Dividend cut (BBL) and raises (PM, O)

This year has not been too kind with regards to dividend growth. I received several dividend cuts (or "suspensions") with the cut from Shell being the toughest. The latest dividend cut is BBL. A few weeks ago they declared a dividend of $ 1,10 per share which is a 15% decrease from last years dividend. My annual dividend income will decrease by about € 10.

However there's also some good news. Recently PM raised its dividend by almost 3% to $1,20 per share. Realty Income (O) raised its monthly dividend to $0,234 which is a whopping 0,2% increase. My annual dividend income increased by just under € 2 due to these raises.

In total I received 22 raised (and cuts) so far this year. Maybe growth will return later this year, but for now I don't expect anything going forward. I'll just have to deposit more money to grow dividends!

Dividend raises, and a dividend cut!

Recently I received a few dividend raises and a cut.

• Johnson & Johnson raised their quarterly dividend with more than 6%.
• Kinder Morgan raised their quarterly dividend with 5%.
• IBM raised their quarterly dividend with just under 1%.
• BAX raised their quarterly dividend with more than 11%.

These raises added about € 6 to my annual dividend income. Too bad I also had my 2nd dividend cut this year, after Accel suspended its annual dividend. Royal Dutch Shell decided to slash its dividend with 66%. This is a unprecedented move for the company but I guess they didn't have any other option. Oil prices were low already due to the geopolitical struggles between big oil producing countries. Then COVID-19 entered our world which lowered demand drastically. This perfect storm (or black swan) was just too much. Too bad Shell was (and still is) a big part of my dividend portfolio so my forward annual dividend took a big hit.

Dividend cut: Accell

So this is my first dividend cut since a long time. Earlier, Accell decided to pay a dividend € 0,30 per share but they withdrew the proposal last week. They want to hoard cash and pulled their existing credit line as well. I guess they are making the right moves, since times are tough for the company.

I am not sure if this is a cut or just a suspension. I expect the worst, which means my annual dividend income will decrease by almost € 15. Let's see what happens with other companies in the coming weeks.