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Dividend Increases: October 14-25, 2019 (Part 2: Remaining Sectors)

Published Tue, 29 Oct 2019 03:55:36 -0400 on Seeking Alpha

I monitor dividend increases for stocks on my watch list of dividend growth stocks to identify candidates for further analysis. Companies can only increase their dividends regularly and sustainably if earnings grow sufficiently.
I use the CCC List as a starting point and apply the following screens:
Dividend Yield ≥ 1.0% Market cap ≥ $1 billion No stocks that are being acquired No Over-The-Counter or Pink Sheet stocks In the past two weeks, 23 companies that declared dividend increases passed these screens. Part 1 covered dividend increases announced by companies in the Utilities and Financials sectors. In Part 2, I'm covering the remaining sectors. The table below presents a summary of these increases.
The table is sorted by the percentage increase, %Incr. Dividends are annualized and in US$, 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 14-25, 2019

Previous Post: Dividend Increases: October 7-11, 2019

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Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
OMEGA HEALTHCARE INVESTORS 41.16   32.4 1.27 2.64 6.57
ONEOK 73.93   24.6 3.01 3.56 4.84
GETTY REALTY 32.62   27.6 1.18 1.40 4.40
HEALTHCARE SERVICES GROUP 25.63   22.7 1.13 0.80 3.28
PENSKE AUTOMOTIVE GROUP 47.69   9.0 5.30 1.60 3.28
LINCOLN ELECTRIC 88.50   18.1 4.90 1.88 2.15
VF CORP 90.35   31.6 2.86 1.72 1.91
BRUNSWICK 53.83   30.6 1.76 0.84 1.58
STEPAN 98.17   21.9 4.48 1.00 1.02


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