Dividend Contenders: 30 Increases Expected By The End Of November

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Includes: AAN, ABC, ACN, AEL, AIZ, ATNI, ATR, BOBE, BOKF, BRO, COLM, DCP, ENB, ET, FLIC, IMASF, LMT, LYBC, MATW, MSFT, MSM, NIDB, NKSH, OKE, PAA, STON, THVB, TXN, WABC, YUM
by: David Fish
Summary

Westamerica Bancorp set to become newest Champion.

Banks and MLPs kick off busy November.

Which stocks will repeat double-digit increases?

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.

Dividend Growth Enters Busy Season

The Dividend Growth "late vacation" that arrived last month is about to give way to give way to the expected acceleration of the fourth quarter. The number of announcements for all Champions, Contenders, Challengers, and Near-Challengers expected in the next 11 weeks has increased to exactly 100 from just 72 a month ago, a good indication of the typical increase in the fourth quarter trend and the first quarter continuation of that trend.

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.

8/31

Div.

MR%

LY

Ann.

DGR

Name

Symbol

Yrs

Price

Yield

Inc.

Ex-Div

Div.

5-yr

ATN International Inc.

(NASDAQ:ATNI)

18

65.34

1.96

10.34

9/28/15

1.28

7.7

First of Long Island Corp.

(NASDAQ:FLIC)

20

32.80

2.44

5.26

9/28/15

0.80

7.1

Lyons Bancorp Inc.

(OTCQX:LYBC)

15

30.00

2.67

5.26

9/28/15

0.80

12.9

Inmarsat plc

(OTCPK:IMASF)

11

10.79

4.62

4.99

9/30/15

0.50

7.6

Accenture plc

(NYSE:ACN)

11

115.00

1.91

7.84

10/14/15

2.20

20.8

Yum! Brands Inc.

(NYSE:YUM)

12

90.71

2.03

12.20

10/14/15

1.84

13.9

Plains All American Pipeline LP

(NYSE:PAA)

14

28.06

9.98

0.72

10/28/15

2.80

8.0

Texas Instruments

(NASDAQ:TXN)

12

69.54

2.19

11.76

10/28/15

1.52

23.4

ONEOK Inc.

(NYSE:OKE)

13

46.89

5.25

1.65

10/29/15

2.46

25.1

Westamerica Bancorp

(NASDAQ:WABC)

24

50.84

3.07

2.63

10/29/15

1.56

1.2

AptarGroup Inc.

(NYSE:ATR)

22

77.98

1.54

7.14

11/2/15

1.20

11.6

Brown & Brown Inc.

(NYSE:BRO)

22

37.47

1.31

11.36

11/2/15

0.49

7.7

Energy Transfer Equity LP

(ETE)

10

17.90

6.37

7.55

11/3/15

1.14

13.6

DCP Midstream Partners LP

(DPM)

10

32.77

9.52

1.30

11/4/15

3.12

5.2

StoneMor Partners LP

(NYSE:STON)

11

24.70

10.69

1.54

11/4/15

2.64

3.0

MSC Industrial Direct Co. Inc.

(NYSE:MSM)

13

73.04

2.35

7.50

11/6/15

1.72

14.2

Northeast Indiana Bancorp

(OTCQB:NIDB)

21

30.50

2.75

5.00

11/6/15

0.84

3.4

BOK Financial Corp.

(NASDAQ:BOKF)

11

69.07

2.49

2.38

11/11/15

1.72

11.3

AmerisourceBergen Corp.

(NYSE:ABC)

11

86.97

1.56

17.24

11/12/15

1.36

28.9

Enbridge Inc.

(NYSE:ENB)

20

39.49

3.72

15.90

11/12/15

1.47

12.3

National Bankshares

(NASDAQ:NKSH)

16

35.88

3.18

0.88

11/13/15

1.14

4.6

Columbia Sportswear Co.

(NASDAQ:COLM)

10

56.17

1.21

13.33

11/17/15

0.68

10.9

Microsoft Corp.

(NASDAQ:MSFT)

14

57.46

2.51

16.13

11/17/15

1.44

18.6

Matthews International

(NASDAQ:MATW)

21

61.51

0.98

15.38

11/19/15

0.60

13.2

American Equity Investment

(NYSE:AEL)

12

17.62

1.25

10.00

11/25/15

0.22

17.1

Assurant Inc.

(NYSE:AIZ)

12

89.55

2.23

66.67

11/25/15

2.00

16.8

Bob Evans Farms

(NASDAQ:BOBE)

10

41.00

3.32

9.68

11/25/15

1.36

10.8

Aaron's Inc.

(NYSE:AAN)

13

24.36

0.41

8.70

11/27/15

0.10

14.4

Lockheed Martin

(NYSE:LMT)

13

242.97

2.72

10.00

11/27/15

6.60

18.4

Thomasville Bancshares Inc.

(OTCPK:THVB)

14

33.00

1.14

15.38

11/30/15

0.38

20.1

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.

Disclosure: I am/we are long YUM,MSFT. 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.

Editor's Note: This article covers one or more microcap stocks. Please be aware of the risks associated with these stocks.