National Retail Properties is poised to become the next Champion.
Northrop, FedEx, and Tiffany lead the way.
Caterpillar, ConocoPhillips, and Casey's General Stores highlight July raises.
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 separated 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, which I hope will be published about the same time. Note that "CCC" refers to the combination of Champions, Contenders, and Challengers.
The pace of dividend increases picked back up in May, as expected, but June and (especially) July promise to provide another of those occasional lulls in activity before the pace picks up again in the Fall. We're still likely see the usual spate of quarterly hikes in late May and early June by more than two dozen Master Limited Partnerships (or MLPs), particularly among the Contenders and Challengers. 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):
CCFNB Bancorp Inc.
First Robinson Financial
W.R. Berkley Corp.
Acme United Corp.
Tiffany & Company
Republic Bancorp KY
John Wiley & Sons Inc.
PSB Holdings Inc.
National Retail Properties
Casey's General Stores
MR=Most Recent; LY=Last Year
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. In the case of NNN, the company appears to be slightly overvalued, but it still offers a good yield and is poised to become the next Champion. 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.
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