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Summary

  • National Retail Properties Near Dividend Champion status.
  • How much will COP increase the payout?
  • Pace of increases picks up in August.

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.

Summer Doldrums Continue

The pace of dividend increases dropped off in June, as expected, and July is likely to extend the periodic lull in dividend-increase activity before the pace picks up again in August. We're also likely see the usual spate of quarterly hikes in late July and early August by more than two dozen Master Limited Partnerships (or MLPs), particularly among the Contenders and Challengers. Meanwhile, the addition of new Challengers appears ready to take a break until late July. 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):

Company

Ticker

No.

5/30

Div.

MR%

LY

Ann.

Name

Symbol

Yrs

Price

Yield

Inc.

Ex-Div

Div.

John Wiley & Sons Inc.

(NYSE:JW.A)

20

54.78

1.83

4.17

6/27/13

1.00

PSB Holdings Inc.

(OTCPK:PSBQ)

20

32.00

2.44

7.76

7/10/13

0.78

ConocoPhillips

(NYSE:COP)

13

79.94

3.45

4.55

7/18/13

2.76

Fastenal Company

(NASDAQ:FAST)

14

48.75

2.05

25.00

7/24/13

1.00

National Retail Properties

(NYSE:NNN)

24

34.98

4.63

2.53

7/29/13

1.62

CARBO Ceramics

(NYSE:CRR)

13

137.57

0.87

11.11

7/30/13

1.20

TC Pipelines LP

(NYSE:TCP)

14

52.00

6.23

3.85

8/1/13

3.24

Aqua America Inc.

(NYSE:WTR)

22

25.38

2.40

8.57

8/14/13

0.61

J.M. Smucker Co.

(NYSE:SJM)

16

102.60

2.26

11.54

8/14/13

2.32

Span-America Medical

(NASDAQ:SPAN)

15

20.45

2.74

12.00

8/16/13

0.56

Murphy Oil Corp.

(NYSE:MUR)

17

61.67

2.03

16.13

8/19/13

1.25

Maxim Integrated Products

(NASDAQ:MXIM)

12

34.25

3.04

8.33

8/20/13

1.04

Ritchie Brothers Auction.

(NYSE:RBA)

11

22.95

2.27

6.12

8/21/13

0.52

Badger Meter Inc.

(NYSE:BMI)

21

49.53

1.45

5.88

8/28/13

0.72

Chesapeake Financial

(OTCQB:CPKF)

21

17.40

3.10

12.50

8/29/13

0.54

Imperial Oil Ltd.

(NYSEMKT:IMO)

21

49.23

0.96

1.05

8/30/13

0.47

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. I'm attaching the chart below.

Disclosure: The author is long COP, WTR. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article.

Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.

Source: Dividend Contenders: 16 Increases Expected In The Next 11 Weeks