One way to identify dividend growth stocks for further analysis is to monitor dividend increases. Companies that regularly increase dividends show confidence in the potential growth of future earnings.
This week, 19 companies on my watch list announced dividend increases, including 3 of my DivGro holdings. The following table provides a summary of these increases.
The table is sorted by percentage increase, %Incr. Dividends are annualized and in US dollars, unless otherwise indicated. Yield is 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. 1-yr %Incr is the percentage increase from the year-ago dividend. (Some companies increase their dividends more than once a year, so this puts the most recent dividend increase in context).
|Summary of Dividend Increases: February 6-10, 2017|
|Previous Post: 19 Dividend Increases: January 30-February 3, 2017|
• Equifax Inc. (NYSE:EFX)
EFX provides information solutions and human resources business process outsourcing services for businesses, governments and consumers in the United States and internationally. The company serves customers in a wide range of industries, including financial services, human resources, telecommunications, retail, automotive, and utilities. It also provides services to state and federal governments. EFX was founded in 1899 and is headquartered in Atlanta, Georgia.
The company announced an increase of its quarterly dividend of 18.18% to 39¢ per share. The dividend is payable on March 15 to shareholders of record on March 3. The stock will trade ex-dividend on March 1.
• Allstate Corp. (NYSE:ALL)
Founded in 1931 and headquartered in Northbrook, Illinois, ALL is a holding company engaged in property-liability insurance and life insurance in the United States and Canada. The company sells insurance products covering automobiles, homes, and other properties under the Allstate, Esurance, and Encompass brand names. It also sells life insurance and voluntary accident and health insurance products.
Recently, ALL increased its quarterly dividend from 33¢ per share to 37¢ per share, an increase of 12.12%. The dividend is payable on April 3 to shareholders of record at the close of business on February 28.
• Hasbro, Inc. (NASDAQ:HAS)
HAS is a worldwide leader in children's and family leisure time and entertainment products and services. The range of offerings includes toys and games, television programming, motion pictures, digital gaming and a comprehensive licensing program. The company was founded in 1923 and is headquartered in Pawtucket, Rhode Island.
On February 6, the company declared a dividend of 57¢ per share. The new dividend represents an 11.76% increase. The dividend is payable on May 15 to shareholders of record on May 1.
• Gilead Sciences, Inc. (NASDAQ:GILD)
GILD is a research-based biopharmaceutical company that discovers, develops and commercializes innovative medicines. The company's primary areas of focus include human immunodeficiency virus, liver diseases such as chronic hepatitis C virus infection and chronic hepatitis B virus infection, oncology and inflammation, and serious cardiovascular and respiratory conditions. GILD markets its products through commercial teams and in conjunction with third-party distributors and corporate partners. The company was founded in 1987 and is headquartered in Foster City, California.
On February 7, the company declared a dividend of 52¢ per share. The new dividend represents a 10.64% increase. The dividend is payable on March 30 to shareholders of record at the close of business on March 16.
• CME Group Inc. (NASDAQ:CME)
CME, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts. The company also provides clearing and settlement services for exchange-traded contracts, as well as for cleared swaps; and regulatory reporting solutions for market participants through its global repository services in the United States, the United Kingdom, Canada, and Australia. CME was founded in 1898 and is headquartered in Chicago, Illinois.
Recently, CME increased its quarterly dividend to 66¢ per share, an increase of 10.00% over the prior dividend of 60¢ per share. The dividend is payable on March 27 to shareholders of record at the close of business on March 10.
• Dr Pepper Snapple Group (NYSE:DPS)
Incorporated in 2007 and headquarters in Plano, Texas, DPS is one of the largest beverage companies in the Americas. DPS has a diverse portfolio of flavored carbonated soft drinks, including brands such as Dr Pepper, Sunkist and 7UP, as well as non-carbonated beverages such as Snapple, Hawaiian Punch, and Rose's.
DPS will pay a quarterly dividend of 58¢ per share, an increase of 9.43% over the previous quarterly dividend. The dividend is payable April 5, with an ex-dividend date of March 10.
