New purchase : Trinity Capital Inc

Added 35 shares of Trinity Capital Inc.(NYSE:TRIN) at $15.38 per share. I now hold 142 share of Trinity Capital Inc. 

Dividend increase #53 of 2023 : Trinity Capital Inc.

Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or the "Company"), a leading provider of diversified financial solutions to growth stage companies, today announced that on December 14, 2023, its Board of Directors declared a cash dividend of $0.50 per share with respect to the quarter ending December 31, 2023. This dividend represents an increase of 2.0% over the regular dividend declared in the prior quarter.

 

Dividend increase #52 of 2023 : Vermilion Energy

Vermillion Energy declares 20% dividend increase. 

"Messaging on return of capital has been consistent throughout 2023. We set a net debt target of $1 billion, representing low leverage at mid-pricing, and we were disciplined in allocating our FCF throughout the year by prioritizing debt reduction until this target was achieved. We made a commitment to increase the return of capital to shareholders once we achieved this net debt target. As part of this commitment, we intend to provide a ratable increase to our base dividend over time. To this end, we are pleased to announce a 20% increase in our quarterly cash dividend to $0.12 per share commencing with the Q1 2024 dividend, payable in April 2024. This base dividend will amount to approximately $75 million on an annual basis, representing approximately 6% of 2024 FFO".

 

Dividend increase #51 of 2023 : Amgen Inc.

Amgen Inc. (NASDAQ:AMGN) declares $2.25/share quarterly dividend, 5.6% increase from prior dividend of $2.13. Forward yield 3.29%. Payable March 7 for shareholders of record Feb. 16. Ex-div date February 15.

 

Dividend increase #50 of 2023 : Realty Income Corporation

Realty Income (NYSE:O) declares $0.2565/share monthly dividend, 0.2% increase from prior dividend of $0.2560. Forward yield 5.65%. Payable Jan. 12; for shareholders of record Jan. 2; ex-div Jan. 29.

 

Dividend decrease #12 of 2023 : W.P. Carey Inc.

W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors declared a quarterly cash dividend of $0.860 per share, equivalent to an annualized dividend rate of $3.44 per share, reflecting both the Company's strategic plan to exit the office assets within its portfolio (announced on September 21, 2023) and a lower payout ratio. The dividend is payable on January 16, 2024 to stockholders of record as of December 29, 2023.

"The dividend announced takes into account the impacts of our recently announced strategic plan to exit our office assets and sets a new baseline from which to grow going forward. It also reflects a lower payout ratio, enabling us to retain higher cash flow that can be redeployed into new investments. We believe this approach will enhance our cost of capital, supporting AFFO growth and a rising dividend over time, in addition to providing a steady source of income to our shareholders."

 

Dividend increase #49 of 2023 : Bank of Montreal

Bank of Montreal (TSE:BMO) declares CAD $1.51 per share quarterly dividend, 2.7% increase from prior dividend of CAD $1.47. Payable Feb 27 for shareholders of record Jan 30. ex-div date on Jan 29.

 

 

 

Status update : November 2023

 Dividends received in November

- 23.06 from Medifast Inc.
- 26.19 from AT&T 
- 12.32 from Lowes Companies
- 52.03 from Verizon Communications
- 7.70 from Sanoma Oyj
- 11.25 from Nokia 
- 23.02 from AGNC Investment
- 24.47 from National_Health_Investors 
- 48.57 from Emera Inc.
- 62.69 from Omega Healthcare
- 57.02 from AbbVie Inc.
- 21.94 from Realty Income
- 9.35 from EPR Properties
- 4.91 from Whitecap Resources
- 20.79 from Main Street
- 18.75 from UPM-Kymmene 
- 14.79 from Prospect Capital
- 26.63 from Telia Company
- 46.19 from Royal_Bank_of_Canada 
- 39.44 from Bank_of_Montreal 
- 13.08 from LTC Properties
- 56.52 from Gladstone Investment_Corp
- 11.54 from Gladstone Commercial_Corp
- 24.21 from Gladstone Capital_Corp

