 CAD
Telus (2 increases)
11.8%
$24.00 CAD
Teva
5.2%
$13.94 USD
Target Corp.
20.9%
$72.00 USD
Walgreen Co


Total

$303.35


GreenStar Agriculture has been removed from my list of increases as I sold almost all my shares.

My forward 12-month dividends now stand at $6,295.56.