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Dividend Announcement Thread!
(01-29-2021, 07:11 PM)fenders53 Wrote:
(01-28-2021, 04:36 PM)DividendGarden Wrote: L3Harris Technologies (NYSE: LHX) declares $1.02/share quarterly dividend, 20% increase from prior dividend of $0.85.
This one made me smile.  I've been waffling a bit in my decision to make LHX a core holding or not.  I have been leaning two defense stocks. I think they just talked me into it.
Nice dividend raise, and a buyback announcement for 16% of their market cap ain't too shabby either!
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The are solid and everything they sell doesn't cost $50m a copy. As much as I like LMT and RTX, you can build a lot of infrastructure for the price of their war toys. I don't have a clue if defense spending gets frozen or reduced, but many LHX products cost sane amounts of money by comparison and the programs make less impressive PowerPoint slides when you are looking for something obscenely expensive to trim. It will be an interesting few years and they will all do OK until the next election if the current administration is not friendly.
As you guys probably know, I am a big fan of LHX. Especially at the current price.

-The merger synergies seem to be going even better than expected.

-A good product mix of things of the future. Communications, sensors, space technology etc.

-Fairly valued and while the dividend is quite small (around 2%), I think it's safe to expect a MINIMUM of 10% increase each year for years to come. 10% per year is a careful estimate, as you can see it was 20% this year and they can certainly keep that going too if they wish for quite a while. And they have been buying back absurd amounts of stock recently, though these buyback levels might have to calm down a bit in a year or two.
A current 2% dividend that grows at 10% is the definition of DGI in my mind. An aristocratic raising a mediocre dividend 2% to stay on a list not so much. What LHX is doing should put a floor under the SP. And if not I guess it will be paying a better current yield for new investments.
Otter Tail (NASDAQ: OTTR) declares $0.39/share quarterly dividend, 5.4% increase from prior dividend of $0.37.
3M (NYSE: MMM) declares $1.48/share quarterly dividend, 1% increase from prior dividend of $1.47.
Corning (NYSE: GLW) declares $0.24/share quarterly dividend, 9.0% increase from prior dividend of $0.22.
(02-03-2021, 01:39 PM)DividendGarden Wrote: Corning (NYSE: GLW) declares $0.24/share quarterly dividend, 9.0% increase from prior dividend of $0.22.

Wow blast from the past.  I used to own Corning in the 90s, and I forgot all about that stock.  Looking at its chart, wow it ballooned to $100 around 2000.  Then back to its normal.  Now it looks to be on a steady upward pace.  Might get back into it.
Corning ran to the moon on fiber optics back then. PE was insane IIRC. Manufactured kitchenware when I was a kid.

MMM has been added to my fake DGI Aristocrat list with T. Tough to get this behemoth back on the tracks. I think they will get it done eventually.
BCE bumped by ~5%.
Not great but better than T! Big Grin

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