Dividend Increases in 2023: UNH, O and TGT
Dividend Increase Announcement
On June 7th, UnitedHealth Group announced a dividend increase of 13.9%. This will increase their dividend from $1.65 to $1.88. It is payable on June 27th for shareholders of record on June 19th. The new dividend represents an annualized dividend amount of $7.52 per share as compared to the previous annualized dividend amount of $6.60 per share.
UnitedHealth Group Dividend Information
Annual Dividend: $7.52
Dividend Growth History: 14 years
Dividend Yield: 1.54%
Dividend Increase Effect
I am currently holding 3 shares of UnitedHealth Group stock in the More Dividends portfolio. With this 13.9% increase it will add an additional $2.76 to my projected annual dividend income and this doesn’t even take into account the compounding factor! That brings the new grand total up to $2,631.94
To Learn More About Dividend Investing Check Out This Book Called DIVIDEND INVESTING FOR BEGINNERS.
Current Stock Position
UnitedHealth Group is one of the newest positions in my portfolio. I was originally interested in the company because of their potential for future dividend growth. I still think that it may be a solid thesis but that’s not to say that there’s not headwinds in the future.
The company stock recently took a big hit when they announced that in the near future they could see prices going up because of a lot of people that have delayed their surgeries and other procedures because of the covid-19 pandemic. Thus far they seem to be one of the only companies looking at the future this way. So I have to take that into consideration that it may be headwinds in the short term but over the long term I think the company is still solid.
Given the recent headlines and the fact that the share price is currently around my cost basis, I would definitely consider adding to this position.
Dividend Increase Announcement
On June 13th, Realty Income announced a dividend increase of 0.2%. This will increase their dividend from $0.2550 to $0.2555. It is payable on July 14th for shareholders of record on July 3rd. The new dividend represents an annualized dividend amount of $3.07 per share as compared to the previous annualized dividend amount of $3.06 per share.
Realty Income Dividend Information
Annual Dividend: $3.07
Dividend Growth History: 30 years
Dividend Yield: 5.01%
Dividend Increase Effect
I am currently holding 49.734 shares of Realty Income stock in the More Dividends portfolio. With this 0.2%% increase it will add an additional $0.30 to my projected annual dividend income and this doesn’t even take into account the compounding factor! That brings the new grand total up to $2,632.24
To Learn More About Dividend Investing Check Out This Book Called DIVIDEND INVESTING FOR BEGINNERS.
Current Stock Position
What can I possibly say about realty income that hasn’t been said before. They are not referred to as the monthly dividend company for no reason. I have been holding this position for many years now and have no intentions of ever selling it.
In the past the company has weathered many dips in the market including several recessions. With a track record of not only paying but growing your dividend through all these different market conditions one can only expect that the company should do well during any future recession.
With realty income being a triple net lease Real Estate Investment Trust they are able to weather these conditions because they have their tenants locked in leases that are over the term of 10 and 20 years.
As I stated I will continue to hold this position but would love an opportunity to be able to add more stock to it. Not sure when I would see the share price drop back close to my cost basis but when it does I will be ready to add to this position to strengthen it.
Dividend Increase Announcement
On June 15th, Target announced a dividend increase of 1.9%. This will increase their dividend from $1.08 to $1.10. It is payable on September 10th for shareholders of record on August 16th. The new dividend represents an annualized dividend amount of $4.40 per share as compared to the previous annualized dividend amount of $4.32 per share.
Target Dividend Information
Annual Dividend: $4.40
Dividend Growth History: 51 years
Dividend Yield: 3.3%
Dividend Increase Effect
I am currently holding 17.313 shares of Target stock in the More Dividends portfolio. With this 1.9% increase it will add an additional $1.39 to my projected annual dividend income and this doesn’t even take into account the compounding factor! That brings the new grand total up to $2,633.63
To Learn More About Dividend Investing Check Out This Book Called DIVIDEND INVESTING FOR BEGINNERS.
Current Stock Position
Several years ago Target announced that they would be including unisex bathrooms into all their retail locations. When all the news media was covering this and it was written and bold in the headlines. It seemed like the perfect opportunity to initiate a position.
With a dividend history of 51 years of dividend increases, one would expect the company to continue their streak in the future.
Considering the time in which I started the position the share price is currently valued a lot more than my cost basis So based on that I would not be looking to add to this position currently. Plus as we all know we have been dealing with inflation for some time now and I just do not see that the retail sector being a good sector to invest in at the current time.
That’s not to say that I don’t like the company. That just means I am trying to wait for a better buying opportunity.
Regardless of how large or small, I love all dividend increases. That is how we end up with More Dividends 😉
Do you currently hold any stock in any of these companies? What do you think of this dividend increase? Just let me know in the comments.
As always I look forward to reading all of your comments and questions, until then….. happy investing!
-Jason from MoreDividends.com
Recent Dividend Increases in Portfolio
The Travelers Company has a 7.5% Dividend Increase in 2023
Apple has a 4.3% Dividend Increase in 2023
Flowers Foods has a 4.5% Dividend Increase in 2023
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