Dividend increase #53 of 2022 : Emerson Electric

Emerson Electric completed 66th year of consecutive increased quarterly dividends per share; declared increase of quarterly cash dividend to $0.52 per share of common stock payable December 9, 2022 to stockholders of record November 11, 2022

 

Dividend increase #52 of 2022 : Alliance Resource Partners

Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that the Board of Directors of ARLP’s general partner approved an increased cash distribution to its unitholders for the quarter ended September 30, 2022 (the "2022 Quarter").

ARLP unitholders will receive a cash distribution for the 2022 Quarter of $0.50 per unit (an annualized rate of $2.00 per unit), payable on November 14, 2022 to all unitholders of record as of the close of trading on November 7, 2022. The announced distribution represents a 150.0% increase over the cash distribution of $0.20 per unit for the quarter ended September 30, 2021 and a 25.0% increase over the cash distribution of $0.40 per unit for the quarter ended June 30, 2022.

 

Dividend increase #51 of 2022 : Kontoor Brands Inc.

Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world’s most iconic consumer brands, Wrangler^® and Lee^®, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.48 per share of its common stock, an increase of $0.02 or 4 percent. The cash dividend will be payable on December 19, 2022, to shareholders of record at the close of business on December 9, 2022.

 

Dividend increase #50 of 2022 : AbbVie Inc.

AbbVie increased the quarterly dividend by 5% from $1.41 per share to $1.48 per share.

 

Dividend increase #49 of 2022 : VF Corporation

VF’s Board of Directors declared a quarterly dividend of $0.51 per share, reflecting a 2% increase over the previous quarter’s dividend. This dividend will be payable on December 20, 2022, to shareholders of record at the close of business on December 12, 2022. 

 

Dividend increase #48 of 2022 : Ares Capital Corporation

Ares Capital Corporation ("Ares Capital") (NASDAQ: ARCC) announced that its Board of Directors has declared a fourth quarter dividend of $0.48 per share. The fourth quarter dividend is payable on December 29, 2022 to stockholders of record as of December 15, 2022. The Board of Directors previously declared on February 9, 2022 an additional dividend of $0.03 per share, subject to the satisfaction of certain Maryland law requirements, payable on December 29, 2022 to stockholders of record as of December 15, 2022.

 

Dividend increase #47 of 2022 : Gladstone Investment Corporation

Gladstone Investment Corporation (Nasdaq:GAIN) announced today that its board of directors declared the following monthly cash distributions to common stockholders.

Common Stock: $0.08 per share of common stock for each of October, November and December 2022, and a supplemental distribution of $0.12 per share of common stock in December 2022, all payable per the table below.

Record Date	Payment Date	Cash Distribution
October 21	October 31	$0.08
November 18	November 30	$0.08
December 6	December 15	$0.12
December 20	December 30	$0.08

New purchase : Bank of Montreal

Started new position in portfolio by purchasing 10 shares of Bank of Montreal (TSE:BMO). 

Bank of Montreal (the Bank) is a Canada-based financial services provider. The Bank provides a range of personal and commercial banking, wealth management, global markets and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets. The Personal and Commercial Banking business includes two retail and business banking operating segments, such as Canadian Personal and Commercial Banking and the United States Personal and Commercial Banking. Its BMO Wealth Management business serves a range of client segments, from mainstream to high net worth and institutional, with an offering of wealth management products and services, including insurance. Its BMO Capital Markets business provides a range of products and services to corporate, institutional and government clients, through its investment and corporate banking and global markets lines of business

 

