Published Sat, 13 Oct 2018 15:59:42 -0400 on Seeking Alpha
I like monitoring dividend increases for stocks on my watch list of dividend growth stocks because I consider such stocks to be candidates for further analysis. Companies that regularly increase their dividends show confidence in future earnings growth potential.
The CCC List provides a good starting point, but I limit the number of stocks to monitor by applying the following screens:
Dividend Yield ≥ 1.0% Market cap ≥ $1 billion No stocks that are being acquired No Over-The-Counter or Pink Sheet stocks This week, 9 companies that announced dividend increases passed these screens.
The table below presents a summary of these increases.
The table is sorted by the percentage increase, %Incr. Dividends are annualized and in US$, unless otherwise indicated. Yield is the new dividend yield for the market close Price on the date listed. Yrs are years of consecutive dividend increases, while 5-yr DGR is the compound annual growth rate of the dividend over a 5-year period. 1-yr %Incr is the percentage increase from the year-ago dividend. (Some companies increase their dividends more than once a year, so this puts the most recent dividend increase in context).
Summary of Dividend Increases: October 8-12, 2018
Previous Post: 5 Dividend Increases: October 1-5, 2018
A.O. Smith (AOS)
AOS manufactures and markets water heaters, boilers, and other products for residential and commercial end markets in the United States, China, Canada, Europe, and... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|GOODYEAR TIRE & RUBBER||20.08||6.9||2.91||0.64||3.15|
|BROWN & BROWN||31.46||24.2||1.30||0.32||1.05|
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