Friday File: Portfolio Hodgepodge — One New Speculation, an Add-on Buy, and Check-ins on Some Dividend Growth stocks and Altius

Latest news and thoughts from the Real Money Portfolio

CoreSite (COR) announced their latest dividend increase this week, which I’ve been anticipating — would they continue to be a rapid dividend growth REIT and keep investors excited, or will the slowing of the dividend growth continue to make me more cautious about the valuation of this highflier?

Well, it turns out that the dividend increase was “just enough” to be OK. It was far smaller than the year ago increase, just as the December dividend increase was far smaller, but the total of the two increases now gives us a dividend that is about 14% higher than it was a year ago (a year ago the quarterly dividend was raised to 90 cents, today it was raised to $1.03, after having been hiked to 98 cents in December). That’s not bad, and would be fantastic for many stocks, but it’s pretty humdrum by COR standards after years of 25%, 30%, even 50% dividend increases