• Robert Half International Inc. (NYSE:RHI)
Founded in 1948 and headquartered in Menlo Park, California, RHI provides specialized staffing and risk consulting services in more than 400 locations worldwide. The company's specialized staffing divisions include Accountemps, Robert Half Finance & Accounting and Robert Half Management Resources, OfficeTeam, Robert Half Technology, Robert Half Legal, The Creative Group and Protiviti. RHI markets its staffing services to clients as well as to employment candidates.
The company's board of directors approved an increase in the quarterly dividend of 9.09% to 24¢ per share. The first payment will be on March 15 to shareholders of record on February 24. The ex-dividend date is February 22.
• GEO Group, Inc. (NYSE:GEO)
GEO is a real estate investment trust specializing in the ownership, leasing, and management of correctional, detention, and re-entry facilities in the United States, Australia, South Africa, and the United Kingdom. The company also provides community-based and youth services. It operates through four segments: U.S. Corrections & Detention, GEO Community Services, International Services, and Facility Construction & Design. GEO was founded in 1984 and is headquartered in Boca Raton, Florida.
Recently, the board of directors of GEO declared a quarterly dividend of 70¢ per share. The new dividend represents an increase of 7.69%. The first payment will be on February 27 to shareholders of record on February 17. The ex-dividend date is February 15.
• Dunkin' Brands (NASDAQ:DNKN)
DNKN develops, franchises, and licenses quick service restaurants under the Dunkin' Donuts and Baskin-Robbins brands worldwide. These restaurants serve coffee, baked goods and ice cream. The company has more than 18,000 points of distribution in approximately 60 countries. DNKN is headquartered in Canton, Massachusetts.
On Thursday, February 9, DNKN increased its quarterly dividend to 32.25¢ per share, an increase of 7.50%. The new dividend is payable on March 22 to shareholders of record on March 13, with an ex-dividend date of March 9.
• Church & Dwight (NYSE:CHD)
CHD develops, manufactures and markets a range of household, personal care and specialty products. The company sells its consumer products under a range of brands through a distribution platform that includes supermarkets, mass merchandisers, wholesale clubs, drugstores, convenience stores, specialty stores, and websites. CHD was founded in 1846 and is headquartered in Ewing, New Jersey.
CHD will pay a quarterly dividend of 19¢ per share, an increase of 7.04% over the previous quarterly dividend. The quarterly dividend will be paid on March 1 to shareholders of record on February 21. The ex-dividend date is February 16.
• Archer Daniels Midland (NYSE:ADM)
Founded in 1898 and headquartered in Chicago, Illinois, ADM is engaged in the processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities. The company manufactures protein meal, vegetable oil, corn sweeteners, flour, and other value-added food and feed ingredients, as well as biodiesel and ethanol.
The company announced an increase of its quarterly dividend of 6.67% to 32¢ per share. All shareholders of record on February 21 can expect the dividend to be paid on March 14.
• United Parcel Service, Inc. (NYSE:UPS)
UPS is a global leader in logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide.
On February 8, the board of directors approved an increase to the regular quarterly dividend from 78¢ per share to 83¢ per share, an increase of 6.41%. The quarterly dividend will be paid on March 8 to shareholders of record on February 21. The ex-dividend date is February 16.
• Black Hills Corp. (NYSE:BKH)
Founded in 1941 and headquartered in Rapid City, South Dakota, BKH is a diversified energy company with operations in the United States. The company's regulated utilities segments provide electricity to customers in South Dakota, Wyoming, Colorado, and Montana; and natural gas to customers in Colorado, Nebraska, Iowa, and Kansas. BKH's non-regulated energy group is involved in power generation, coal mining, and oil and gas production.
The board of directors of BKH has declared a quarterly dividend of 44.5¢ per share. The new dividend is 5.95% above the prior dividend of 42¢ per share. The dividend is payable March 1, with an ex-dividend date of February 13.
