One way to identify dividend growth stocks for further analysis is to monitor dividend increases. Companies that regularly raise dividends show confidence in the potential growth of future earnings. This week, 7 companies on my watch list declared dividend increases, including 1 of the stocks I own. The following table provides a summary of these increases.
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: April 11-15, 2016
Previous Post: 7 Dividend Increases: March 28-April 8, 2016
• International Speedway Corp (NASDAQ:ISCA)
ISCA owns and/or operates 13 motorsports entertainment facilitates and promotes more than 100 motorsports racing events in the United States. The company's motorsports themed events consist primarily of racing events at facilities such as Daytona International Speedway, Talladega Superspeedway, and Michigan International Speedway. ISCA was founded in 1953 and is headquartered in Daytona Beach, Florida. On Wednesday, April 13, ISCA increased its annual dividend to 41¢ per share, an increase of 57.69%. The first payment will be on June 30 to shareholders of record on May 31. The ex-dividend date is May 26.
• Costco Wholesale (NASDAQ:COST)
Founded in 1976 and based in Issaquah, Washington, COST operates more than 700 membership warehouses in the United States and internationally. The company offers branded and private-label products in a range of merchandise categories. COST also operates gas stations, pharmacies, food courts, optical dispensing centers, photo processing centers, and hearing-aid centers; and engages in the travel business. On April 14, the company declared a dividend of 45¢ per share. The new dividend represents a 12.50% increase. The ex-dividend date is April 27 and the dividend will be paid on May 13 to shareholders of record on April 29.
• IDEX Corp (NYSE:IEX)
IEX is an applied solutions company specializing in fluid and metering technologies, health and science technologies, and fire, safety and other diversified products built to its customers' exacting specifications. Products are sold in niche markets to a wide range of industries throughout the world. The company was founded in 1987 and is based in Lake Forest, Illinois. On Wednesday, April 6, IEX increased its quarterly dividend to 34¢ per share, an increase of 6.25%. The dividend is payable April 29, with an ex-dividend date of April 14.
• Genesis Energy LP (NYSE:GEL)
GEL was founded in 1996 and is based in Houston, Texas. GEL is a limited partnership focused on the midstream segment of the oil and gas industry in the Gulf Coast region of the United States, primarily Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida and in the Gulf of Mexico. Recently, GEL increased its quarterly distribution to 67.25¢ per unit, an increase of 2.67% over the prior distribution of 65.5¢ per unit. The first payment will be on May 13 to unitholders of record on April 29. The ex-dividend date is April 27.
• Omega Healthcare Investors (NYSE:OHI)
OHI is a self-administered REIT (real estate investment trust) that invests in income-producing healthcare facilities located throughout the United States. The company provides lease or mortgage financing to healthcare operating companies, funding investments through loans under revolving credit facilities, from private or public offerings of debt or equity securities, or through secured indebtedness. OHI was founded in 1992 and is based in Hunt Valley, Maryland. Recently, OHI increased its quarterly dividend by 1.75% to 58¢ per share. All shareholders of record on May 2 can expect the dividend to be paid on May 16.
• Enterprise Products Partners LP (NYSE:EPD)
EPD is one of the largest publicly traded partnerships and a leading integrated provider of processing and transportation services to producers of Natural Gas Liquids (NGLS) and consumers of NGL products. The partnership's assets include approximately 49,000 miles of pipelines; 225 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity. EPD was founded in 1968 and is based in Houston, Texas. The board of directors of EPD has declared a quarterly distribution of 39.5¢ per unit. The new distribution is 1.28% above the prior distribution of 39¢ per unit. The first payment will be on May 6 to unitholders of record on April 29. The ex-dividend date is April 27.
• Healthcare Services Group Inc (NASDAQ:HCSG)
Founded in 1976 and based in Bensalem, Pennsylvania, HCSG provides management, administrative, and operating services to housekeeping, laundry, linen, facility maintenance, and dietary service departments in nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. As of 31 December 2014, the company provided its services to approximately 3,500 facilities in 48 states. Healthcare Services Group, Inc. was founded in 1976 and is based in Bensalem, Pennsylvania. Recently, HCSG increased its quarterly dividend from 18.125¢ per share to 18.25¢ per share, an increase of 0.69%. The ex-dividend date is May 18 and the dividend will be paid on June 24 to shareholders of record on May 20.
Please note that I'm not recommending any of these stocks. Readers should do their own research on these companies before buying shares.
Thanks for reading! If you like this article and would like to read similar ones in future, please click the Follow link at the top of this article.
Disclosure: I am/we are long OHI.
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.