LTC Properties (LTC) raised its dividend 9.7% from $.155 to $.17 per month. Obviously I'm very pleased to see a hefty increase on a holding that is already high yield. High yield + high dividend growth is a potent combination, I need to find more companies like this. However LTC tends to increase dividends at irregular intervals meaning it's not automatic like a PG or JNJ. Anyways I like the management here and expect to enjoy additional increases over time with LTC.
Kraft Foods Group (KRFT) raised its dividend 5.0% from $.50 to $.525 per quarter. This was the first ever dividend boost for the post spinoff Kraft. Earlier this year the KRFT CEO stated the company was targeting mid single digit dividend growth. 5% is exactly on par so there is nothing to complain about here. I want to add more KRFT shares, but unfortunately I find the share price to be fully valued at the moment.
Abbott Laboratories (ABT) announced a 57.1% dividend increase from $.14 to $.22 per quarter starting Q1 2014. This is by far the largest increase my portfolio has ever seen, holy cow! ABT used to be a dividend champion (with a 40 year streak) before it split into two companies earlier this year. It is technically no longer a dividend champion but I decided not to penalize the company because the total ABT + ABBV combined dividends is larger than the old company. Anyhow the new ABT's stance on dividend growth is now crystal clear. I plan to accumulate more shares and probably even elevate ABT back to core holding status as it was before the Abbvie spinoff.
Kinder Morgan, INC (KMI) boosted its dividend 2.5% from $.40 to $.41 per quarter. While that number might seem rather low, KMI tends to do similar increases every quarter. I'll take any increase I can get. Each and every dividend increase puts more money in my pocket and moves me a baby step closer to financial independence.
Senior Housing Properties (SNH) FROZE its dividend at $.39 per quarter. I need to spend some time and figure out what the heck is going on here; freezes are almost always unacceptable! If a company can't even a muster the usual 2.5% raise it tells me something is wrong. I don't intend to sell positions very often, but I am likely to do so here. On the bright side, it shouldn't be terribly difficult to find a replacement REIT with a similar yield. I haven't had much time to do research the past few weeks. More to follow on the unfortunate SNH turn of events.