• 3M Company (NYSE:MMM)
MMM is a diversified technology company with worldwide operations. The company has leading positions in consumer and office; display and graphics; electronics and telecommunications; health care; industrial; safety, security and protection services; transportation and other businesses. MMM is an integrated enterprise characterized by substantial inter-company cooperation in research, manufacturing and marketing of products. MMM was founded in 1902 and is headquartered in St. Paul, Minnesota.
Recently, MMM increased its quarterly dividend to $1.18 per share, an increase of 5.86% over the prior dividend of $1.11 per share. The first payment will be on March 12 to shareholders of record on February 17. The ex-dividend date is February 15.
• Bemis Company (NYSE:BMS)
BMS manufactures and sells packaging products in North America, Latin America, Europe, and the Asia-Pacific. The company offers multilayer polymer, blown, and cast film structures; and injection molded plastic and folding carton packaging products. The company's products are used to produce packaging for food, medical, pharmaceutical, personal care, electronics, and industrial applications. It sells its products through its direct sales force. BMS was founded in 1858 and is based in Neenah, Wisconsin.
Recently, BMS increased its quarterly dividend by 3.45% to 30¢ per share. The new dividend is payable on March 1 to shareholders of record on February 21, with an ex-dividend date of February 16.
• Penske Automotive Group, Inc. (NYSE:PAG)
Headquartered in Bloomfield Hills, Michigan, PAG is an international transportation services company that operates automotive and commercial vehicle dealerships in the United States and Western Europe. PAG distributes commercial vehicles, diesel engines, gas engines, power systems and related parts and services in Australia and New Zealand.
On February 9, the company declared a dividend of 30¢ per share. The new dividend represents a 3.45% increase. The ex-dividend date is February 15 and the dividend will be paid on March 1 to shareholders of record on February 20.
• j2 Global, Inc. (NASDAQ:JCOM)
Founded in 1995, JCOM provides Internet services worldwide. Through its Business Cloud Services segment, the company provides cloud services to business of all sizes, from individuals to enterprises, and licenses it intellectual property rights to third parties. The company's Digital Media segment specializes in the technology and gaming markets, men's lifestyle products and services, and a variety of other Web-related products and services. JCOM is headquartered in Los Angeles, California.
The company declared a quarterly dividend of 36.5¢ per share, an increase of 2.82% over the prior quarterly dividend. The first payment will be on March 9 to shareholders of record on February 22. The ex-dividend date is February 17.
• Spectra Energy Partners, LP (NYSE:SEP)
Based in Houston, Texas, SEP is a master limited partnership formed by Spectra Energy Corporation (NYSE:SE). SEP is one of the largest pipeline MLPs in the United States. It is engaged in the transmission, storage and gathering of natural gas, the transportation and storage of crude oil, and the transportation of natural gas liquids in the central, southern and eastern United States, as well as western Canada.
Recently, SEP increased its quarterly distribution to 68.875¢ per unit, an increase of 1.85% over the prior distribution of 67.625¢ per unit. The distribution is payable on February 28 to unitholders of record on February 17. The stock will trade ex-dividend on February 15.
• Microchip Technology Inc. (NASDAQ:MCHP)
MCHP develops, manufactures and sells specialized semiconductor products for a wide range of embedded control applications. The company sells its products through a network of direct sales personnel and distributors in the Americas, Europe and Asia. The company offers microcontrollers under the PIC brand name and development tools to enable system designers to program PIC microcontrollers for specific applications. MCHP was founded in 1989 and is headquartered in Chandler, Arizona.
MCHP will pay a quarterly dividend of 36.1¢ per share, an increase of 0.11% over the previous quarterly dividend. MCHP will trade ex-dividend on February 16. The dividend is payable on March 7, to shareholders of record on February 21.
Please note that I'm not recommending any of these stocks. Readers should do their own research on these companies before buying shares.
As a bonus, I'm including a chart from F.A.S.T. Graphs for one of the dividend raisers, DPS, which yields 2.48% and has a solid 5-year dividend growth rate of 12.7%:
The stock's price line (in black) is well above both the orange and blue lines, meaning it is trading at a premium to fair value. What impresses me is the stock's steady earnings and dividend growth.
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 GILD, MMM, UPS.
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.