EP #219 | More Quarterly Dividend Updates!

Introduction

In this episode of Dividend Talk, we discuss key takeaways from big names in their recent quarterly dividend updates and Q3 earnings. We cover major surprises, some unexpected dividend cuts, and key portfolio highlights. Much of the discussion focuses on the changing dynamic for companies heavily exposed to China and the latest dividend hikes that should excite shareholders. We also answer listener questions on diversification, broker choices, and thoughts on military stocks. See you on the Inside!

Timestamps and Tickers for Quarterly Dividend Updates

[00:00] – Introduction and reflections on the year so far
[00:05] – Estee Lauder’s dividend cut: impacts and insights ($EL)
[00:10] – Tobacco news with Philip Morris ($PM)
[00:15] – Visa’s double-digit dividend hike and EU regulations impact ($V)
[00:20] – Earnings review for AbbVie ($ABBV), Exxon Mobil ($XOM), and Rockwell Automation ($ROK)
[00:30] – Shell’s performance and debt reduction efforts ($SHEL)
[00:35] – T. Rowe Price earnings review ($TROW)
[00:45] – Clorox’s comeback post-cyber attack ($CLX)
[00:50] – Discussion on diversification, brokers, and financial independence

Dividend Hikes

AbbVie ($ABBV) raised its dividend by 12.8%, showcasing strong growth outside its flagship product, Humira. This quarterly dividend update highlights AbbVie’s expanding portfolio.
Exxon Mobil ($XOM) and Rockwell Automation ($ROK) each announced around 4% dividend hikes, reflecting solid financial performance this quarter.
Visa ($V) delivered a 13% quarterly dividend update, although new EU payment regulations could create additional competition. Still, Visa’s solid position makes this an impressive increase.

Earnings Analysis for Quarterly Dividend Updates

AbbVie ($ABBV): In this quarterly dividend update, AbbVie reported a 4% revenue rise thanks to growth in neuroscience and oncology, offsetting some Humira revenue decline.
Shell ($SHEL): Strong cash flows in this quarterly dividend update allowed Shell to focus on debt reduction. Refining and marketing revenues helped stabilize earnings despite a dip in oil prices.
T. Rowe Price ($TROW): The company’s quarterly dividend update showed a 6.9% increase in revenue and a 34% rise in EPS, largely due to market appreciation in its portfolio. With no debt on its balance sheet, T. Rowe Price remains well-positioned.
Clorox ($CLX): Clorox’s quarterly dividend update reflected a recovery after a cyber attack last year. While cash flows are tight and the payout ratio is high, Clorox’s 80% payout ratio makes it a cautious hold.

Listener Questions for Quarterly Dividend Updates

Diversification: European Dividend Growth Investor shared his approach to diversification, holding 50 stocks across 11 sectors, reinforcing that having multiple quarterly dividend updates within a portfolio can provide stability.
Financial Independence: Both hosts discussed what financial independence means for them. Quarterly dividend updates play a key role in maintaining stable cash flow over time, enabling their long-term plans.
Military Stocks: With recent global tensions, listener questions on military stocks raised good points. Quarterly dividend updates are strong for some of these companies, reflecting increased defence budgets across Europe and beyond.

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