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6 Dividend Increases Expected In November 2020

Published Fri, 06 Nov 2020 01:53:09 -0500 on Seeking Alpha

Seeking AlphaDividend Quick Picks6 Dividend Increases Expected In November 2020Nov. 6, 2020 1:53 AM ET|| Includes: ADP, AEP, AVY, CMI, EMR, HRL, IRM, MCD, MKC, NKE, SYY, V, VFC, WHRby: Dividend DiplomatsDividend Diplomats Large-cap, Dividend Investing, Dividend Growth Investing, ValueDividend Diplomats .cls-1{fill:#024999;}SummaryAbbVie snuck in a nice dividend increase before the end of the month. I was caught completely off-guard by the announcement.
Whirlpool delivered a 4.17% dividend increase to their shareholders. Cummins announced a 2.97% dividend increase.
Hormel operates in a sector that performed well during the pandemic, as people stockpiled food and supplies. This November, we are expecting Hormel to increase the dividend.
Another month is in the books. We are racing towards the end of 2020 and looking ahead towards 2021. With a new month coming, you know what that means? The next installment in our monthly dividend income summary series. Each month, we predict the expected dividend increases and review last month's actual results. Let's jump right in!
Why Do We Care About Dividend Increases? Dividend increases are the foundation of our financial freedom plan. We are growing our dividend income, which is the easiest form of passive income, to cover our monthly expenses. A key component of this strategy is investing in companies that increase their dividend annually. Why? We want our dividend income stream to grow! After all, who doesn't?
That is why we are always on the lookout for dividend announcements. We keep a close eye on key announcements whether we own the company or not. It is a practice the two of us love and are always discussing with each other. It helps us identify potentially undervalued dividend stocks to purchase too!
Once we find a potential dividend investment, we use the Dividend Stock Screener to determine if this is a stock to buy. The stock screener uses three simple metrics. The third metric is dividend growth history.... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
IRON MOUNTAIN 34.14   28.4 1.20 2.44 7.29
CUMMINS 165.05   10.1 16.38 5.24 3.20
WHIRLPOOL 150.83   10.6 14.21 4.80 3.19
EMERSON ELECTRIC 64.71   18.4 3.52 1.96 3.02
AMERICAN ELECTRIC POWER 92.02   23.0 4.00 2.68 2.94
MCDONALDS 212.15   27.9 7.61 4.64 2.21
AVERY DENNISON 113.00   41.1 2.75 2.32 2.04
SYSCO 77.72   24.3 3.20 1.56 2.03
ADP 160.41   30.6 5.24 3.16 1.92
HORMEL FOODS 44.00   24.3 1.81 0.84 1.92
VF CORP 90.35   31.6 2.86 1.72 1.91
MCCORMICK 157.81   30.8 5.13 2.28 1.46
NIKE 87.67   35.2 2.49 0.88 1.01
VISA 177.98   34.2 5.21 1.00 0.57


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