This makes a total of 656.44 in dividends received from 24 companies. Previous year I received 636.59 in November. This is a 3.12%% change in dividends

 

Progress update : November 2023

Quote	2020	2021	2022	2023	1y chg	2y chg	3y chg
Medifast Inc.	-	-	-	23.06
AT&T	33.38	44.81	28.03	26.19	-6.56%	-41.5%	-21.5%
Lowes Companies	-	-	-	12.32
Verizon Communications	20.99	29.27	44.59	52.03	16.69%	77.76%	147.8%
Sanoma Oyj	15.00	18.20	18.90	7.70	-59.2%	-57.6%	-48.6%
Nokia	-	-	7.50	11.25	50.00%
AGNC Investment	9.19	18.35	24.46	23.02	-5.89%	25.45%	150.4%
National_Health_Investors	26.87	22.51	26.63	24.47	-8.11%	8.71%	-8.93%
Enterprise Products	21.85	22.79	26.48	-	-100.%	-100.%
Emera Inc.	-	12.89	32.43	48.57	49.77%	276.8%
Alliance Resource	-	8.38	23.07	-	-100.%
Golar LNG	0.80	-	-	-
Omega Healthcare	57.45	59.50	65.48	62.69	-4.26%	5.36%	9.12%
AbbVie Inc.	28.77	47.53	56.74	57.02	0.49%	19.97%	98.19%
Realty Income	7.50	11.00	12.64	21.94	73.58%	99.45%	192.5%
Pembina Pipeline	-	9.84	14.13	-	-100.%
EPR Properties	-	8.05	9.75	9.35	-4.10%	16.15%
Whitecap Resources	-	-	-	4.91
Main Street	14.86	15.88	18.20	20.79	14.23%	30.92%	39.91%
UPM-Kymmene	-	-	-	18.75
Lazard Ltd	15.78	18.98	22.10	-	-100.%	-100.%
Prospect Capital	11.12	11.65	15.65	14.79	-5.50%	26.95%	33.00%
Telia Company	-	63.10	60.20	26.63	-55.7%	-57.8%
Royal_Bank_of_Canada	18.12	19.66	23.99	46.19	92.54%	134.9%	154.9%
Bank_of_Montreal	-	-	10.00	39.44	294.4%
LTC Properties	11.90	12.59	13.68	13.08	-4.39%	3.89%	9.92%
Crestwood Equity	31.56	34.57	37.77	-	-100.%	-100.%
Orchid Island	12.23	24.22	12.90	-	-100.%	-100.%
Gladstone Investment_Corp	-	8.59	20.17	56.52	180.2%	557.9%
Gladstone Commercial_Corp	-	-	11.10	11.54	3.96%
Gladstone Capital_Corp	-	-	-	24.21
Total	337.37	522.36	636.59	656.44	3.12%	25.67%	94.58%

 

New purchase : Nordea

Added 22 shares of Nordea Bank (HEL:NDA-FI) at 10.30€ per share. I now hold 390 shares of Nordea Bank.

Dividend increase #48 of 2023 : Royal Bank of Canada

Royal Bank of Canada (TSX: RY) (NYSE: RY) announced today that its board of directors has declared an increase to its quarterly common share dividend of three cents or two per cent to $1.38 per share, payable on and after February 23, 2024, to common shareholders of record at the close of business on January 25, 2024.

 

Dividend increase #47 of 2023 : Enbridge Inc.

Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that its Board of Directors has declared a quarterly dividend of $0.9150 per common share, payable on March 1, 2024 to shareholders of record on February 15, 2024.  

The declared dividend represents a 3.1% increase from the prior quarterly rate and the twenty-ninth consecutive year in which the Company has increased its common share dividend.

 

Gladstone Investment Corporation to pay supplemental distribution in December

Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company") announced today that its board of directors declared the following additional supplemental cash distribution to common stockholders in December 2023.

Common Stock: A supplemental distribution of $0.88 per share of common stock in December 2023 payable per the table below.

