Ex-dividend this week:
1 Aristocrat: NUE$Nucor(NUE)$ will pay dividend on Sep 29.
3 Contenders: BATS$BR.AMER.TOB.(BATS.UK)$ ,MDLZ$Mondelez(MDLZ)$ and PM$Philip Morris(PM)$ will pay dividend between Sep 27 and Sep 29.
1 Challenger: IIPR$Innovative Industrial Properties Inc(IIPR)$ will pay dividend on Sep 29.1.Nucor Announces 198th Consecutive Cash Dividend
The board of directors of Nucor CorporationNUEdeclared the regular quarterly cash dividend of$0.50per share on Nucor's common stock. This cash dividend is payable onNovember 10, 2022to stockholders of record onSeptember 30, 2022and is Nucor's 198thconsecutive quarterly cash dividend.
2.BATS, a long-standing dividend share
British American Tobacco currently offers adividend yield of 6.27%, above the FTSE 100 average of 3.89%. Over the past year, the share price has risen by 27%, an impressive gain.
It has enjoyed 22 years of consecutive dividend growth, which is one of the hallmarks I look for when trying to find a good dividend share. In large part, the dividend payments over time are a reflection of the core profitability of the business.
The tobacco industry might not be to everyone’s liking, and some might not want to invest in this area. But fundamentally, it’s been a source of high profits for decades now. The high level of repeat custom from people, along with the oligopoly like market structure has allowed the firm to outperform.
Of course, the shift towards vaping and nicotine alternatives means that there’s a risk that British American Tobacco becomes a dinosaur that can’t adapt. However, I haven’t seen any material worrying signs that the business isn’t planning for the future of the industry.
3.Mondelez
At the end of July, Mondelez released stronger-than-expected results for its most recent 2nd quarter 2022 financials. Diving straight in, the company posted earnings of $0.67 per share and revenue of $7.3 billion for the second quarter of 2022.
This is in comparison with analysts’ estimates for the quarter, which were $0.64 earnings per share, along with revenue estimates of $6.8 billion. The revenue numbers from Q2 represent a 9.5% increase on a year-over-year basis. Aside from that, Mondelez also announced a 10% increase in its quarterly dividend.
As of Friday’s afternoon session, MDLZ stock is down over 2% at $58.44 per share. After reading this, do you think MDLZ stock would be a good addition to your portfolio?
4.Philip Morris
The company announced that it would pay shareholders a quarterly dividend of $1.27 per share. Philip Morris Intl will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $1.27 lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date. Shareholders who own PM as of the end of Monday's session are eligible to receive the $1.27 dividend payout for every share that they own.
According to the company, this dividend will be paid out to shareholders on October 12, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.
5.IIPR
Innovative Industrial Properties declared a quarterly dividend of $1.80, which represents a 2.8% increase from the $1.75 dividend that it was previously paying. IIP has been paying a dividend since 2017, and only once has it paid the same dividend for three straight quarters; the REIT has normally hiked its payouts multiple times a year.
I expected that the company would be a bit more cautious given the challenges with Kings Garden, but IIP remains intent on frequently raising its dividend. With the increase, the stock now yields more than 7% per year. That's more than four times the 1.7% yield that the S&P 500$S&P 500(.SPX)$ averages.
For the three-month period ending June 30, IIP's diluted FFO was $1.97, which is above the $1.80 quarterly dividend it is paying right now. The caveat here is that these recent financials don'tinclude the impact of the recent default by Kings Garden -- that took place in July, after the close of the period. And so it's likely that the gap between the dividend and the FFO per share will be even narrower. The dividend does look safe for now, but thepot stockis certainly riskier than it was before.
https://twitter.com/DividendWave/status/1574067676607127552
Comments
[Cool] [Cool]