Dividend Growth Baselines
Dividend Growth Rates In my Addendum to Dividend Growth Rates, I wrote: «I examined the single - year payout ratio [D / E], the average of five years of single - year payout ratios [Average (D / E)-RSB- and the ratio of the average of five years of dividends to the average of five years of earnings [Average (D) / Average (E)-RSB-.
DIS really is one of the few companies of such massive size and long history still being able to deliver double digit eps - and
dividend growth rates in the future.
With a trailing P / E of less than 9X, a dividend yield of 5.5 %, and an 8 %
dividend growth rate in 2015, I was happy to close out my position in this Quebec - based bank.
However, I would not expect a high single to double - digit
dividend growth rate in the future.
Unfortunately, the company has drastically reduced
its dividend growth rate in the last few years.
Assuming
a dividend growth rate in the low double digits, that translates into a total return between 11 % and 13 %.
Moreover, Newer companies have fluctuating
dividend growth rate in the initial years.
You can match a lower dividend loss rate in Investment type C with a higher
dividend growth rate in investment type Stock A even at a lower initial dividend yield.
Not all investors in the Dividend Strategy as of 12/31/13 held all positions as of this date (specifically, newer investors who were not yet fully invested in the strategy and / or investors who have restricted us from investing in particular industries, did not own all positions as of this date) and therefore it is likely they achieved a lower
dividend growth rate in 2014.
For the period 1949 — 2015, each percentage point increase in price of the U.S. equity market is associated with a positive 13 - basis - point change in
the dividend growth rate in the coming year.4 The deviation of dividend growth rates from their long - term averages is also persistent.
With a trailing P / E of less than 9X, a dividend yield of 5.5 %, and an 8 %
dividend growth rate in 2015, I was happy to close out my position in this Quebec - based bank.
We also will have the highest
dividend growth rate in our sector, a great balance sheet, scale at over $ 30 billion, best - in - class medical office building (MOB) business and a high - quality senior - living operating portfolio.
Not exact matches
I am pleased to announce that our Board of Directors declared a 7 % increase
in our quarterly cash
dividend to $ 0.77 per share, marking 14 consecutive years of
dividend increases with a compound annual
growth rate of about 10 % over that period.
These risks and uncertainties include: Gilead's ability to achieve its anticipated full year 2018 financial results; Gilead's ability to sustain
growth in revenues for its antiviral and other programs; the risk that private and public payers may be reluctant to provide, or continue to provide, coverage or reimbursement for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®; austerity measures
in European countries that may increase the amount of discount required on Gilead's products; an increase
in discounts, chargebacks and rebates due to ongoing contracts and future negotiations with commercial and government payers; a larger than anticipated shift
in payer mix to more highly discounted payer segments and geographic regions and decreases
in treatment duration; availability of funding for state AIDS Drug Assistance Programs (ADAPs); continued fluctuations
in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations
in Gilead's earnings; market share and price erosion caused by the introduction of generic versions of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect of lowering prices or reducing the number of insured patients; the possibility of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials
in its currently anticipated timeframes; the levels of inventory held by wholesalers and retailers which may cause fluctuations
in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits of the Sangamo partnership; Gilead's ability to submit new drug applications for new product candidates
in the timelines currently anticipated; Gilead's ability to receive regulatory approvals
in a timely manner or at all, for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta
in combination with Pfizer's utomilumab; Gilead's ability to pay
dividends or complete its share repurchase program due to changes
in its stock price, corporate or other market conditions; fluctuations
in the foreign exchange
rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified from time to time
in Gilead's reports filed with the U.S. Securities and Exchange Commission (the SEC).
In addition, RTN appears to have a healthy, sustainable revenue
growth rate of over 5 %, and the stock distributes a
dividend of about 1.7 %.
The U.S.
rate hike that the market is 100 percent certain will be delivered this week did not stop
Dividend Equity Funds from recording their biggest inflow since the record setting $ 9.4 billion they took in exactly three years ago, with investors translating recent earnings per share growth and expected repatriation of foreign cash piles into bigger dividend
Dividend Equity Funds from recording their biggest inflow since the record setting $ 9.4 billion they took
in exactly three years ago, with investors translating recent earnings per share
growth and expected repatriation of foreign cash piles into bigger
dividend dividend payouts.
In an ideal world, you would find a company showing consistent
rate among
dividend, revenue and earnings
growth.
Companies with records of steadily increasing
dividends usually fared better
in the
ratings than those
in which
dividend growth has been erratic or where
dividend cuts or omissions have occurred.
