Dividend Contenders: 24 Increases Expected By The End Of March

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 |  Includes: AUBN, AVP, CHD, CNI, CNQ, COP, ESS, JKHY, LARK, LLTC, NEE, NVO, NVS, OMI, PII, PX, RNR, ROST, SCG, SPH, TRI, TROW, TSH, UNS
by: David Fish

In compiling the Dividend Champions list (found here: http://dripinvesting.org/Tools/Tools.asp ) 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.

New Year, New Opportunities

As mentioned in the most recent installments in this series, I've modified the schedule to aim for a three- to four-week frequency. Monthly articles allowed some increases to “slip through the cracks” and publishing the listings twice each month seems a tad too frequent, with too many companies carried over and not enough being “checked off,” so I hope the current scheduling works better.

I have also 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.

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.

12/30

%

Company

Symbol

Yrs

Price

Yield

New

Inc.

Ex-Div

Polaris Industries

(NYSE:PII)

16

55.98

1.61

0.2250

12.50

1/28/11

Suburban Propane Ptrnrs

(NYSE:SPH)

13

47.61

7.16

0.8525

0.29

1/28/11

Avon Products Inc.

(NYSE:AVP)

22

17.47

5.27

0.2300

4.55

2/15/11

Church & Dwight

(NYSE:CHD)

15

45.76

1.49

0.1700

100.00

2/16/11

Linear Technology Corp.

(NASDAQ:LLTC)

19

30.03

3.20

0.2400

4.35

2/16/11

Ross Stores Inc.

(NASDAQ:ROST)

17

47.53

0.93

0.1100

37.50

2/16/11

ConocoPhillips

(NYSE:COP)

11

72.87

3.62

0.6600

20.00

2/17/11

Jack Henry & Associates

(NASDAQ:JKHY)

19

33.61

1.25

0.1050

10.53

2/17/11

Thomson Reuters Corp.

(NYSE:TRI)

18

26.67

4.65

0.3100

6.90

2/17/11

Landmark Bancorp Inc.

(NASDAQ:LARK)

10

18.70

3.87

0.1810

5.00

2/21/11

Novartis AG

(NYSE:NVS)

10

57.17

4.12

2.3527

18.40

2/24/11

NextEra Energy

(NYSE:NEE)

17

60.88

3.61

0.5500

10.00

3/2/11

Praxair Inc.

(NYSE:PX)

18

106.90

1.87

0.5000

11.11

3/3/11

Auburn National Bancorp

(NASDAQ:AUBN)

10

18.52

4.32

0.2000

2.56

3/8/11

Canadian National Railway

(NYSE:CNI)

15

78.56

1.67

0.3283

25.41

3/8/11

SCANA Corp.

(NYSE:SCG)

11

45.06

4.31

0.4850

2.11

3/8/11

UniSource Energy Corp.

(NYSE:UNS)

12

36.92

4.55

0.4200

7.69

3/9/11

Owens & Minor Inc.

(NYSE:OMI)

14

27.79

2.88

0.2000

12.99

3/11/11

RenaissanceRe Holdings

(NYSE:RNR)

16

74.37

1.40

0.2600

4.00

3/11/11

T. Rowe Price Group

(NASDAQ:TROW)

24

56.95

2.18

0.3100

14.81

3/11/11

Teche Holding Co.

(NYSEMKT:TSH)

10

35.00

4.11

0.3600

1.41

3/15/11

Canadian Natural Res.

(NYSE:CNQ)

11

37.37

0.93

0.0873

19.73

3/16/11

Novo Nordisk A/S

(NYSE:NVO)

10

115.26

1.58

1.8176

29.18

3/24/11

Essex Property Trust

(NYSE:ESS)

17

140.51

2.96

1.0400

0.73

3/29/11

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. The knock against Novartis might be its once-per-year dividend and Swiss withholding tax. I might have used Avon or ConocoPhillips, but have recently featured a chart for each.

click to enlarge

Click to enlarge

Disclosure: I am long PII, COP, NEE, PX, SCG.