Published Mon, 04 Feb 2019 08:00:00 -0500 on Seeking Alpha
I monitor dividend increases because it helps me to identify candidates for further analysis. Companies that regularly raise their dividend payments show confidence in future earnings growth potential.
I look for dividend increase announcements for stocks in the CCC List, but I use several screens to limit the number of stocks to monitor:
Dividend Yield ≥ 1.0% Market cap ≥ $1 billion No stocks that are being acquired No Over-The-Counter or Pink Sheet stocks This past week, 27 companies that announced dividend increases passed these screens.
The table below presents a summary of increases announced for stocks in the Industrials and Financials sectors. See Part 2 for coverage of the remaining sectors.
The table is sorted by the percentage increase, %Incr. Dividends are annualized and in US$, 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: January 28-February 1, 2019
Previous Post: Dividend Increases: January 14-18, 2019
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|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|PROVIDENT FINANCIAL SERVICES||24.29||13.0||1.87||0.92||3.72|
|FIRST HORIZON NATIONAL||15.79||9.3||1.69||0.56||3.71|
|FIRST INTERSTATE BANCSYSTEM||38.56||13.7||2.81||1.24||3.15|
|ARTHUR J GALLAGHER||92.19||24.9||3.70||1.72||1.87|
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