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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.

Quiet Time Continues

After dividend increases that coincided with annual shareholder meetings in April or May, we started to see a drop-off in the pace of such announcements. Although there are still corporations that will raise their dividend between now and the end of August (which coincides with the "forward look" of about 11 weeks for this article), we'll probably continue to see fewer in the months ahead.

I have 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 Contenders (10-24 years):

Company

Stock

No.

5/31

Div.

LY%

LY

Ann.

Name

Symbol

Yrs

Price

Yield

Inc.

Ex-Div

Div.

John Wiley & Sons Inc.

(NYSE:JW.A)

18

45.50

1.76

25.00

6/30/11

0.80

Hingham Inst. for Sav.

(NASDAQ:HIFS)

18

58.40

2.11

6.96

7/7/11

1.23

A.O. Smith Corp.

(NYSE:AOS)

18

46.16

1.39

14.29

7/27/11

0.64

National Retail Prop.

(NYSE:NNN)

22

26.49

5.81

1.32

7/27/11

1.54

CARBO Ceramics

(NYSE:CRR)

11

81.36

1.18

20.00

7/28/11

0.96

TC Pipelines LP

(NYSE:TCP)

12

41.00

7.51

2.67

7/28/11

3.08

AptarGroup Inc.

(NYSE:ATR)

18

50.67

1.74

22.22

7/29/11

0.88

NuStar Energy LP

(NYSE:NS)

11

52.21

8.39

1.86

8/5/11

4.38

J.M. Smucker Co.

(NYSE:SJM)

12

76.56

2.51

9.09

8/10/11

1.92

Juniata Valley Financial

(OTCPK:JUVF)

21

18.85

4.67

4.76

8/11/11

0.88

Alterra Capital Holdings

(NASDAQ:ALTE)

11

22.21

2.52

16.67

8/12/11

0.56

Maxim Integrated Prod.

(NASDAQ:MXIM)

10

25.16

3.50

4.76

8/19/11

0.88

Badger Meter Inc.

(NYSE:BMI)

19

36.11

1.77

14.29

8/29/11

0.64

Computer Services Inc.

(OTCQX:CSVI)

23

32.50

1.54

13.64

8/30/11

0.50

In addition, about two dozen MLPs (Master Limited Partnerships) among the Contenders and Challengers tend to raise their dividends each quarter, and would likely announce those increases in late July or early August. 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 have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.