Here are the stocks that raised their dividends in March:
Best Buy Co,, Inc. (BBY) raised its dividend by 21% on March 1. I was expecting BBY to raise their dividend in February, but the company waited a few days. I was extremely happy with the big bump, the largest of the month.
QUALCOMM Incorportated (QCOM) announced an 8% increase on March 7 to take effect with payments after the March 22 payment. I was happy to see the announcement earlier than I expected it.
J P Morgan Chase and Co (JPM) raised the dividend by 4% on March 21. Although the increase was rather small, it was nice to see it come as early in the year as it did. The previous increase was only three quarters before.
Intel Corporation (INTC) made an announcement of an increase on March 23, a full five quarters after the previous dividend increase. Since INTC has a habit of not necessarily raising dividends every year, I was surprised by the move upward in March. The increase was a modest 5%
In addition to the dividend increases, I benefited from smaller increases in income thanks to dividend reinvestment in a large chunk of my holdings, including AMGN, AMP, CCL, CMI, EAT, ETN, GILD, HOG, IP, KSS, MPC, PFE, PSX, R, TGT, WHR, and WYN.
I am expecting dividend increases from seven of my holdings in April, so I suspect that the average monthly dividend income will increase to approximately $70 by the end of the month.
Once April ends, almost half of my securities will have already declared a dividend increase for the year. So that will leave eight more months for the rest of the increases to take place at a less intense pace. As a result, my average monthly income will likely increase more slowly, and fall behind my benchmarks described in January. In an effort to counteract this, I plan to consider replacing some of my stocks with others that have either higher yield, larger recent dividend increases, or lower valuations. Some of the stocks that I am considering selling soon are CAT, CMI, HOG, JCI, and VIAB,
| Ticker | Shares | Avg Monthly Dividends | One Year Ago | % Change |
| AAPL | 5.073 | $0.96 | $0.88 | 9.62% |
| ABBV | 9.440 | $2.01 | $1.79 | 12.28% |
| ADM | 12.443 | $1.33 | $1.24 | 6.67% |
| ADNT | 1.000 | $0.00 | $0.00 | |
| AMGN | 3.078 | $1.18 | $1.03 | 15.00% |
| AMP | 5.140 | $1.29 | $1.15 | 11.94% |
| BA | 4.166 | $1.97 | $1.51 | 30.28% |
| BBY | 16.368 | $1.86 | $1.53 | 21.43% |
| BG | 9.213 | $1.29 | $1.17 | 10.53% |
| CAH | 7.042 | $1.05 | $0.91 | 15.99% |
| CAT | 7.340 | $1.88 | $1.88 | 0.00% |
| CCL | 11.227 | $1.31 | $1.12 | 16.67% |
| CMI | 5.207 | $1.78 | $1.69 | 5.13% |
| EAT | 10.287 | $1.17 | $1.10 | 6.25% |
| EMN | 7.187 | $1.22 | $1.10 | 10.87% |
| ETN | 9.403 | $1.88 | $1.79 | 5.26% |
| GEO | 15.548 | $3.63 | $3.37 | 7.69% |
| GILD | 6.122 | $1.06 | $0.96 | 10.64% |
| GLW | 27.667 | $1.43 | $1.25 | 14.81% |
| HOG | 12.420 | $1.51 | $1.45 | 4.29% |
| HPQ | 37.626 | $1.66 | $1.56 | 7.02% |
| INTC | 14.269 | $1.30 | $1.24 | 4.81% |
| IP | 13.643 | $2.10 | $2.00 | 5.11% |
| JCI | 10.059 | $0.84 | $0.97 | -13.79% |
| JPM | 8.218 | $1.37 | $1.31 | 4.17% |
| KSS | 11.550 | $2.12 | $1.93 | 10.00% |
| LM | 16.349 | $1.20 | $1.09 | 10.00% |
| M | 12.389 | $1.56 | $1.49 | 4.86% |
| MPC | 16.515 | $1.98 | $1.76 | 12.50% |
| NGVT | 2.000 | $0.00 | $0.00 | |
| OHI | 15.870 | $3.28 | $3.02 | 8.77% |
| PFE | 15.414 | $1.64 | $1.54 | 6.67% |
| PRU | 6.254 | $1.56 | $1.46 | 7.14% |
| PSX | 6.141 | $1.29 | $1.15 | 12.50% |
| QCOM | 9.323 | $1.77 | $1.65 | 7.55% |
| R | 10.312 | $1.51 | $1.41 | 7.32% |
| T | 15.944 | $2.60 | $2.55 | 2.08% |
| TGT | 7.193 | $1.44 | $1.34 | 7.14% |
| UNP | 6.150 | $1.24 | $1.13 | 10.00% |
| VIAB | 12.248 | $0.82 | $1.63 | -50.00% |
| VZ | 10.344 | $1.99 | $1.95 | 2.21% |
| WFC | 10.211 | $1.29 | $1.28 | 1.33% |
| WHR | 3.052 | $1.02 | $0.92 | 11.11% |
| WRK | 15.507 | $2.07 | $1.94 | 6.67% |
| WYN | 7.145 | $1.38 | $1.19 | 16.00% |
| TOTAL | $68.85 | $64.40 | ||
| Overall annual increase in dividend payments | 6.91% | |||
| Overall dividend yield -- dividends reinvested | 3.09% | |||
| Approximate annual growth rate including reinvestment and increases | 10.22% | |||
| Annual growth rate needed | 11.88% | |||
| Behind goal rate by | -1.66% | |||
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