Dividend Contenders: 15 Increases Expected In The Next 10 Weeks

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Includes: CHRW, CIZN, ECL, ERIE, GGG, MDU, NJR, NWFL, RGLD, ROP, SFG, SJI, SYK, UBA, YORW
by: David Fish

In compiling the Dividend Champions list, 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.

More Happy Holidays

As mentioned last time, I've modified the Expected Increase series to reflect a more SA-friendly format by separating the Champions, Contenders, and Challengers into distinct groupings, so please look for the other articles, which I hope will be published about the same time. Notably, some of the lowest yields below are accompanied by the highest percentage increases.

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):

No.

10/31

LY%

LY

Company

Symbol

Yrs

Price

Yield

Rate

Inc.

Ex-Div

StanCorp Financial Group

(NYSE:SFG)

13

33.94

2.53

0.8600

7.50

11/17/10

MDU Resources

(NYSE:MDU)

20

20.61

3.15

0.1625

3.17

12/7/10

South Jersey Industries

(NYSE:SJI)

12

56.31

2.59

0.3650

10.61

12/8/10

Citizens Holding Company

(NASDAQ:CIZN)

11

18.00

4.89

0.2200

4.76

12/13/10

New Jersey Resources

(NYSE:NJR)

16

47.02

3.06

0.3600

5.88

12/13/10

C.H. Robinson Worldwide

(NASDAQ:CHRW)

14

69.43

1.67

0.2900

16.00

12/16/10

Ecolab Inc.

(NYSE:ECL)

19

53.84

1.30

0.1750

12.90

12/17/10

Stryker Corp.

(NYSE:SYK)

18

47.91

1.50

0.1800

20.00

12/29/10

York Water Company

(NASDAQ:YORW)

14

17.00

3.08

0.1310

2.34

12/29/10

Erie Indemnity Company

(NASDAQ:ERIE)

21

78.95

2.61

0.5150

7.29

1/3/11

Royal Gold Inc.

(NASDAQ:RGLD)

10

71.58

0.61

0.1100

22.22

1/3/11

Urstadt Biddle Properties

(NYSE:UBA)

17

17.84

5.49

0.2450

1.03

1/3/11

Roper Industries Inc.

(NYSE:ROP)

18

81.10

0.54

0.1100

15.79

1/5/11

Norwood Financial

(NASDAQ:NWFL)

13

23.30

4.98

0.2900

3.57

1/12/11

Graco Inc.

(NYSE:GGG)

14

42.94

1.96

0.2100

5.00

1/14/11

Click to enlarge

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.

Click to enlarge

Please feel free to ask questions or make suggestions in the Comments section below.

Disclosure: I am long MDU, ECL.