Record Date		Payment Date		Cash Distribution
December 5		December 15		$0.88

"This additional supplemental distribution highlights the strength of Gladstone Investment's buyout strategy and its ability to reward its shareholders with meaningful supplemental distributions from the realized capital gains generated on the equity portion of the Company's successful exits," said David Dullum, President of Gladstone Investment.

The Company will pay an aggregate of $1.00 per share of supplemental cash distributions to common stockholders during the three months ended December 31, 2023, including the November 2023 supplemental cash distribution to common stockholders previously announced on October 10, 2023.

New purchase : T. Rowe Price Group

Added 15 shares of T. Rowe Price Group Inc. (NYSE:TROW). I now hold 30 shares of T. Rowe Price Group Inc.

New purchase : Saratoga Investment Corporation

Added 45 shares of Saratoga Investment Corporation (NYSE:SAR) at $25.70 per share. I now hold 90 shares of Saratoga Investment Corporation

Dividend increase #46 of 2023 : Saratoga Investment Corp.

Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced that its Board of Directors has declared a quarterly dividend of $0.72 per share for the fiscal third quarter ended November 30, 2023, an increase of $0.01 from $0.71 per share in the prior fiscal second quarter, and the fifteenth quarterly dividend increase in a row. This dividend is payable on December 28, 2023, to all stockholders of record at the close of business on December 11, 2023. 

 

Dividend increase #45 of 2023 : SFL Corporation

The Board of SFL Corporation (NYSE:SFL) has declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on or around December 28, to shareholders of record as of December 15, and the ex-dividend date on the New York Stock Exchange will be December 14, 2023. This is 1 cent increase over the dividend of previous quarter

New purchase : Fortis Inc.

Added 20 shares of Fortis Inc. (TSE:FTS) at CAD56.40 per share. I now hold 76 shares of Fortis Inc.

New purchase : Amgen Inc.

Added 3 shares of Amgen Inc. (NYSE:AMGN) at $272.83 per share. I now hold 17 shares of Amgen Inc.

Dividend increase #44 of 2023 : Emerson Electric

Emerson Electric (NYSE:ERM) declared a quarterly cash dividend of $0.525 per share of common stock payable December 11, 2023 to stockholders of record November 17, 2023. This is a 0.96% increase over the dividend of the previous quarter. Small but steady increases from Emerson keep coming year after year.

Dividend increase #43 of 2023 : Telus Corporation

Telus Corporation (TSE:T) Board of Directors has declared a quarterly dividend of $0.3761 Canadian per share on the issued and outstanding Common shares payable on January 2, 2024 to shareholders of record at the close of business on December 11, 2023. This a a nice 3.4% increase over the dividend of the previous quarter.

 

Dividend decrease #11 of 2023: Chimera Investment Corp.

The Board of Directors of Chimera Investment Corporation announced the declaration of its fourth quarter cash dividend of $0.11 per common share. The dividend is payable January 31, 2024 to common stockholders of record on December 29, 2023. The ex-dividend date is December 28, 2023. Another decrease this year...not good.

W.P. Carey spin-off for Net Lease Office Properties is completed

 W. P. Carey Inc. (W. P. Carey, NYSE: WPC) today announced that it has completed the previously announced spin-off of 59 office properties (the "Spin-Off") into Net Lease Office Properties ("NLOP"), a separate, publicly-traded real estate investment trust that will be listed on the New York Stock Exchange ("NYSE") under the symbol "NLOP."

Under the terms of the Spin-Off, W. P. Carey stockholders received one NLOP common share for every 15 shares of W. P. Carey common stock held as of the record date of October 19, 2023. W. P. Carey stockholders will receive cash in lieu of any fractional shares they would otherwise have been entitled to receive in the distribution.

In addition W.P. Carey also declared a dividend of $1.048494 per share which is a 1.5% decrease from previous quarter dividend. This decrease is related to spin-off so I will not consider it as a dividend cut.

 

Dividend increase #43 of 2023 : Canadian Natural Resources

Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announces that its Board of Directors has approved an 11% increase to its quarterly cash dividend on its common shares to C$1.00 (One dollar) per common share. The dividend will be payable on January 5, 2024 to shareholders of record at the close of business on December 8, 2023.

