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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. Once again, some of the lowest yields below are accompanied by the highest percentage increases, and vice versa.

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

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

Erie Indemnity Company

(NASDAQ:ERIE)

21

78.95

2.61

0.5150

7.29

1/3/11

Urstadt Biddle Properties

(NYSE:UBA)

17

17.84

5.49

0.2450

1.03

1/3/11

NSTAR

(NYSE:NST)

13

45.09

3.77

0.4250

6.25

1/5/11

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

Polaris Industries

(NYSE:PII)

16

63.34

1.42

0.2250

12.50

1/28/11

Suburban Propane Partners

(NYSE:SPH)

13

47.32

7.21

0.8525

0.29

1/28/11

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.

Coming Up

This article is part of my regular schedule of submissions; the following are expected in the next month or so:

Dividend Champions Update: November 30. The spreadsheet and PDF will be updated after the market close and posted in their usual location (see first line of this article).

Dividend Champions: Smackdown XXI: December 1

Companies Expected to Increase Dividends: December 12

Overdue Dividend Increases: December 22

Note that the dates are when I am likely to submit the articles; SA may publish them on a slightly delayed basis. I may also submit one or two other articles during the month, depending on reader interest. Please feel free to list questions or suggestions in the Comment section below.

Disclosure: I am long ECL, PII.

Source: Dividend Contenders: 11 Increases Expected By Groundhog Day