I monitor dividend increases for stocks on my watch list of dividend growth stocks to identify candidates for further analysis. Companies that regularly increase dividends show confidence in future earnings growth potential. Recently, 7 companies on my watch list decided to increase their dividends, including 1 of the stocks I hold in my portfolio. The following table presents a summary.
The table is sorted by last column, %Incr. Dividends are annualized and in US$, unless otherwise indicated. Yield indicates the new dividend yield for the market close Price on the date listed. Yrs are years of consecutive dividend increases, while 5-yr DGR is the compound annual growth rate of the dividend over a 5-year period.
|Summary of Dividend Increases: March 28-April 8, 2016|
|Click to enlarge|
|Previous Post: 6 Dividend Increases, March 21-25, 2016|
- Nasdaq Inc. (NASDAQ:NDAQ)
NDAQ is a holding company that provides trading, clearing, exchange technology, regulatory, securities listing, information and public company services across six continents. As the creator of the first electronic stock market, the company's technology powers more than 70 marketplaces in 50 countries. NDAQ is home to more than 3,700 listed companies with a market value of approximately $9.6 trillion and nearly 10,000 corporate clients. The company was founded in 1971 and is headquartered in New York, New York. The board of directors of NDAQ has declared a quarterly dividend of 32¢ per share. The new dividend is 28.00% above the prior dividend of 25¢ per share. The first payment will be on June 24 to shareholders of record on June 10. The ex-dividend date is June 8.
- TJX Companies Inc. (NYSE:TJX)
TJX operates as an off-price apparel and home fashions retailer in the United States and internationally. The company operates more than 3,600 stores in 9 countries. The company sells family apparel, home fashions, seasonal items, jewelry and other merchandise. It operates stores under the T.J. Maxx, Marshalls, HomeGoods, Winners, HomeSense, T.K. Maxx, and Sierra Trading Post names. TJX was founded in 1956 and is headquartered in Framingham, Massachusetts. The company increased its quarterly dividend by 23.81%, from 21¢ per share to 26¢ per share. The dividend is payable on June 2 to shareholders of record on May 12.
- Movado Group Inc. (NYSE:MOV)
Founded in 1961 and based in Paramus, New Jersey, MOV is engaged in designing, sourcing, marketing and distributing watches. The company offers a variety of watch brands to jewelry store chains, department stores, and independent distributors. Brands include Movado, Ebel, Coach, Tommy Hilfiger and Hugo Boss, among others. MOV operates Movado company stores throughout the United States. The board of directors of MOV has declared a quarterly dividend of 13¢ per share. The new dividend is 18.18% above the prior dividend of 11¢ per share. The quarterly dividend will be paid on April 26 to shareholders of record on April 12. The ex-dividend date is April 8.
- Tanger Factory Outlet Centers (NYSE:SKT)
This is a publicly-traded REIT (real estate investment trust) headquartered in Greensboro, North Carolina. The company focuses on developing, acquiring, owning, operating and managing outlet shopping centers. It has 42 outlet shopping centers located in 21 states and in Canada, leased to more than 3,000 stores. SKT was founded in 1981 and is based in Greensboro, North Carolina. On April 7, the board of directors approved an increase to the regular quarterly dividend from 28.5¢ per share to 32.5¢ per share, an increase of 14.04%. All shareholders of record on April 29 will receive the new dividend on May 13.
- HB Fuller Company (NYSE:FUL)
Founded in 1887 and headquartered in Saint Paul, Minnesota, FUL is a worldwide manufacturer and marketer of adhesives, sealants, and other specialty chemical products. FUL sells products to customers in packaging, hygiene, general assembly, electronic materials and assembly, paper converting, woodworking, construction, automotive and consumer businesses. The company declared a quarterly dividend of 14.¢ per share, an increase of 7.69% over the prior quarterly dividend. The dividend is payable on May 5 to shareholders of record on April 21.
- City Holding Co. (NASDAQ:CHCO)
CHCO is the parent company of City National Bank of West Virginia. The company provides banking, trust, and investment management, and other financial services through a network of 85 branches across West Virginia, Virginia, Kentucky, and Ohio. CHCO was founded in 1982 and is headquartered in Charleston, West Virginia. The company's board of directors approved an increase in the quarterly dividend of 2.38% to 43¢ per share. The new dividend is payable on April 29 to shareholders of record on April 15, with an ex-dividend date of April 13.
- Procter & Gamble Co. (NYSE:PG)
Headquartered in Cincinnati, Ohio, PG is focused on providing branded consumer packaged goods in more than 180 countries. The company was incorporated in Ohio in 1905, having been built from a business founded in 1837 by William Procter and James Gamble. PG currently competes in 37 product categories and has five reportable segments: Beauty, Grooming, Health Care, Fabric Care and Home Care, and Baby Care and Family Care. The company increased its quarterly dividend by 1.00%, from 66.29¢ per share to 66.95¢ per share. The ex-dividend date is April 14 and the dividend will be paid on May 16 to shareholders of record on April 18.
Please note that I'm not recommending any of these stocks. Readers should do their own research on these companies before buying shares.
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Disclosure: I am/we are long PG.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.