 

Status report : October 2023

 Dividends received in October

- 37.71 from Telus Corporation
- 40.96 from Canadian Natural_Resources
- 61.06 from Iron Mountain
- 23.28 from Coca-Cola 
- 27.50 from Huhtamaki Oyj
- 23.24 from AGNC Investment
- 58.70 from Fortum 
- 67.54 from Altria Group
- 54.68 from Trinity Capital
- 13.87 from Algonquin Power_and_Utils
- 58.78 from W.P. Carey
- 16.53 from Realty Income
- 9.62 from EPR Properties
- 21.43 from Main Street
- 4.52 from Vermilion Energy
- 15.32 from Prospect Capital
- 28.02 from Bank_of_Nova_Scotia 
- 13.50 from LTC Properties
- 12.67 from Orchid Island
- 45.20 from Annaly_Capital_Management 
- 36.08 from Rithm Capital
- 29.83 from Chimera Investment
- 23.23 from Gladstone Investment_Corp
- 11.93 from Gladstone Commercial_Corp
- 25.04 from Gladstone Capital_Corp

This makes a total of 760.25 in dividends received from 25 companies. Previous year I received 729.68 in October. This is a 4.19%% change in dividends. Small increase is always better than decrease.

Progress report : October 2023

Quote	2020	2021	2022	2023	1y chg	2y chg	3y chg
Telus Corporation	20.54	32.44	37.96	37.71	-0.66%	16.25%	83.59%
Canadian Natural_Resources	-	8.98	29.40	40.96	39.32%	356.1%
Iron Mountain	49.41	52.69	61.89	61.06	-1.34%	15.89%	23.58%
Coca-Cola	18.53	19.19	23.59	23.28	-1.31%	21.31%	25.63%
Huhtamaki Oyj	-	18.40	25.85	27.50	6.38%	49.46%
Nordea	-	264.96	-	-
AGNC Investment	9.24	18.42	25.34	23.24	-8.29%	26.17%	151.5%
Fortum	-	-	-	58.70
Altria Group	43.70	56.66	70.55	67.54	-4.27%	19.20%	54.55%
Trinity Capital	-	-	65.57	54.68	-16.6%
Algonquin Power_and_Utils	-	9.76	23.45	13.87	-40.8%	42.11%
W.P. Carey	43.46	52.39	62.64	58.78	-6.16%	12.20%	35.25%
Realty Income	7.59	10.80	13.49	16.53	22.54%	53.06%	117.7%
Pembina Pipeline	-	9.77	14.48	-	-100.%
EPR Properties	-	7.94	10.41	9.62	-7.59%	21.16%
Main Street	15.06	15.59	19.42	21.43	10.35%	37.46%	42.30%
STORE Capital_Corp	4.58	18.51	-	-	%
Vermilion Energy	-	-	3.85	4.52	17.40%
Prospect Capital	11.17	11.34	16.54	15.32	-7.38%	35.10%	37.15%
Telia Company	47.72	-	-	-
Bank_of_Nova_Scotia	16.73	18.12	30.34	28.02	-7.65%	54.64%	67.48%
LTC Properties	12.25	12.32	14.34	13.50	-5.86%	9.58%	10.20%
Orchid Island	8.26	23.45	13.32	12.67	-4.88%	-45.9%	53.39%
Annaly_Capital_Management	-	25.95	65.47	45.20	-30.9%	74.18%
Rithm Capital	19.58	32.70	38.27	36.08	-5.72%	10.34%	84.27%
Chimera Investment	31.62	34.77	34.72	29.83	-14.0%	-14.2%	-5.66%
Gladstone Investment_Corp	-	6.28	21.02	23.23	10.51%	269.9%
Gladstone Commercial_Corp	-	-	7.67	11.93	55.54%
Gladstone Capital_Corp	-	-	-	25.04
Total	359.44	761.43	729.68	760.25	4.19%	-0.15%	111.5%