Status update : September 2022

 Dividends received in September

- 60.10 from Canadian Natural_Resources
- 28.54 from Canadian Utilities
- 32.95 from Enbridge Inc.
- 16.98 from Fortis Inc
- 19.92 from Southern Company
- 11.61 from Amgen Inc.
- 24.17 from AGNC Investment
- 7.58 from Emerson Electric
- 13.14 from Realty Income
- 14.35 from Pembina Pipeline
- 10.18 from EPR Properties
- 27.52 from Main Street
- 10.10 from Flowers Foods
- 9.17 from Kontoor Brands
- 16.46 from Prospect Capital
- 22.71 from VF Corporation
- 25.86 from Dominion Energy
- 14.52 from LTC Properties
- 13.44 from Orchid Island
- 73.76 from Ares Capital
- 63.79 from Triton International
- 17.50 from Capman Oyj
- 19.98 from Gladstone Investment_Corp
- 47.48 from SFL Corporation
- 3.18 from Gladstone Commercial_Corp

This makes a total of 604.99 in dividends received from 25 companies. Previous year I received 380.81 in September. This is a 56.03% change in dividends

 

Progress update : September 2022

Quote	2019	2020	2021	2022	1y chg	2y chg	3y chg
Canadian Natural_Resources	-	-	-	60.10
Canadian Utilities	-	6.96	20.61	28.54	38.47%	310.0%
Enbridge Inc.	15.12	26.10	27.98	32.95	17.76%	26.24%	117.9%
Fortis Inc	-	-	9.81	16.98	73.08%
Southern Company	16.30	15.76	16.16	19.92	23.26%	26.39%	22.20%
Amgen Inc.	-	-	-	11.61
Huhtamaki Oyj	-	13.35	-	-
AGNC Investment	12.91	9.20	18.00	24.17	34.27%	162.7%	87.21%
Emerson Electric	6.66	6.33	6.43	7.58	17.88%	19.74%	13.81%
Realty Income	7.77	7.48	10.59	13.14	24.07%	75.66%	69.11%
Pembina Pipeline	-	-	9.35	14.35	53.47%
EPR Properties	9.96	-	7.81	10.18	30.34%	%
Main Street	16.01	14.87	14.95	27.52	84.08%	85.07%	71.89%
Flowers Foods	-	-	-	10.10
Kontoor Brands	10.19	-	6.82	9.17	34.45%	%
Prospect Capital	11.94	11.13	11.25	16.46	46.31%	47.88%	37.85%
VF Corporation	13.70	14.32	14.62	22.71	55.33%	58.58%	65.76%
Dominion Energy	29.28	30.83	20.90	25.86	23.73%	-16.1%	-11.6%
LTC Properties	13.09	12.14	12.30	14.52	18.04%	19.60%	10.92%
Orchid Island	-	4.45	23.26	13.44	-88.4%	-39.7%
Ares Capital	26.47	40.80	55.70	73.76	32.42%	80.78%	178.6%
Triton International	45.75	42.74	46.62	63.79	36.82%	49.25%	39.43%
Capman Oyj	-	-	17.50	17.50	0%
Gladstone Investment_Corp	-	-	4.86	19.98	311.1%
SFL Corporation	63.20	43.13	25.29	47.48	87.74%	10.08%	-24.8%
Gladstone Commercial_Corp	-	-	-	3.18
Total	312.16	299.60	380.81	604.99	56.03%	98.33%	90.35%

New Purchase : Gladstone Commercial Corporation

Added 36 shares of Gladstone Commercial Corporation (NYSE:GOOD) at $16.07 per share. I now hold 61 shares of Gladstone Commercial Corporation.

Dividend increase #46 of 2022 : Emera Inc.

Board of Directors of Emera Inc. (TSX: EMA) approved an increase in the annual common share dividend to $2.76 from $2.65 per common share and extended its dividend growth rate target of four to five per cent through 2025.

“Our strategy remains focused on executing on our clean energy commitments that will deliver value for our customers and in doing so will create value for our shareholders.” said Scott Balfour, President and CEO of Emera Inc. “Today’s dividend increase and the extension of our dividend growth guidance of four to five percent through 2025 reflect the confidence we have in our portfolio of high-quality regulated utilities and their ability to drive earnings and cash flow growth.”