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Small Dividend Boosts Expected In September For Microsoft And Lockheed Martin

Published Tue, 01 Sep 2020 09:46:37 -0400 on Seeking Alpha

Seeking AlphaDividend Quick PicksSmall Dividend Boosts Expected In September For Microsoft And Lockheed MartinSep. 1, 2020 9:46 AM ET|| Includes: BANF, BMI, BRC, CBU, CSL, DOV, FRT, HON, IFF, ITW, LMT, LOW, MCD, MSFT, NDSN, NJR, OGE, PM, RBA, VZ, WLK, WTRGby: Harvesting DividendsHarvesting Dividends Dividend Growth Investing, long-term horizon, technical analysisHarvesting Dividends.cls-1{fill:#024999;}SummaryThe pattern of smaller dividend boosts continued in August, with several companies coming in below their long-term averages.
But, in an encouraging note, all of the stocks I provided predictions for announced their annual increases.
I’m expecting more small increases in September, although I think Lockheed Martin and Microsoft will come in with double-digit boosts.
This is the latest in my series of articles where I provide predictions of annual dividend increases for a variety of long-term dividend growth companies. Back at the end of July, I provided predictions for 12 dividend growth companies that have historically announced annual payout increases in August. Here, at the beginning of September, I provide my predictions for another 9 companies that historically have increased their dividends over the course of the month.
I will point out one other company that announced an increase in August. In addition to the companies listed below, Lowe's Companies (LOW) announced its 37th year of dividend growth - a 9% increase to an annualized $2.40. The retailer now has a forward yield of 1.45%.
Before I offer the predictions for September's stocks, here are how my predictions from August came out (you can see the original article with my predictions here):
(All yields are based on stock prices at the market close on Friday, August 28th.)
Results for the Predictions of 11 Dividend Increases in August
BancFirst Corporation (BANF)
Prediction: 4.7 - 7.8% increase to $1.34 - $1.38
Actual: Announcement Deferred
At the time of publication,... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
PHILIP MORRIS INTERNATIONAL 74.90   14.9 5.03 4.68 6.12
VERIZON COMM 60.43   15.8 3.83 2.46 4.04
OGE ENERGY 43.92   21.6 2.03 1.46 3.40
FEDERAL REALTY INVESTMENT TRUST 135.76   40.4 3.36 4.20 3.00
NEW JERSEY RESOURCES 45.08   29.7 1.52 1.25 2.67
ILLINOIS TOOL WORKS 159.85   21.5 7.45 4.28 2.54
COMMUNITY BANK SYSTEM 66.00   20.2 3.27 1.64 2.40
INTERNATIONAL FLAVORS & FRAGRANCES 127.10   37.2 3.42 3.00 2.36
LOCKHEED MARTIN 386.63   18.8 20.52 8.80 2.31
MCDONALDS 212.15   27.9 7.61 4.64 2.21
BANCFIRST 56.95   14.4 3.94 1.28 2.17
RITCHIE BROTHERS AUCTIONEERS 38.08   32.0 1.19 0.80 2.08
DOVER 99.67   24.4 4.08 1.96 2.02
HONEYWELL INTERNATIONAL 168.63   17.9 9.44 3.28 1.93
LOWES COMPANIES 113.88   35.6 3.20 2.20 1.91
WESTLAKE CHEMICAL 64.26   13.5 4.77 1.05 1.61
BRADY 54.48   22.2 2.46 0.87 1.60
CARLISLE 147.40   20.7 7.12 2.00 1.42
MICROSOFT 137.52   27.1 5.07 1.84 1.35
BADGER METER 55.38   44.3 1.25 0.68 1.25
NORDSON 146.80   26.7 5.50 1.52 1.05