Dividend Stock Investing

Monday, July 1, 2024

==Bank of America (BAC) to increase quarterly dividend by 8% to $0.26/share

Bank of America to increase quarterly dividend by 8% to $0.26/share following the Fed's Stress Test results

Earnings Date	Jul 16, 2024
Forward Dividend & Yield	0.96 (2.40%)
Ex-Dividend Date	Jun 07, 2024

Co announced plans to increase its quarterly common stock dividend to $0.26 per share beginning in the third quarter of 2024.
Based on the 2024 CCAR results, Bank of America's stress capital buffer (SCB) will be 3.2% and the CET1 minimum requirement will be 10.7% when finalized. This new SCB will be effective from October 1, 2024 to September 30, 2025. At March 31, 2024 Bank of America had $197 billion of regulatory CET1 capital and a CET1 ratio of 11.9% which exceeds our current regulatory minimum requirement of 10.0%.

Friday, June 28, 2024

Verizon Communications (VZ)

Quarterly Dividend / Yield $0.665 / 6.52%
Ex-Dividend Date 07/10/2024
Dividend Payable Date 08/01/2024
Next Earnings Date 07/22/2024

Thursday, June 27, 2024

==Kroger (KR) increases quarterly cash dividend 10% to $0.32/share from $0.29/share

Quarterly Dividend / Yield $0.29 / 2.35%

Ex-Dividend Date 05/14/2024

Dividend Payable Date 06/01/2024

Next Earnings Date 09/12/2024

==Agree Realty Corporation (ADC)

Monthly Dividend / Yield $0.25 / 4.91%

Ex-Dividend Date 06/28/2024

Dividend Payable Date 07/15/2024

Next Earnings Date 07/23/2024

Sector(s): Real Estate

Industry: REIT - Retail

https://www.agreerealty.com

Agree Realty cut its dividend in 2011 because of the bankruptcy of one of its tenants. The dividend has been growing steadily since 2013, or roughly for a decade. And, more importantly, the dividend cut came when Agree owned fewer than 100 properties. Today, the net lease real estate investment trust (REIT) owns over 2,100 properties. (A net lease requires the tenant to pay for most property-level operating costs.) It just isn't the same company it was in 2011.

Agree is now a relatively fast-growing REIT that has rewarded investors with a relatively fast-growing dividend. To be fair, Agree's dividend has only grown at around 6% or so a year over the past decade. But that's almost twice as fast as net lease REIT giant Realty Income. The real attraction of Agree, however, is the opportunity that lies ahead as it continues to buy new properties. Given that Realty Income owns over 15,400 buildings, Agree's runway for growth looks very long. You can collect an attractive yield of 4.8% if you buy into this growing REIT.