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Dividend Increases: July 22-26, 2019 (Part 2: Financials Sector)

Published Mon, 29 Jul 2019 22:44:33 -0400 on Seeking Alpha

One way to identify dividend growth stocks for further analysis is to monitor dividend increases. 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 ≥ $1 billion No stocks that are being acquired No Over-The-Counter or Pink Sheet stocks This week, 30 companies that declared dividend increases passed these screens. Of these, ten are stocks in the Financials sector, of which I own one in my portfolio. See Part 1 for dividend increases in the Utilities and Energy sectors, and Part 3 for coverage of the remaining sectors.
The following table presents a summary.
The table is sorted by the percentage increase, %Incr. Dividends are annualized and in US$, 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: July 22-26, 2019

Previous Post: Dividend Increases: July 15-19, 2019

Bank of America (BAC)
BAC, through its... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
WELLS FARGO 48.65   10.0 4.84 2.04 4.22
PRINCIPAL FINANCIAL GROUP 57.36   10.8 5.32 2.20 3.88
REGIONS FINANCIAL 16.25   10.1 1.61 0.62 3.87
ZIONS BANCORPORATION 44.63   10.8 4.15 1.36 3.12
HERITAGE FINANCIAL 27.55   15.7 1.75 0.76 2.84
NORTHERN TRUST 97.56   14.8 6.61 2.80 2.54
BANK OF AMERICA 29.67   10.6 2.80 0.72 2.45
BANCORPSOUTH 29.60   13.5 2.19 0.74 2.35
WASHINGTON FEDERAL 37.58   14.6 2.57 0.84 2.33
ENTERPRISE FINANCIAL SERVICES 41.51   12.4 3.34 0.64 1.47


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