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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

The usual summer drop-off in the pace of dividend increase announcements continues into the fall, as you can see by the relatively low number of companies listed below. There are still corporations that will raise their dividend between now and the end of October (which coincides with the "forward look" of about 11 weeks for this article), but we'll continue to see a relatively slow pace until the fourth quarter.

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.

7/31

Div.

LY%

LY

Ann.

Name

Symbol

Yrs

Price

Yield

Inc.

Ex-Div

Div.

Community Bank Sys.

(NYSE:CBU)

19

27.51

3.78

8.33

9/13/11

1.04

BancFirst Corp. OK

(NASDAQ:BANF)

18

40.62

2.66

8.00

9/28/11

1.08

HCC Insurance Hdgs

(NYSE:HCC)

15

30.64

2.02

6.90

9/29/11

0.62

Nippon Tele&Tele

(NYSE:NTT)

10

23.18

3.55

18.85

9/29/11

0.82

NTT DoCoMo Inc.

(NYSE:DCM)

10

16.70

4.11

15.59

9/29/11

0.69

First of Long Island

(NASDAQ:FLIC)

16

28.69

3.21

4.55

10/4/11

0.92

Atlantic Tele Network

(NASDAQ:ATNI)

14

34.96

2.63

4.55

10/5/11

0.92

West Pharmaceutical

(NYSE:WST)

19

49.78

1.45

5.88

10/17/11

0.72

Matthews International

(NASDAQ:MATW)

17

29.00

1.24

12.50

10/27/11

0.36

Brown & Brown Insurance

(NYSE:BRO)

18

25.24

1.35

6.25

10/31/11

0.34

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)

Source: Dividend Contenders: 10 Increases Expected By October 31