Lamar Advertising Company (LAMR) Dividend Increase Announced on November 30, 2018

Lamar Advertising Company (LAMR) has raised its dividend for the second time this year, although the most recent dividend increase is just by a penny.

My next dividend payment will be more than a dollar higher than my first one just five quarters earlier.  That translates into an 18% increase.  The annualized payment increase is 14%, and the rate over the past year is 17%.

During the time that I have owned LAMR, the value of the shares has also increased.

My average monthly income is up 0.6% in the month of November.

My nonPension portfolio is will be paying an average monthly amount of $87.02 now thanks to one dividend increase and several dividend payments that were automatically reinvested in the securities that paid them out.

Over the next 17 years, the average monthly payments will have to increase by a little over 11.5% per year in order for me to reach my goal of an average of $560 per month in dividend payments.  The current rate of growth is almost 15%, which is way more than is necessary, but that takes into consideration dividend raises that were higher than normal due to tax law changes that became effective at the beginning of this year.  As raises begin to normalize next year, as I expect that they will, the annual growth rate will move closer to the necessary rate.  I expect that regression to begin in January.

But for now, payments will be up by 50 cents per month on average going forward, thanks to the following:

✨HP Inc (HPQ) raised its dividend on November 13.  The increase was 15% and will result in increased payments of 27 cents per month on average.

The remaining 23 cents will come from higher dividend payments due to reinvestment of dividends in the following securities:  AAPL, AABV, AMP, JPM, OHI, T, VZ, and WRK.

Ticker	Shares	Avg Monthly Dividends	One Year Ago	% Change
AAPL	5.210	$1.27	$1.09	15.87%
ABBV	10.039	$3.21	$2.14	50.00%
ADM	13.100	$1.46	$1.40	4.69%
ADNT	1.000	$0.09	$0.09
AFL	11.125	$0.96	$0.83	15.56%
AMGN	3.206	$1.41	$1.23	14.78%
AMP	5.365	$1.61	$1.48	8.43%
BA	4.307	$2.45	$2.04	20.42%
BBY	17.075	$2.56	$1.94	32.35%
BG	9.575	$1.60	$1.47	8.70%
CAH	7.409	$1.18	$1.14	3.01%
CCL	11.696	$1.95	$1.75	11.11%
EAT	10.878	$1.38	$1.38	0.00%
EMN	7.487	$1.40	$1.27	9.80%
GEO	26.495	$4.15	$4.15	0.00%
GILD	6.397	$1.22	$1.11	9.62%
GLW	28.768	$1.73	$1.49	16.13%
HBI	25.085	$1.25	$1.25	0.00%
HOG	13.005	$1.60	$1.58	1.37%
HPQ	39.401	$2.10	$1.83	15.00%
INTC	14.835	$1.48	$1.35	10.09%
IP	14.355	$2.39	$2.27	5.26%
IRM	16.520	$3.36	$3.24	4.00%
JCI	10.543	$0.91	$0.88	4.00%
JPM	8.542	$2.28	$1.59	42.86%
KSS	12.308	$2.50	$2.26	10.91%
LAMR	7.451	$2.26	$2.06	9.64%
LM	17.286	$1.96	$1.61	21.43%
M	13.619	$1.71	$1.71	0.00%
MPC	17.159	$2.63	$2.29	15.00%
OHI	18.451	$4.06	$4.00	1.54%
PAG	11.480	$1.42	$1.26	12.12%
PFE	16.282	$1.85	$1.74	6.25%
PRU	6.556	$1.97	$1.64	20.00%
PSX	6.428	$1.71	$1.50	14.29%
QCOM	9.883	$2.04	$1.88	8.77%
R	10.726	$1.93	$1.64	17.39%
SBUX	8.221	$0.99	$0.82	20.00%
T	17.598	$2.93	$2.87	2.04%
TGT	7.598	$1.62	$1.57	3.23%
UNP	6.380	$1.70	$1.41	20.30%
VIAB	12.791	$0.85	$0.85	0.00%
VZ	11.219	$2.25	$2.21	2.12%
WFC	10.659	$1.53	$1.39	10.26%
WH	7.371	$0.61	$0.00
WHR	3.184	$1.22	$1.17	4.55%
WRK	8.148	$1.24	$1.17	5.81%
WYND	7.445	$1.02	$1.44	-29.31%
TOTAL		$87.02	$78.49
Overall annual increase in dividend payments				10.87%
Overall dividend yield -- dividends reinvested				3.68%
Approximate annual growth rate including reinvestment and increases				14.94%
Annual growth rate needed				11.57%
Ahead of goal rate by				3.37%
At current growth rate, monthly payment starting December 2035				$929

HP Inc. (HPQ) Dividend Increase Announced on November 13, 2018

HP Inc. (HPQ) raised by 15% in November resulting in an upcoming payment that will be 38% higher than my first payment in October 2016.  For the first time, I will be receiving an average monthly payment of more than two dollars from HPQ in my nP portfolio.

