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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 companies raise their payout about the same time every year, I can say with some confidence that they are likely to do so again.

New Opportunities

As mentioned in 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 Challengers (5-9 years):

Company

Stock

No.

1/31

Div

Qtly

LY%

LY

Name

Symbol

Yrs

Price

Yield

Rate

Inc.

Ex-Div

National Presto Industries

(NYSE:NPK)

8

97.72

8.44

8.2500

1.23

3/2/11

Texas Pacific Land Trust

(NYSE:TPL)

6

44.00

0.48

0.2100

5.00

3/2/11

Tim Hortons Inc.

(NYSE:THI)

6

48.71

1.40

0.1705

36.67

3/3/11

National Interstate Corp.

(NASDAQ:NATL)

7

26.11

1.38

0.0900

12.50

3/7/11

Westar Energy

(NYSE:WR)

7

28.44

4.50

0.3200

3.23

3/7/11

Infinity Property & Cas.

(NASDAQ:IPCC)

9

58.25

1.24

0.1800

28.57

3/9/11

Cheviot Financial Corp.

(NASDAQ:CHEV)

8

8.15

5.89

0.1200

9.09

3/11/11

Rogers Communications

(NYSE:RCI)

6

38.45

3.63

0.3488

15.86

3/16/11

Sempra Energy

(NYSE:SRE)

8

56.90

3.37

0.4800

23.08

3/16/11

Flowserve Corp.

(NYSE:FLS)

5

110.17

1.16

0.3200

10.34

3/29/11

Gap Inc.

(NYSE:GPS)

7

18.98

2.37

0.1125

12.50

4/4/11

Raytheon Company

(NYSE:RTN)

7

47.99

3.58

0.4300

14.67

4/4/11

American Greetings

(NYSE:AM-OLD)

8

14.37

4.18

0.1500

7.14

4/7/11

Coca-Cola FEMSA

(NYSE:KOF)

8

98.00

2.01

1.9679

70.23

4/22/11

Donegal Group Inc. A

(NASDAQ:DGICA)

9

15.26

3.15

0.1200

4.35

4/28/11

Donegal Group Inc. B

(NASDAQ:DGICB)

9

17.24

2.49

0.1075

4.88

4/28/11

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. The best looking chart belonged to Raytheon, but since I have used it recently, I opted for the one below. Also looking reasonably attractive were the charts of National Presto, Rogers, and Sempra.

Source: Dividend Challengers: 16 Increases Expected In The Next 10 Weeks