12 Upcoming Dividend Increases

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Includes: AFL, ALK, ALV, AVA, B, BC, CBT, CDW, CMI, CORE, CPLA, DFS, DNB, DNKN, EFX, ES, EVR, EXPE, FBHS, FLIR, GFF, HCSG, HII, HSY, HVT, IP, JKHY, JNJ, KEY, LFUS, LLL, LMAT, LTC, MCS, MGA, MKSI, NDSN, NUS, NVDA, PRI, PRU, RHI, RS, RUTH, SBSI, SMG, SPGI, SWM, TEL, TSCO, VAC, WEYS, XYL
by: Dividend Derek

Summary

53 companies, 12 dividend hikes, and 6 double-digit increases.

All stocks have at least 5 years of dividend growth history.

This week features 2 Dividend Kings, one with a dividend increase.

Introduction

The information presented below was created based on combining the "U.S. Dividend Champion" spreadsheet compiled by David Fish hosted here with upcoming dividend information from the NASDAQ. This meshes metrics about companies with dividend growth history with upcoming dividend payments (and whether those payments are increasing). These companies all have a minimum 5-year dividend growth history.

The "ex-dividend" date is the day you are no longer entitled to the dividend or distribution. You need to have made your purchase by the preceding business day. If the date is a Tuesday, you need to have purchased (or already owned) shares by market close on Monday. Be aware that for any stock going ex-dividend on a Monday (or Tuesday if Monday may be a holiday), you must own it by the prior Friday.

Why Should I Care?

The old adage is that "trees don't grow to the sky" and neither do dividend yields. It is of my opinion that the dividend increase is the most outward sign by management as to how business is going. There are many great businesses that have provided generous raises year after year, and historical stock charts will show how the market has reacted. Here's a hint, it's up and to the right.

What these lists provide is an opportunity for an investor to buy more shares prior to an upcoming ex-dividend date if they so desire. An astute investor could start a position or increase their position size prior to the market readjusting to the new and higher dividend rate.

I've used these lists several times already for some of my own purchases, so I have been "eating my own dog food".

Lastly I have to point out I'm not suggesting a short-term dividend capture strategy. If you are looking to own shares short term, be aware you may be on the hook for a tax for the dividend.

Dividend Streak Categories

Here are the definitions of the streak categories as I'll be using them throughout the piece:

  • King: 50+ years
  • Champion/Aristocrat: 25+ years
  • Contender: 10-24 years
  • Challenger: 5+ years

Fun Facts

Category Count
King 2
Champion 4
Contender 11
Challenger 36

The Main List

The data is sorted by the ex-dividend day (ascending) and then the streak (descending).

