Dividend Sonar Report – April 21, 2014
Submitted by Wall St. Daily as part of our contributors program
Dividend Sonar Report – April 21, 2014
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| Ticker | Name | Market Cap (Billions) | Dividend Declaration Date | Previous Dividend | Latest Dividend | Dividend Payout Change | Dividend Yield |
|---|---|---|---|---|---|---|---|
| OKE | ONEOK Inc | $12.7 | 04/17/2014 | $0.4 | $0.56 | 40% | 3.7% |
| WHR | Whirlpool Corp | $11.9 | 04/14/2014 | $0.625 | $0.75 | 20% | 2.0% |
| FRC | First Republic Bank/CA | $7.1 | 04/16/2014 | $0.12 | $0.14 | 17% | 1.1% |
| PPG | PPG Industries Inc | $27.7 | 04/17/2014 | $0.61 | $0.67 | 10% | 1.3% |
| CSX | CSX Corp | $28.3 | 04/15/2014 | $0.15 | $0.16 | 7% | 2.3% |
| TRGP | Targa Resources Corp | $4.5 | 04/15/2014 | $0.6075 | $0.6475 | 7% | 2.4% |
| SON | Sonoco Products Co | $4.3 | 04/16/2014 | $0.31 | $0.32 | 3% | 3.0% |
| DGICA | Donegal Group Inc | $0.5 | 04/17/2014 | $0.1275 | $0.1315 | 3% | 3.5% |
| PBCT | People’s United Financial Inc | $4.5 | 04/16/2014 | $0.1625 | $0.165 | 2% | 4.5% |
| DGICB | Donegal Group Inc | $0.5 | 04/17/2014 | $0.115 | $0.116 | 1% | 1.8% |
- ONEOK, Inc. (OKE) is the general partner and owns 41.2% of ONEOK Partners LP (OKS), a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas. President and CEO, Terry K. Spencer, noted, “We expect that increased distributions that ONEOK receives from ONEOK Partners, driven primarily by completed capital-growth projects from the partnership’s previously announced $6.0-billion to $6.4-billion capital-investment program, will strengthen ONEOK’s cash flow available for dividends and enable ONEOK to continue increasing the dividend to shareholders.”
- Whirlpool (WHR) is the world’s leading manufacturer and marketer of major home appliances, with annual sales of approximately $19 billion in 2013, 69,000 employees, and 59 manufacturing and technology research centers around the world. This 20% dividend increase follows a 25% hike in 2013.
- PPG Industries (PPG) is an S&P 500 Dividend Aristocrat that has paid uninterrupted annual dividends since 1899. This 10% increase follows a 3% increase in 2013 and a 4% raise in 2012.
- CSX Corp. (CSX) has increased its dividend 11 times in the past eight years, with a 20% compound annual growth rate over that time period. This 7% increase follows 7% and 17% dividend boosts in 2013 and 2012, respectively.
Dividend Action Watch
| Ticker | Name | Tentative Dividend Declaration Date |
|---|---|---|
| DD | EI du Pont de Nemours & Co | 04/23/2014 |
| AAPL | Apple Inc | 04/23/2014 |
| VMI | Valmont Industries Inc | 04/23/2014 |
| CFR | Cullen/Frost Bankers Inc | 04/23/2014 |
| LM | Legg Mason Inc | 04/23/2014 |
| FFIN | First Financial Bankshares Inc | 04/23/2014 |
| AVY | Avery Dennison Corp | 04/24/2014 |
| PAG | Penske Automotive Group Inc | 04/24/2014 |
| JNJ | Johnson & Johnson | 04/25/2014 |
| CNL | Cleco Corp | 04/25/2014 |
| HUM | Humana Inc | 04/25/2014 |
Source: Dividends & Income Daily Research, Bloomberg
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