Dividend Contenders: 34 Increases Expected In The Next 11 Weeks

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Includes: AMP, APU, AWH, CAH, CCFN, CFR, CPK, CSX, DGICA, DGICB, EXPD, FDS, FDX, FELE, FLO, FMAO, HDB, IBM, MNRO, NHC, NOC, OXY, PBCT, POR, RBC, RBCAA, SBSI, SO, THVB, TIF, TRV, WRB, XLNX
by: David Fish

Summary

The pressure is on at IBM.

How many double-digit increases will we see?

People's United and Franklin Electric should be one year away from Champion status.

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. I have separated the Champions (25 or more years of higher dividends), Contenders (10-24 years), and Challengers (5-9 years) into distinct groupings, so please look for the other articles, which I hope will be published about the same time. Note that "CCC" refers to the combination of Champions, Contenders, and Challengers.

Meeting Season Climaxes

As expected, the current impetus for hikes in the payouts is the plethora of Shareholder Meetings in April and May, after which we should see a lull in June and July. The number of announcements for all Champions, Contenders, Challengers, and Near-Challengers expected in the next 11 weeks has increased from to 87 a month ago to 126 now, putting it in the "above average" category.

The table below coincides with the usual "forward look" of about 11 weeks for this article. 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):

Company

Ticker

No.

3/31

Div.

MR%

LY

Ann.

DGR

Name

Symbol

Yrs

Price

Yield

Inc.

Ex-Div

Div.

5-yr

Donegal Group Inc. A

(NASDAQ:DGICA)

13

14.38

3.76

2.66

4/29/15

0.54

3.2

Donegal Group Inc. B

(NASDAQ:DGICB)

13

11.69

4.02

1.29

4/29/15

0.47

2.8

People's United Financial

(NASDAQ:PBCT)

23

15.93

4.21

1.52

4/29/15

0.67

1.4

Ameriprise Financial Inc.

(NYSE:AMP)

11

94.01

2.85

15.52

4/30/15

2.68

29.5

Int'l Business Machines

(NYSE:IBM)

20

151.45

3.43

18.18

5/6/15

5.20

14.9

AmeriGas Partners LP

(NYSE:APU)

11

43.47

8.47

4.55

5/7/15

3.68

5.5

Xilinx Inc.

(NASDAQ:XLNX)

13

47.43

2.61

6.90

5/11/15

1.24

13.8

Southern Company

(NYSE:SO)

15

51.73

4.19

3.33

5/14/15

2.17

3.6

Franklin Electric Co.

(NASDAQ:FELE)

23

32.17

1.21

8.33

5/19/15

0.39

8.2

Southside Bancshares

(NASDAQ:SBSI)

21

26.07

3.53

9.77

5/19/15

0.92

11.3

CCFNB Bancorp Inc.

(OTCPK:CCFN)

18

40.00

3.55

2.90

5/21/15

1.42

3.6

CSX Corp.

(NYSE:CSX)

11

25.75

2.80

12.50

5/27/15

0.72

16.5

Cullen/Frost Bankers

(NYSE:CFR)

22

55.11

3.85

3.92

5/27/15

2.12

3.4

Factset Research System

(NYSE:FDS)

17

151.53

1.16

12.82

5/27/15

1.76

14.0

Monro Muffler Brake Inc.

(NASDAQ:MNRO)

11

71.47

0.84

15.38

5/28/15

0.60

18.6

Expeditors International

(NASDAQ:EXPD)

21

48.81

1.48

12.50

5/28/15

0.72

12.5

Northrop Grumman

(NYSE:NOC)

12

197.90

1.62

14.29

5/28/15

3.20

13.3

Travelers Companies

(NYSE:TRV)

11

116.71

2.09

10.91

6/8/15

2.44

11.0

Occidental Petroleum

(NYSE:OXY)

12

68.43

4.38

4.17

6/8/15

3.00

15.7

W.R. Berkley Corp.

(NYSE:WRB)

14

56.20

0.85

9.09

6/11/15

0.48

11.7

Thomasville Bancshares

(OTCPK:THVB)

14

29.25

1.54

12.50

6/11/15

0.45

8.4

Chesapeake Utilities

(NYSE:CPK)

12

62.97

1.83

6.48

6/11/15

1.15

5.3

FedEx Corp.

(NYSE:FDX)

14

162.72

0.61

25.00

6/16/15

1.00

13.9

Flowers Foods

(NYSE:FLO)

14

18.46

3.14

9.43

6/17/15

0.58

10.5

Republic Bancorp KY

(NASDAQ:RBCAA)

17

25.83

3.07

5.88

6/17/15

0.79

6.5

Tiffany & Company

(NYSE:TIF)

13

73.38

2.18

5.26

6/18/15

1.60

12.4

Allied World Assurance

(NYSE:AWH)

10

34.94

2.98

15.56

6/19/15

1.04

30.4

Portland General Electric

(NYSE:POR)

10

39.49

3.04

7.14

6/23/15

1.20

2.4

Farmers and Merchants

(OTCQX:FMAO)

11

27.30

3.22

4.76

6/26/15

0.88

3.6

National Healthcare Corp.

(NYSEMKT:NHC)

12

62.30

2.57

17.65

6/26/15

1.60

6.5

Cardinal Health Inc.

(NYSE:CAH)

19

81.95

1.89

12.99

6/29/15

1.55

14.5

HDFC Bank Limited

(NYSE:HDB)

14

61.63

0.61

6.98

6/30/15

0.37

18.2

Regal Beloit Corp.

(NYSE:RBC)

11

63.09

1.46

4.55

6/30/15

0.92

6.4

John Wiley & Sons Inc.

(JW-A)

22

48.89

2.45

3.45

7/2/15

1.20

14.5

Click to enlarge

MR=Most Recent; LY=Last Year; DGR=Dividend Growth Rate through 2015

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. I'm attaching the chart below.

Click to enlarge

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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.

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