Casey's General Stores, FedEx, United Health Group Expected To Announce Double-Digit Dividend Increases In June

Those of you who follow this series of articles know that I track the dividend increases of a variety of long-term dividend growth companies. Back in the end of April, I provided predictions for 15 dividend growth companies that have historically announced annual payout increases in May. We’ll take a look at those before we go to my predictions for June (you can see the article with the original predictions here):
(All yields are based on stock prices at the market close on Friday, May 31.)
Results for the 15 Dividend Increase Predictions from May
Bunge Limited (BG)
Prediction: 4.0 – 7.0% increase to $2.08 - $2.14
Actual: 0% increase to $2.00
Forward yield: 3.82%
I expected a moderate dividend increase from the agribusiness company. Unfortunately for investors, Bunge has decided to defer, and possibly skip, its dividend increase this year. Since the payout increase is in the middle of the year, the company will retain its year-over-year dividend growth record.
Cardinal Health (CAH)
Prediction: 2.0 – 4.0% increase to $1.9433 - $1.9814
Actual: 1.0% increase to $1.9244
Forward yield: 4.57%
EPS growth guidance of 3% doesn’t lead to expectations for a large dividend boost, but I had expected Cardinal Health’s 35th annual dividend to be a bit higher.
Cracker Barrel Old Country Store (CBRL)
Prediction: 2.1 – 4.2% increase to $4.90 - $5.00
Actual: Deferred to June
The restaurant and specialty retail operator will... Read more