Saturday, December 8, 2012

January = Lean Dividend Month

These companies in my portfolio have moved payments up:

●H.J. Heinz normally pays in January but moved the payment up to Dec. 26.  Payment dates for the preferred will still be in January 2013 however.  Does this mean they are paying the common dividend before the preferred?

●Illinois Tool Works already declared a January dividend, but decided to move it up to Dec. 31.

●Coke is paying Dec. 17.  Two Q4 dividends is normal for Coke however.

I know these companies are trying to do shareholders a favor, but for me it's annoying.  I don't want the payments changing.  First of all I like consistency for tracking and planning purposes.  Second of all I'd rather delay paying the taxes.  I will have to pay taxes on these dividends very soon.  Tax season is right around the corner.  I'm lower middle class and am not worried about the potential tax hikes anyways.  It will barely affect me.  Obama has my back on that one!

I really hope Pepsi and Philip Morris leave the dividend schedule alone but hey in reality it's just a slight annoyance and not the end of the world.


  1. I'm with you. I don't care for this move at all. However, I'm sure the big shareholders who receive millions in dividend payments enjoy the move due to potential tax hikes that will hit them pretty hard. WMT did the same thing.

    Due to this, January is going to really hurt and get 2013 off pretty slowly. I much prefer consistency in terms of payouts. I'm a bit OCD about that.

    Oh well, the money is going to hit the account either way.

    BTW, this doesn't affect payout streaks correct? I haven't been able to determine this completely, but I believe I remember reading that David Fish compiles his streaks based on the ex-divi date and not the actual payout date. The ex-divi date in all theses cases are still the same.

    Best wishes!

    1. I'm not exactly sure how Mr. Fish will handle this. Either way it won't affect what I do. The CCC lists are fantastic and I highly respect him for his time putting those together then publishing it for free! But it's just one man's standards. I own companies that aren't on his lists and that's fine. I use the CCC for ideas, it's not doctrine.

      I'm pretty sure ABT will lose it's title of dividend champion after the spinoff. But I do not care and will continue holding and buying more shares.

      If you decide to count the December payouts from ITW, WMT, etc. towards 2013 numbers I would fully understand that. It would stink falling short of your goals because they paid a few days earlier than normal. It's a special set of circumstances...

      Thanks for stopping by!


    2. Gah! MDT and GD also accelerated their payments. I don't own them but I know you do.

  2. I don't mind the money earlier. A dollar today is worth more than a dollar tomorrow. And I'd rather pay at 15%, than 25% or 28% whatever my marginal rate is.

    1. True. It will affect everyone differently. I'd rather have the money a few days later and delay paying the taxes for a year. But really I'm talking about $50 in dividends. It's a very small amount and not worth losing sleep over!

      I'm glad these companies are trying to do shareholders a favor. Even though it doesn't help me, these are the types of companies I want own long term.

  3. Heinz is an excellent company the dividend is excellent. Most likely they have increased it every year for a long time.

    1. I agree. I like how they are aggressively expanding in emerging markets.

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