Since the previous edition of our Dividend Growth Newsletter, we received some welcome news from a couple constituents in our portfolio (please see page 5).
Oil and gas pipeline operator Kinder Morgan Partners (KMP) raised its distribution 9% from the year-ago period, marking the 45th increase since current management took over in 1997. Phillips 66 (PSX), which we received after ConocoPhillips spun off its refining operations earlier this year, upped its dividend by an impressive 25%. Our Valuentum Dividend Cushion™ process continues to identify firms that are poised to raise their payouts significantly, while warning investors in advance of dividend cuts (as in SuperValu’s case).
We remain on track to achieve our goal of generating a high-single-digit return for the year, and we continue to evaluate our watch lists (please see pages 9 and 11) to put our growing cash balance to work.
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INSIDE THIS ISSUE
1 Portfolio Constituents Boost Dividend Payouts
1 Portfolio Holding Kinder Morgan Partners Raises Distribution (ticker: KMP)
2 AstraZeneca is Not Immune to Patent Cliff But Dividend Looks Strong (ticker: AZN)
3 Portfolio Holding Procter & Gamble Posts a Strong 1Q (ticker: PG)
3 Portfolio Holding Altria Posts a Strong 3Q (ticker: MO)
4 ConocoPhillips’ 3Q Free Cash Flow Was Disappointing (ticker: COP)
5 Our Dividend Growth Portfolio
6 International Paper Making Good on Cost Savings Promises (ticker: IP)
8 Portfolio Holding Phillips 66 Boosts Dividend (ticker: PSX)
9 Stocks with High VBI Ratings and Strong Dividend Growth Prospects
10 Linn Energy Continues to Capture Cash Flow (tickers: LINE, LNCO)
11 Our Dividend Growth Watch List
12 AT&T Continues to be a Cash Machine (ticker: T)
12 McDonald’s Sales Growth Looks Anemic in Third Quarter (ticker: MCD)
14 Portfolio Holding Hasbro Reports a Strong 3Q (ticker: HAS)
15 Disney Steals Lucasfilms (ticker: DIS)
16 About Our Dividend Cushion™
19 Yields to Avoid
20 Yields to Consider
21 Featured Reports: General Dynamics, Paychex, Eaton, Bristol-Myers
25 Our Valuentum Buying Index
28 Valuentum Definitions