Dividend Growth Investing is an income strategy of investing
in companies that have a barrier to entry (large moat) and consistent history of increasing
dividends by a
rate higher than inflation.
In an utopian world, the perfect
dividend stock would be one that is both high - yield and provide a high
dividend growth rate.
-LSB-...] a 10.58 % CAGR
dividend growth rate over the past 5 years, AAPL is up to a great start to become a Dividend Achiever in no -
dividend growth rate over the past 5 years, AAPL is up to a great start to become a
Dividend Achiever in no -
Dividend Achiever
in no -LSB-...]
To me, the process is simple: If you are contemplating the purchase of a company with a high internal
growth rate (which I define as expected
growth north of 10 % for the next ten year years), and it pays no
dividend or a negligible
dividend, then stuff the investment
in a taxable account provided you have already gotten any possible matching from a company's retirement account.
They also have a decent track record of
dividend increases — the
growth from $ 0.35
in 2011 to $ 0.47
in 2015 represents a CAGR of 6 %, well outpacing the
rate of inflation.
Simply Safe
Dividends gives ALL of the criteria items I need
in just one place
in both numerical as well as graphical format for each stock:
dividend yield, P / E ratio, Dividend Safety & Growth scores, EPS & FCF payout ratios, ex-dividend dates, pay dates, 1 -, 3 -, 5 -, and 10 - year dividend growth rates, dividend payout history, return on equity, a
dividend yield, P / E ratio,
Dividend Safety & Growth scores, EPS & FCF payout ratios, ex-dividend dates, pay dates, 1 -, 3 -, 5 -, and 10 - year dividend growth rates, dividend payout history, return on equity, a
Dividend Safety &
Growth scores, EPS & FCF payout ratios, ex-dividend dates, pay dates, 1 -, 3 -, 5 -, and 10 - year dividend growth rates, dividend payout history, return on equity, and
Growth scores, EPS & FCF payout ratios, ex-
dividend dates, pay dates, 1 -, 3 -, 5 -, and 10 - year dividend growth rates, dividend payout history, return on equity, a
dividend dates, pay dates, 1 -, 3 -, 5 -, and 10 - year
dividend growth rates, dividend payout history, return on equity, a
dividend growth rates, dividend payout history, return on equity, and
growth rates,
dividend payout history, return on equity, a
dividend payout history, return on equity, and more.
The starting
dividend in combination with the
dividend growth rate will greatly influence your returns.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those
in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation of retail customers; the Company's ability to predict, identify and interpret changes
in consumer preferences and demand; the Company's ability to drive revenue
growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility
in commodity, energy and other input costs; changes
in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes
in relationships with significant customers and suppliers; execution of the Company's international expansion strategy; changes
in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the Company; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions
in the nations
in which the Company operates; the volatility of capital markets; increased pension, labor and people - related expenses; volatility
in the market value of all or a portion of the derivatives that the Company uses; exchange
rate fluctuations; disruptions
in information technology networks and systems; the Company's inability to protect intellectual property rights; impacts of natural events
in the locations
in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's
dividend payments on its Series A Preferred Stock; tax law changes or interpretations; pricing actions; and other factors.
With its strong
dividend growth rates AFL should make a great long - term holding and also give me some exposure to the financial sector since I recently sold my shares
in Powershares Financial Preferred ETF (PGF).
In fact, I think it would be safe to expect a low single - digit
dividend growth rate as
dividend cuts could happen later down the road.
The following article will attempt to argue why younger investors should focus on
growth stocks over
dividend stocks
in a bull market with potentially rising interest
rates.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those
in the forward - looking statements include, but are not limited to, operating
in a highly competitive industry; changes
in the retail landscape or the loss of key retail customers; the Company's ability to maintain, extend and expand its reputation and brand image; the impacts of the Company's international operations; the Company's ability to leverage its brand value; the Company's ability to predict, identify and interpret changes
in consumer preferences and demand; the Company's ability to drive revenue
growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility
in commodity, energy and other input costs; changes
in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits from its cost savings initiatives; changes
in relationships with significant customers and suppliers; the execution of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions
in the United States and
in various other nations
in which we operate; the volatility of capital markets; increased pension, labor and people - related expenses; volatility
in the market value of all or a portion of the derivatives we use; exchange
rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's ability to protect intellectual property rights; impacts of natural events
in the locations
in which we or the Company's customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's ownership structure; the impact of future sales of its common stock
in the public markets; the Company's ability to continue to pay a regular
dividend; changes
in laws and regulations; restatements of the Company's consolidated financial statements; and other factors.
