In compiling the Dividend Champions list (found here), I get to see which companies are nearing the anniversaries of their previous dividend increases. Since most of these firms raise their payout about the same time every year, I can say with some confidence that they are likely to do so again. I have modified the Expected Increase series to reflect a more SA-friendly format by separating the Champions (25 or more years of higher dividends), Contenders (10-24 years), and Challengers (5-9 years) into distinct groupings, so please click the above links to view the other articles.
The Pace Quickens
As usually happens this time of year, dividend increases come at a faster pace during February and March, heading into Annual Shareholder meetings in April, May, and June, when companies like to give their owners reason to be happy. The table below coincides with the usual "forward look" of about 11 weeks for this article.
Based on last year's announcements, I'm expecting the following companies to announce dividend increases between now and the anniversary of the Ex-Dividend Date of their previous increase:
Dividend Challengers (5-9 years):
Constellation Software Inc.
Silgan Holdings Inc.
Deere & Company
Equity LifeStyle Properties
G&K Services Inc.
Teekay LNG Partners LP
Teekay Offshore Partners
In addition, a number of companies are expected to announce their fifth straight year of higher dividends, qualifying them as the newest Challengers:
Reliance Steel & Aluminum
Duff & Phelps Corp.
Sturm Ruger & Company
Mead Johnson Nutrition Co.
Western Union Company
Warwick Valley Telephone
Stewart Enterprises Inc.
Not all of the above companies will meet the strict standards of every investor, but some may be appropriate for portfolio diversification. Potential investors should do more research before committing funds.
Every Picture Tells a Story
As a bonus, I'm inserting one of Chuck Carnevale's F.A.S.T. Graphs below, highlighting one of the companies listed above. When the stock's price line has moved into the green area, it indicates that the stock is undervalued in relation to its earnings. I'm attaching the chart below.
Disclosure: I am long DE, RTN. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.