While I have owned HPQ, its dividend has risen, but the total value of my shares has done the same.

My average monthly income is up 0.7% in the month of October.

The nonPension porfolio has been chugging along for over three years now, and it has a little over seventeen years to go before its job of paying at least $560 per month in dividend income.  Currently dividends are reinvested, so the average monthly income grows at a rate considerably higher than it would be otherwise.  Another factor that currently boosts the growth rate is the number of companies that have increased their dividends by higher amounts than normal due to the reduction in U.S. corporate tax rates.  Starting in early 2019, I may see average monthly income increases slow down a bit.

During the last calendar month, my average monthly income increased by 58 cents to $86.44.  Where did the increase in income come from?

International Paper (IP) raised its dividend on October 9.  That raised increased my average monthly income by 12 cents.

Penske Auto Group (PAG) raised its dividend on October 17.  This regular quarterly increased caused my average monthly income to go up 4 cents.

💗Iron Mountain (IRM) raised its dividend on October 25.  That resulted in an extra 18 cents added to my average monthly income.

💤Westrock (WRK) raised its dividend on October 26.  And my average monthly income went up by 7 cents.

In addition, several securities paid dividends in October, and the dividends were reinvested.  As a result, the average income going forward is 17 higher than a month ago.  These stock include BBY, CAH, EMN, GLW, HOG, HPQ, JCI, LAMR, LM, M, UNP, VIAB, WH, and WYND.

To meet my 2035 goal, my average monthly income will have to grow on average 11.56% per year going forward.  My current growth rate is currently considerably higher, so I am in no real hurry to adjust the holdings in the portfolio.

Ticker	Shares	Avg Monthly Dividends	One Year Ago	% Change
AAPL	5.190	$1.26	$1.09	15.87%
ABBV	9.930	$3.18	$2.12	50.00%
ADM	13.100	$1.46	$1.40	4.69%
ADNT	1.000	$0.09	$0.09
AFL	11.125	$0.96	$0.83	15.56%
AMGN	3.206	$1.41	$1.23	14.78%
AMP	5.327	$1.60	$1.47	8.43%
BA	4.307	$2.45	$2.04	20.42%
BBY	17.075	$2.56	$1.94	32.35%
BG	9.575	$1.60	$1.47	8.70%
CAH	7.409	$1.18	$1.14	3.01%
CCL	11.696	$1.95	$1.75	11.11%
EAT	10.878	$1.38	$1.38	0.00%
EMN	7.487	$1.40	$1.27	9.80%
GEO	25.949	$4.07	$4.07	0.00%
GILD	6.397	$1.22	$1.11	9.62%
GLW	28.768	$1.73	$1.49	16.13%
HBI	25.085	$1.25	$1.25	0.00%
HOG	13.005	$1.60	$1.58	1.37%
HPQ	39.401	$1.83	$1.74	4.97%
INTC	14.835	$1.48	$1.35	10.09%
IP	14.355	$2.39	$2.27	5.26%
IRM	16.520	$3.36	$3.24	4.00%
JCI	10.543	$0.91	$0.88	4.00%
JPM	8.480	$2.26	$1.58	42.86%
KSS	12.308	$2.50	$2.26	10.91%
LAMR	7.451	$2.26	$2.06	9.64%
LM	17.286	$1.96	$1.61	21.43%
M	13.619	$1.71	$1.71	0.00%
MPC	17.159	$2.63	$2.29	15.00%
OHI	18.100	$3.98	$3.92	1.54%
PAG	11.480	$1.42	$1.26	12.12%
PFE	16.282	$1.85	$1.74	6.25%
PRU	6.556	$1.97	$1.64	20.00%
PSX	6.428	$1.71	$1.50	14.29%
QCOM	9.883	$2.04	$1.88	8.77%
R	10.726	$1.93	$1.64	17.39%
SBUX	8.221	$0.99	$0.82	20.00%
T	17.318	$2.89	$2.83	2.04%
TGT	7.598	$1.62	$1.57	3.23%
UNP	6.380	$1.70	$1.29	32.23%
VIAB	12.791	$0.85	$0.85	0.00%
VZ	11.101	$2.23	$2.18	2.12%
WFC	10.659	$1.53	$1.39	10.26%
WH	7.371	$0.61	$0.00
WHR	3.184	$1.22	$1.17	4.55%
WRK	8.069	$1.22	$1.16	5.81%
WYND	7.445	$1.02	$1.44	-29.31%
TOTAL		$86.44	$77.99
Overall annual increase in dividend payments				10.83%
Overall dividend yield -- dividends reinvested				3.66%
Approximate annual growth rate including reinvestment and increases				14.89%
Annual growth rate needed				11.56%
Ahead of goal rate by				3.33%
At current growth rate, monthly payment starting December 2035				$926