Union Pacific Corporation (UNP) Dividend Increase Announced on November 16, 2017

Union Pacific Corporation (UNP) has raised its dividend by 10%, the second increase that I have received since I purchased my shares almost two years ago.  My next dividend payment will be 26% higher than the first one I received seven quarters earlier.

As the dividends have increased, the value of my shares has gone up as well.  My shares are worth 55% more than they were when I bought them.

HP Inc. (HPQ) Dividend Increase Announced on November 14, 2017

During the summer of 2016, the price of HP Inc. (HPQ) was up over 30% from its 52-week low from the previous winter, but it was still looking pretty undervalued.  HPQ had not long been divorced from Hewlett Packard Enterprise (HPE).  Perhaps the uncertainty of future business prospects had hammered HPQ's price down to where it was. 

Since my purchase almost eighteen months ago, the share price has moved up by another 60%.  Not a bad move in share price!  Of course, in the process the current yield has fallen considerably to about 2.5% from a much higher 3.7%.  But the value of my shares is now about $300 higher than their value when I purchased them.

How has the dividend improved?  Fifteen months after my first payment, my next payment will be 17% higher.  That's thanks to dividend reinvestment and two dividend increases, the most recent of which was 5%.  32 out of the 45 securities in my non-Pension portfolio have raised their dividends by more than that during the past 12 months.  Not quite so as impressive as the move in the share price.

Starbucks, Incorporated (SBUX) Dividend Increase Announced on November 3, 2017

All right!  Starbucks, Incorporated (SBUX) has raised the dividend by a nickel a share, so the next payment will be 20% more than the last one.  My next dividend will be 21% higher than my first one three months earlier, thanks to dividend reinvestment. 

The value of my share of SBUX have fallen while my dividends have increased.  But don't fret!  The nP portfolio is focusing on increasing dividend payments as time goes by. 

Speaking of Starbucks, I recently tried the k-cup version of  their Sumatra coffee.  M'mmm!

Average Monthly Income October 31, 2017 up 1.5%

Going forward, the average monthly income for my nonPension portfolio will be $75.45, an increase of $1.09 since a month ago.  At the current dividend growth rate, I am still ahead of schedule when it comes to meeting my goal of $560 per month starting about 18 years from now.  It seems hard to imagine now, as current dividends only total about 13% of that amount.

Here is where the increase in payments comes from:

⛅International Paper Co. (IP) increased its dividend by 3% on October 10, resulting in a 6-cent increase in average monthly income.

Penske Auto Group, Inc. (PAG) increased its dividend by 3% on October 11, resulting in a 4-cent increase in average monthly income.  (A clerical error earlier this year resulted in incorrect information being displayed in earlier monthly reports for PAG.  The table below includes corrected information.)

Omega Healthcare Investors (OHI) increased its dividend by 2% on October 12, resulting in a 6-cent increase in average monthly income.  This was the fourth increase of the year.

⭐Carnival Corporation (CCL) increased its dividend by 13% on October 19, resulting in a 19-cent increase in average monthly income.  This increase came six months after the previous increase of 14%.

Iron Mountain Inc. (IRM) increased its dividend by 7% on October 24, resulting in a 23-cent increase in average monthly income.

Westrock Company (WRK) increased its dividend by 8% on October 27, resulting in a 16-cent increase in average monthly income.

Abbvie Inc. (ABBV) increased its dividend by 11% on October 28, resulting in a 22-cent increase in average monthly income.

The remainder of the increase is a result of dividend payments reinvested in the following securities:  BBY, CAH, EAT, EMN, GILD, GLW, HPQ, JCI, LAMR, LM, M, UNP, and VIAB.

Ticker	Shares	Avg Monthly Dividends	One Year Ago	% Change
AAPL	5.115	$1.07	$0.97	10.53%
ABBV	9.617	$2.28	$2.05	10.94%
ADM	12.628	$1.35	$1.26	6.67%
ADNT	1.000	$0.09	$0.00
AMGN	3.100	$1.19	$1.03	15.00%
AMP	5.205	$1.44	$1.30	10.67%
BA	4.222	$2.00	$1.53	30.28%
BBY	16.677	$1.89	$1.56	21.43%
BG	9.317	$1.43	$1.30	9.52%
CAH	7.173	$1.11	$1.07	3.01%
CCL	11.364	$1.70	$1.33	28.57%
EAT	10.497	$1.33	$1.19	11.76%
EMN	7.318	$1.24	$1.12	10.87%
GEO	24.487	$3.81	$3.54	7.69%
GILD	6.205	$1.08	$0.97	10.64%
GLW	28.114	$1.45	$1.27	14.81%
HBI	24.317	$1.22	$0.89	36.36%
HOG	12.600	$1.53	$1.47	4.29%
HPQ	38.194	$1.69	$1.58	7.02%
INTC	14.488	$1.32	$1.26	4.81%
IP	13.870	$2.20	$2.14	2.70%
IRM	15.451	$3.03	$2.83	6.82%
JCI	10.239	$0.85	$0.99	-13.79%
JPM	8.309	$1.55	$1.33	16.67%
KSS	11.873	$2.18	$1.98	10.00%
LAMR	7.085	$1.96	$1.77	10.67%
LM	16.684	$1.56	$1.22	27.27%
M	12.983	$1.63	$1.63	0.00%
MPC	16.749	$2.23	$2.01	11.11%
OHI	16.508	$3.58	$3.36	6.56%
PAG	11.162	$1.23	$1.08	13.79%
PFE	15.711	$1.68	$1.57	6.67%
PRU	6.344	$1.59	$1.48	7.14%
PSX	6.249	$1.46	$1.31	11.11%
QCOM	9.519	$1.81	$1.68	7.55%
R	10.441	$1.60	$1.53	4.55%
SBUX	8.037	$0.67	$0.54	25.00%
T	16.344	$2.67	$2.61	2.08%
TGT	7.346	$1.52	$1.47	3.33%
UNP	6.252	$1.26	$1.15	10.00%
VIAB	12.462	$0.83	$0.83	0.00%
VZ	10.598	$2.08	$2.04	2.16%
WFC	10.365	$1.31	$1.31	0.00%
WHR	3.089	$1.13	$1.03	10.00%
WRK	15.734	$2.26	$2.10	7.50%
WYN	7.186	$1.39	$1.20	16.00%
TOTAL		$75.45	$68.89
Overall annual increase in dividend payments				9.53%
Overall dividend yield -- dividends reinvested				3.20%
Approximate annual growth rate including reinvestment and increases				13.03%
Annual growth rate needed				11.72%
Ahead of goal rate by				1.31%

AbbVie Inc. (ABBV) Dividend Increase Announced on October 28, 2017

AbbVie Inc. (ABBV) has not paid its November dividend payment yet, but a dividend increase of 11% has already been announced for the February payment.  ABBV's dividend increases have been significant since I added it to the nonPension portfolio.  My February 2018 payment will be about 32% higher than my February 2016 payment. 

AbbVie has experinced a significant rise in share price during the time I have owned it as well.  It is always a good thing to buy when valuations are low.