As interest
rates rise and
dividend - paying stocks stumble, opportunities have cropped up
in sectors that hold promise for
dividend growth ahead.
In theory, you could sell at a higher value and re-invest in a different stock with a similar dividend growth rate and higher yield resulting in a larger annual return without ever investing any additional mone
In theory, you could sell at a higher value and re-invest
in a different stock with a similar dividend growth rate and higher yield resulting in a larger annual return without ever investing any additional mone
in a different stock with a similar
dividend growth rate and higher yield resulting
in a larger annual return without ever investing any additional mone
in a larger annual return without ever investing any additional money.
• The 2016 increase (14 % payable
in December), 2015 increase (20 %), and 5 - year
dividend growth rate (20 % per year) are all very good numbers.
Where: D = Expected
dividend per share one year from now k = Required
rate of return for equity investor G =
Growth rate in dividends (
in perpetuity)
• The company's
rate of
dividend growth each year has been steadily high since the Great Recession ended
in 2009.
Equity
dividends in the U.S. market grew at an annualized real
rate of 0.58 % from 1900 to 2000, slower than GDP
growth.
In a fairly poor scenario, even if only a 5.7 % long - term EPS / dividend growth rate is achieved (chosen to match the previous 7 - year average EPS growth), then the current price in the low $ 80's can still offer a 9 % long - term rate of return, based on the DDM agai
In a fairly poor scenario, even if only a 5.7 % long - term EPS /
dividend growth rate is achieved (chosen to match the previous 7 - year average EPS
growth), then the current price
in the low $ 80's can still offer a 9 % long - term rate of return, based on the DDM agai
in the low $ 80's can still offer a 9 % long - term
rate of return, based on the DDM again.
Miller also expects Discovery to initiate a
dividend of $ 0.30 a share, given the slowing
growth rate, an improvement
in 2016 free cash flow (FCF) of 9.5 percent and $ 1.36 billion plus
in FCF expected
in 2017.
• Stellar
dividend resume: Decent yield at 2.9 %; excellent
dividend growth rate of 20 % over the past 5 years; upcoming increase of 14 %
in December; strong
dividend safety, protected by very good cash flow; and 44 - year streak of increasing
dividends.
In my eyes, a 5 % current yield plus a 5 %
dividend growth rate is a pretty nice combination.
These positive earnings drivers were more than offset by the combined impact of several factors, including increased energy - related provisions for credit losses, a 17 basis point decline
in net interest margin, moderate
growth of non-interest expenses, the addition of acquisition - related contingent consideration fair value changes reflecting performance within CWB Maxium Financial (CWB Maxium), higher preferred share
dividends, and the 20 % increase to CWB's income tax
rate in Alberta.
If you invest $ 100,000 to create a portfolio that yields 4 %, with a 6 %
dividend growth rate, and reinvest the
dividends for 20 years, the
dividend amount you will receive per year when you decide to withdraw
dividends in year 20 will be $ 24,289.
The model has unmatched functionality, allowing the user to factor
in not only a company's near and long - term
dividend growth rate but also the quarterly reinvestment of growing
dividends at a future expected stock price.
As my horizon is 20 - 30 years I do not mind adding some low yielders like $ DAL or $ ACN
in there, as long as the
dividend growth rate is substantial.
If you have already retired, it is not too late to benefit from investing for
dividends: decide whether you want to address your costs now by investing
in high income stocks, or to create a rising level of
dividends by investing
in stocks that have a high
dividend growth rate.
In buying stocks I try to maintain a balance between high yielders (such as most REITS) and low yielders with above average
dividend growth rates (stock like SBUX, DAL).
Given CubeSmart's strong cash flow
growth, a conservative balance sheet and past
growth I have assumed a
dividend growth rate of 6 %
in the initial period and reduced it to 5 % going forward.
As I noted
in the most recent Undervalued
Dividend Growth Stock of the Week article on this stock, Enbridge grew its ACFFO at a compound annual
rate of 7.94 % over the last ten fiscal years.
Under Greenlight's plan, the
dividend shares would pay GM's current quarterly
dividend at an annual
rate of $ 1.52 per share, while the capital appreciation shares would be entitled to the remainder of GM's earnings
in excess of current
dividends, including all future
growth.
It's a good rule of thumb that all else being equal, the long - term
dividend yield plus the long - term
dividend growth rate is what you can expect
in terms of total return.