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Dividend Increases: January 28-February 1, 2019 (Part 1: Industrials And Financials Sectors)

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

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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
SOUTH STATE 75.39   15.2 4.97 1.60 2.10
CINCINNATI FINANCIAL 108.68   17.7 6.14 2.24 2.08
AFLAC 56.11   13.8 4.08 1.08 1.90
ARTHUR J GALLAGHER 92.19   24.9 3.70 1.72 1.87
EXPONENT 60.53   43.9 1.38 0.64 1.06
S&P GLOBAL 240.03   32.2 7.45 2.28 0.95

PROVIDENT FINANCIAL SERVICES - PFS
PROVIDENT FINANCIAL SERVICES - PFS  


Older articles featuring Provident Financial Services (PFS):
Dividend Challenger Highlights: Week Of May 26
19 Upcoming Dividend Increases
8 Dividend Increases: August 6-10, 2018
24 Upcoming Dividend Increases Including 2 Kings
34 Dividend Increases: July 23-27, 2018 (Part 1: Financials)
17 Upcoming Dividend Increases
Upcoming Dividends; 75 Companies, 33 Increases, 18 Double Digit Increases!
24 Dividend Increases: January 29-February 2, 2018 (Part 2: Remaining Sectors)
32 Dividend Increases: January 22-26, 2018 (Part 1: Financials)
95 Dividend Growth Stocks Going Ex-Dividend Next Week

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