Tuesday, December 16, 2014

2 Big Dividend increases

Over the last 24 hours shareholders of two companies received a very nice pay raise. I own one in my taxable account and the other in a Roth IRA. Both of these stocks had big increases last year also. I remeber Boeing being 50% and 3M may have been 33%. Those raises are bigger then I may be able to achieve from any company in a lifetime of a working career.


First was Boeing raising the dividend 25% from $0.73 to $0.91/share and approving a higher buyback amount of $12B worth next year. Also a bullish outlook with a record baklog helped them raise the dividend above analysts expectations.  Below is from a press release:

Boeing Co. said its board authorized the repurchase of $12 billion of the aerospace and defense company's shares over the next two to three years and raised its quarterly dividend by 25%. The company's quarterly dividend will rise to 91 cents, up 18 cents from its previous payout to shareholders of 73 cents a share. The dividend increase results in a yield of roughly 3%. The dividend is payable to stockholders of record as of Feb. 13, 2015.

3M wordmark.svg

This morning was 3M raising the dividend 20% from $0.855 to $1.025 per share. 3M also said that they project 12% earnings growth next year. This is from the 3M press release:

The board of directors of 3M (NYSE:MMM) today declared a dividend on the company’s common stock of $1.025 per share for the first quarter of 2015, a 20 percent increase over the quarterly dividend paid in 2014. The dividend is payable Mar. 12, 2015, to shareholders of record at the close of business on Feb. 13, 2015. 3M has paid dividends to its shareholders without interruption for 98 years.

Anyone else a happy shareholder in these names?

Photo Sources:http://en.wikipedia.org/wiki/Boeing


  1. I was nearly a shareholder in 3M, does that count? LOL seriously, well done. Massive increases are always welcome! Personally, I settle for companies that pay above inflation increases, as long as they can afford to pay and don't have crazy debt levels, then that keeps me happy.


    1. There's Value,

      Welcome to the investing blogging community. Thank you! It kind of does count because I missed out on so many opportunities I wanted to buy. Happy I was able to be in for the last couple raises. There are some great dividend growth companies to choose from. Anytime you can beat inflation by a long shot I'll take it.

      Thanks and keep it up!

  2. I'm quite happy being a MMM shareholder after that great announcement. Their track record is really quite long and impressive. I continue to hold MMM just waiting for better prices to buy more. Thanks for sahring.

    1. DivHut,

      The only mistake I made was not being able to buy a lot of 3M at the $77 and change entry price I paid. Oh well at least I built up a couple pretty well diversified accounts.