Dividend Hike and Hold 増配と増配見送り – MMM,ADM,GM


Hello readers, it is Wednesday night here in Japan, which means two days to work. Following portfolio companies of mine declared their dividend for the last two days.


ST. PAUL, Minn.–(BUSINESS WIRE)– The 3M Board of Directors (NYSE:MMM) today declared a dividend on the company’s common stock of $1.175 per share for the first quarter of 2017, an increase of 6 percent over the quarterly dividend paid in 2016. The dividend is payable March 12, 2017, to shareholders of record at the close of business on Feb. 17, 2017.This marks the 59th consecutive year 3M has increased its dividend. The company has paid dividends to its shareholders without interruption for 100 years. With this hike, the yield-on-cost of my position in MMM has become 3.0%.


CHICAGO–(BUSINESS WIRE)– Archer Daniels Midland Company’s (NYSE:ADM) Board of Directors has declared a cash dividend of 32 cents per share on the company’s common stock payable on March 14, 2017, to shareholders of record on Feb. 21, 2017.This is ADM’s 341st consecutive quarterly payment, a record of 85 years of uninterrupted dividends. 6.7% hike from the last quarter and the yield-on-cost of my position in ADM has improved to 3.7%.



DETROIT, Feb. 6, 2017 /PRNewswire/ — General Motors Co. (NYSE:GM) today declared a first quarter 2017 dividend of 38 cents per share on the outstanding shares of the Company’s common stock. The first quarter dividend is payable Friday, March 24, 2017 to all common stockholders of record as of Friday, March 10, 2017. This is disappointing me. I predicted the announcement of  some dividend hike (5-10%) from GM, but no hike. The yield-on-cost of my position in GM will remain 5.5%.

Disclosure: Long MMM, ADM,GM





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