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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.

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. Five of the companies below are likely to record their 10th straight year of increases, promoting them to Contender status.

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 Challengers (5-9 years):

No.

10/31

LY%

LY

Company

Symbol

Yrs

Price

Yield

Rate

Inc.

Ex-Div

Landauer Inc.

(NYSE:LDR)

9

51.25

4.29

0.5500

2.23

12/8/10

J&J Snack Foods Corp.

(NASDAQ:JJSF)

7

51.55

0.91

0.1175

9.30

12/13/10

Axis Capital Holdings Ltd.

(NYSE:AXS)

9

31.35

2.93

0.2300

9.52

12/29/10

Edison International

(NYSE:EIX)

8

40.60

3.15

0.3200

1.59

12/29/10

Andersons Inc. (The)

(NASDAQ:ANDE)

9

36.92

1.19

0.1100

22.22

12/30/10

OGE Energy Corp.

(NYSE:OGE)

5

51.74

2.90

0.3750

3.45

1/6/11

RGC Resources Inc.

(NASDAQ:RGCO)

8

17.96

3.79

0.1700

3.03

1/12/11

Shaw Communications Inc.

(NYSE:SJR)

9

20.27

4.54

0.0767

5.01

1/12/11

CVS Caremark

(NYSE:CVS)

8

36.33

1.38

0.1250

42.86

1/19/11

Robbins & Myers Inc.

(NYSE:RBN)

5

44.69

0.40

0.0450

5.88

1/19/11

Alliant Energy Corp.

(NYSE:LNT)

8

40.78

4.17

0.4250

7.59

1/27/11

National Instruments Corp.

(NASDAQ:NATI)

9

26.71

1.50

0.1000

15.38

2/2/11

Lake Shore Bancorp Inc.

(NASDAQ:LSBK)

6

9.60

2.92

0.0700

16.67

2/3/11

Teekay LNG Partners LP

(NYSE:TGP)

7

35.10

7.18

0.6300

5.00

2/3/11

Enterprise Bancorp Inc.

(NASDAQ:EBTC)

7

14.40

2.92

0.1050

5.00

2/4/11

Pall Corp.

(NYSE:PLL)

7

51.17

1.37

0.1750

9.38

2/4/11

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.

Click to enlarge

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.

Source: Dividend Challengers: 16 Increases Expected By The First Week Of February