4 High Yield Dividend Aristocrats Dividend Increases In July With 7 More Expected In August

Aug. 01, 2016 3:20 AM ETCSL, DOV, FRT, ITW, NDSN, NNN, O, SWK, WBA, WST, WTRG3 Comments
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Harvesting Dividends


  • 4 members of the S&P High Yield Dividend Aristocrats index announced dividend increases in July.
  • I gave predictions for 3 of them, but for the 2nd time in 3 months, Realty Income announced a small dividend increase. West Pharmaceuticals also delayed its increase to August.
  • For next month's increases, we'll see at least 1 - and possibly 4 - double-digit increases.

As part of my research into dividend growth stocks, I track the dividend payouts for the components of the S&P High Yield Dividend Aristocrats index. This index consists of the roughly 100 stocks that are part of the S&P 1500 index - that's the combination of the S&P 500, S&P Mid Cap 400 and the S&P Small Cap 600 indices - that have increased their regular dividends each year for the last 20 years.

I expect 7 members of the High Yield Dividend Aristocrats index - including 1 that deferred its announcement from July - to announce annual dividend increases in August. Before I give you those predictions, let's take a look at how my predictions from July did.

July saw 4 members of the High Yield Dividend Aristocrats index announce their annual dividend increase. I made predictions for 3 of them in last month's article, but I did not expect Realty Income Corporation (O), which pays dividends monthly, to increase its dividend. For the third time this year, and the 2nd time in the last 3 months, Realty Income increased its monthly dividend. Realty Income's dividend increase of 0.2 cents per share gives the company an annualized dividend of $2.42. Realty Income stock now yields 3.38%.

Here's how my predictions did from July:

National Retail Properties (NNN)

Prediction: 3.4-5.7% increase to $1.80-$1.84

Actual: 4.6% increase to $1.82

Forward yield: 3.42%

The owner of nearly 2,300 retail properties rewarded investors with its 27th year of dividend growth in July. The dividend increase was the largest since 2006, but roughly half the expected increase in FFO in 2016.

Stanley Black & Decker (SWK)

Prediction: 3.6-6.4% increase to $2.28-$2.34

Actual: 5.5% increase to $2.32

Forward yield: 1.91%

Stanley Black & Decker met my expectations of a mid-single digit dividend increase this year. This was in

This article was written by

Harvesting Dividends profile picture
I'm an individual investor looking to grow my wealth over the long term. I've tried many different styles of investing over the last 25 years and have found that buying dividend growth stocks and reinvesting the dividends is one of the easiest ways to grow wealth over the long term. Over the years, I've owned stocks, options, ETFs, treasury notes, and mutual funds. I operate a blog, HarvestingDividends.com, that provides information on the S&P Dividend Aristocrats and other dividend growth stocks.

Disclosure: I am/we are long WBA. 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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