In compiling the Dividend Champions list (found here: http://dripinvesting.org/Tools/Tools.asp) I get to see which companies are nearing the anniversaries of their previous dividend increases. Since most of these companies 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 look for the other articles.
Dividend Growth Season
Although we are happy to see dividend increases throughout the year, they tend to happen on a regular basis 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 Contenders (10-24 years):
Novo Nordisk A/S
Tanger Factory Outlet
Donegal Group Inc. A
Donegal Group Inc. B
People's United Fin'l
Int'l Business Machines
Franklin Electric Co. *
CCFNB Bancorp Inc.
Factset Research Sys.
First Robinson Fin'l
*Reflects 2-for-1 split on 3/18
Among the Contenders and Challengers, there are also about two dozen MLPs (Master Limited Partnerships) that tend to increase their distributions on a quarterly basis, and those announcements would typically take place in late April or early May. 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. Note that COP's dividends haven't been adjusted for the PSX spin-off in the chart below. I'm attaching the chart below.
Disclosure: I am long COP. 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.