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In compiling the Dividend Champions list (found here), I get to see those companies 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 3-4 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 Challengers (5-9 years):

No.

12/30/11

%

Company

Symbol

Yrs

Price

Yield

New

Inc.

Ex-Div

National Instruments Corp.

(NASDAQ:NATI)

9

25.95

1.54

0.1000

15.38

2/2/11

Lake Shore Bancorp Inc.

(NASDAQ:LSBK)

6

9.55

2.93

0.0700

16.67

2/3/11

Teekay LNG Partners LP

(NYSE:TGP)

7

33.17

7.60

0.6300

5.00

2/3/11

Enterprise Bancorp Inc.

(NASDAQ:EBTC)

7

14.30

2.94

0.1050

5.00

2/4/11

Pall Corp.

(NYSE:PLL)

7

57.15

1.22

0.1750

9.38

2/4/11

Sensient Technologies

(NYSE:SXT)

6

37.90

2.22

0.2100

5.00

2/7/11

Rollins Inc.

(NYSE:ROL)

9

22.22

1.26

0.0700

16.67

2/8/11

JB Hunt Transport Svcs

(NASDAQ:JBHT)

8

45.07

1.15

0.1300

8.33

2/11/11

CenterPoint Energy

(NYSE:CNP)

6

20.09

3.93

0.1975

1.28

2/14/11

AGL Resources

(NYSE:GAS)

9

42.26

4.26

0.4500

2.27

2/16/11

Avista Corp.

(NYSE:AVA)

9

25.75

4.27

0.2750

10.00

2/16/11

Robert Half International

(NYSE:RHI)

8

28.46

1.97

0.1400

7.69

2/23/11

Dun & Bradstreet Corp.

(NYSE:DNB)

5

74.83

1.92

0.3600

2.86

2/24/11

Compass Minerals Int'l

(NYSE:CMP)

8

68.85

2.61

0.4500

15.38

2/25/11

L-3 Communications Hdgs

(NYSE:LLL)

8

66.68

2.70

0.4500

12.50

2/25/11

Silgan Holdings Inc.

(NASDAQ:SLGN)

8

38.64

1.14

0.1100

4.76

3/1/11

Dominion Resources

(NYSE:D)

8

53.08

3.71

0.4925

7.65

3/2/11

National Presto Industries

(NYSE:NPK)

8

93.60

8.81

8.2500

1.23

3/2/11

National Research Corp.

(NRCI)

7

38.81

2.27

0.2200

15.79

3/2/11

Texas Pacific Land Trust

(NYSE:TPL)

6

40.69

0.52

0.2100

5.00

3/2/11

Tim Hortons Inc.

(NYSE:THI)

6

48.42

1.41

0.1705

36.67

3/3/11

National Interstate Corp.

(NASDAQ:NATL)

7

24.67

1.46

0.0900

12.50

3/7/11

Westar Energy

(NYSE:WR)

7

28.78

4.45

0.3200

3.23

3/7/11

Occidental Petroleum

(NYSE:OXY)

9

93.70

1.96

0.4600

21.05

3/8/11

Infinity Property & Casualty

(NASDAQ:IPCC)

9

56.74

1.27

0.1800

28.57

3/9/11

Cheviot Financial Corp.

(NASDAQ:CHEV)

8

7.44

6.45

0.1200

9.09

3/11/11

Digital Realty Trust

(NYSE:DLR)

7

66.67

4.08

0.6800

28.30

3/11/11

Rogers Communications

(NYSE:RCI)

6

38.51

3.62

0.3488

15.86

3/16/11

Sempra Energy

(NYSE:SRE)

8

55.00

3.49

0.4800

23.08

3/16/11

Flowserve Corp.

(NYSE:FLS)

5

99.32

1.29

0.3200

10.34

3/29/11

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. A couple of other excellent charts belong to Compass Minerals (CMP) and L-3 Communications (LLL). But Compass only had a history from 2003 and I have recently featured a chart of L-3.

Click to enlarge

Source: Dividend Challengers: 30 Increases Expected In The Next 11 Weeks