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The Weekly Sonar – March 24, 2014




Dividend Payout Increases

Ticker Name Market Cap (Billions) Dividend Declaration Date Previous Dividend Latest Dividend Dividend Payout Change Dividend Yield
ANH Anworth Mortgage Asset Corp $0.7 03/20/2014 $0.08 $0.14 75% 10.7%
DSW DSW Inc $3.4 03/18/2014 $0.125 $0.1875 50% 2.0%
PDCO Patterson Cos Inc $4.3 03/18/2014 $0.16 $0.2 25% 1.9%
DFS Discover Financial Services $27.1 03/20/2014 $0.2 $0.24 20% 1.7%
GES Guess? Inc $2.4 03/19/2014 $0.2 $0.225 13% 3.2%
TMK Torchmark Corp $7.0 03/17/2014 $0.17 $0.19 12% 1.0%
GSBC Great Southern Bancorp Inc $0.4 03/19/2014 $0.18 $0.2 11% 2.6%
UDR UDR Inc $6.4 03/19/2014 $0.235 $0.26 11% 4.1%
HPQ Hewlett-Packard Co $60.5 03/20/2014 $0.1452 $0.16 10% 2.0%
RTN Raytheon Co $30.7 03/19/2014 $0.55 $0.605 10% 2.5%
INDB Independent Bank Corp/Rockland $1.0 03/20/2014 $0.22 $0.24 9% 2.4%
IBOC International Bancshares Corp $1.7 03/21/2014 $0.23 $0.25 9% 1.9%
APD Air Products & Chemicals Inc $25.9 03/20/2014 $0.71 $0.77 8% 2.5%
KRG Kite Realty Group Trust $0.8 03/20/2014 $0.06 $0.065 8% 4.3%
WASH Washington Trust Bancorp Inc $0.6 03/20/2014 $0.27 $0.29 7% 3.1%
RAS RAIT Financial Trust $0.7 03/19/2014 $0.16 $0.17 6% 8.1%
STLD Steel Dynamics Inc $3.9 03/18/2014 $0.11 $0.115 5% 2.6%
SUI Sun Communities Inc $1.8 03/20/2014 $0.63 $0.65 3% 5.9%
ARE Alexandria Real Estate Equitie $5.2 03/17/2014 $0.68 $0.7 3% 3.8%
WPC WP Carey Inc $6.1 03/20/2014 $0.87 $0.895 3% 5.8%

 

  • The 50% dividend hike at DSW Inc. (DSW) brings its yield to a level that’s more in line with the broader market. The company, formerly known as Designer Show Warehouse, raised its dividend by 39% in 2013.
  • Guess? (GES) designs, markets, distributes and licenses apparel and accessories for men, women and children. The company raised its dividend for the first time since 2010.
  • UDR, Inc. (UDR) is a residential real estate investment trust (REIT) that owns or has an ownership position in 52,949 apartments. The 11% increase in 2014 compares with a 7% increase in 2013.
  • Hewlett-Packard (HPQ) has methodically raised its dividend 10% in each of the past three years.
  • Raytheon (RTN), a military contractor that manufactures missiles and radar systems, has increased its payout by 10% for the past two years. The company should be added to the Dividend Achievers Index next year with this dividend increase.
  • Air Products & Chemicals (APD), an S&P 500 Dividend Aristocrat, increased its payout by 8%. This follows an 11% increase in 2013 and a 10% increase in 2012.
  • Sun Communities (SUI) is a REIT that specializes in manufactured homes and recreational vehicle communities. This is the first dividend increase for the company since 2005.
  • Most companies strive to increase their dividend every year. Not W.P. Carey (WPC)… It raises it every quarter. This REIT has raised its regular cash dividend for 52 consecutive quarters (since 2001).

Irregular Dividend Payouts

Ticker Name Market Cap (Billions) Dividend Declaration Date Previous Dividend Latest Dividend 12-Month Dividend Yield
WMC Western Asset Mortgage Capital $0.5 03/20/2014 $0.820419 $0.67 19.4%
HGT Hugoton Royalty Trust $0.3 03/21/2014 $0.051051 $0.087545 10.5%
NDRO Enduro Royalty Trust $0.4 03/21/2014 $0.100655 $0.070692 11.5%
SJT San Juan Basin Royalty Trust $0.8 03/21/2014 $0.086724 $0.119297 5.1%
PBT Permian Basin Royalty Trust $0.6 03/21/2014 $0.091691 $0.108529 7.0%

 

Dividend Initiations

Ticker Name Market Cap (Billions) Dividend Declaration Date Dividend Dividend Yield
OCIP OCI Partners LP $1.9 03/19/2014 $0.61 10.4%
WSBF Waterstone Financial Inc $0.4 03/18/2014 $0.05 1.9%

 

Dividend Reductions

Ticker Name Market Cap (Billions) Dividend Declaration Date Previous Dividend Latest Dividend Dividend Payout Change Dividend Yield
DX Dynex Capital Inc $0.5 03/18/2014 $0.27 $0.25 -7% 11.0%

 

Dividend Action Watch

Ticker Name Tentative Dividend Declaration Date
SCS Steelcase Inc 03/25/2014
RAVN Raven Industries Inc 03/25/2014
CAC Camden National Corp 03/26/2014
SIG Signet Jewelers Ltd 03/27/2014
CHCO City Holding Co 03/28/2014

 

Source: Dividends & Income Daily Research, Bloomberg

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