Name Ticker Streak Current Yield Ex-Div Date Increase Percent Streak Category
L3 Technologies, Inc. (LLL) 15 1.65 17-May-18 Contender
Cummins Inc. (CMI) 12 2.94 17-May-18 Contender
Prudential Financial, Inc. (PRU) 10 3.56 21-May-18 Contender
Primerica, Inc. (PRI) 9 1.05 21-May-18 Challenger
LeMaitre Vascular, Inc. (LMAT) 8 0.82 21-May-18 Challenger
Alaska Air Group, Inc. (ALK) 6 2.17 21-May-18 Challenger
Brunswick Corporation (BC) 5 1.22 21-May-18 Challenger
AFLAC Incorporated (AFL) 36 2.29 22-May-18 Champion
Jack Henry & Associates, Inc. (JKHY) 28 1.21 22-May-18 Champion
Dun & Bradstreet Corporation (The) (DNB) 12 1.67 22-May-18 Contender
Autoliv, Inc. (ALV) 9 1.65 22-May-18 3.33% Challenger
Haverty Furniture Companies, Inc. (HVT) 9 3.72 22-May-18 Challenger
LTC Properties, Inc. (LTC) 8 5.83 22-May-18 Challenger
Southside Bancshares, Inc. (SBSI) 24 3.31 23-May-18 7.14% Contender
Eversource Energy (D/B/A) (ES) 20 3.52 23-May-18 Contender
Xylem Inc. Common Stock New (XYL) 8 1.18 23-May-18 Challenger
Littelfuse, Inc. (LFUS) 8 0.68 23-May-18 Challenger
Core-Mark Holding Company, Inc. (CORE) 7 2.16 23-May-18 Challenger
Discover Financial Services (DFS) 7 1.81 23-May-18 Challenger
Ruth's Hospitality Group, Inc. (RUTH) 6 1.58 23-May-18 Challenger
Expedia Group, Inc. (EXPE) 6 1.04 23-May-18 Challenger
NVIDIA Corporation (NVDA) 6 0.24 23-May-18 Challenger
Capella Education Company (CPLA) 5 1.95 23-May-18 Challenger
Weyco Group, Inc. (WEYS) 36 2.64 24-May-18 4.55% Champion
Nu Skin Enterprises, Inc. (NUS) 18 1.85 24-May-18 Contender
Healthcare Services Group, Inc. (HCSG) 16 2.03 24-May-18 0.65% Contender
Avista Corporation (AVA) 16 2.84 24-May-18 Contender
Robert Half International Inc. (RHI) 15 1.77 24-May-18 Contender
Evercore Inc. Class A (EVR) 12 1.47 24-May-18 25.00% Contender
FLIR Systems, Inc. (FLIR) 8 1.17 24-May-18 Challenger
The Hershey Company (HSY) 8 2.8 24-May-18 Challenger
Reliance Steel & Aluminum Co. Common Stock (NYSE:DE) (RS) 8 2.14 24-May-18 Challenger
Equifax, Inc. (EFX) 8 1.36 24-May-18 Challenger
International Paper Company (IP) 8 3.45 24-May-18 Challenger
Magna International, Inc. (MGA) 8 1.99 24-May-18 Challenger
Scotts Miracle-Gro Company (The) (SMG) 8 2.46 24-May-18 Challenger
Griffon Corporation (GFF) 7 1.24 24-May-18 Challenger
MKS Instruments, Inc. (MKSI) 7 0.62 24-May-18 11.11% Challenger
Barnes Group, Inc. (B) 7 0.93 24-May-18 14.29% Challenger
Huntington Ingalls Industries, Inc. (HII) 6 1.31 24-May-18 Challenger
TE Connectivity Ltd. New Switzerland Registered Shares (TEL) 6 1.68 24-May-18 10.00% Challenger
Fortune Brands Home & Security, Inc. (FBHS) 6 1.42 24-May-18 Challenger
Cabot Corporation (CBT) 6 2.05 24-May-18 4.76% Challenger
Schweitzer-Mauduit International, Inc. (SWM) 6 3.91 24-May-18 Challenger
CDW Corporation (CDW) 5 1.07 24-May-18 Challenger
Marcus Corporation (The) (MCS) 5 1.88 24-May-18 Challenger
Marriot Vacations Worldwide Corporation (VAC) 5 1.35 24-May-18 Challenger
Johnson & Johnson (JNJ) 56 2.68 25-May-18 7.14% King
Nordson Corporation (NDSN) 54 0.89 25-May-18 King
S&P Global Inc. (SPGI) 45 1.01 25-May-18 Champion
Tractor Supply Company (TSCO) 8 1.52 25-May-18 14.81% Challenger
Dunkin' Brands Group, Inc. (DNKN) 7 2.12 25-May-18 Challenger
KeyCorp (KEY) 7 2.06 25-May-18 14.29% Challenger

Notes

  • Johnson & Johnson, legendary Dividend King, is raising its dividend by 7%.

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Field Definitions

Streak: This is years of dividend growth history sourced from the U.S. Dividend Champions spreadsheet. Here are some definitions to clarify the fields.

Current Yield: This is a snapshot of roughly what the current yield is as of the time of writing. This is not a forward yield if the company in question has raised its dividend.

Ex-Dividend Date: This is the date you need to own the stock by.

Increase Percent: If the payment amount is being increased in this payment, this is the size of that increase.

Streak Category: Lastly, this is the overall dividend history classification of the company.

Additional Metrics

Here are some additional metrics related to these companies, including yearly pricing action and the PE ratio. This table is sorted in exactly the same way as the table above. The value investor may find stock ideas with those companies near their 52-week low.

Ticker Current Price 52 Week Low 52 Week High PE Ratio % Off Low % Off High
LLL 193.38 159.43 218.71 21.52 20% Off Low 12% Off High
CMI 147.18 140.6 194.18 26.56 4% Off Low 24% Off High
PRU 101.17 95.83 127.14 5.63 4% Off Low 20% Off High
PRI 95.35 70 108.05 11.92 34% Off Low 12% Off High
LMAT 33.94 25.05 41.28 38.57 32% Off Low 19% Off High
ALK 59.1 57.6 95.75 7.86 0% Off Low 38% Off High
BC 62.37 48.04 64.45 36.69 26% Off Low 4% Off High
AFL 45.41 36.41 46.19 7.6 23% Off Low 1% Off High
JKHY 122.29 97.37 127.31 26.64 25% Off Low 4% Off High
DNB 125.31 101.17 130.95 24.64 20% Off Low 5% Off High
ALV 145.3 102.08 153.84 31.06 42% Off Low 5% Off High
HVT 19.38 17.7 27.23 19.53 10% Off Low 28% Off High
LTC 39.14 34.46 52.85 18.04 13% Off Low 26% Off High
SBSI 33.84 31.18 37.55 19.12 7% Off Low 10% Off High
ES 57.45 55.93 66.15 18.26 2% Off Low 13% Off High
XYL 71.46 51.03 79.83 36.45 40% Off Low 8% Off High
LFUS 216.54 157.26 226.33 43.75 35% Off Low 5% Off High
CORE 18.53 17.1 38.2 28.72 10% Off Low 49% Off High
DFS 77.43 57.5 81.93 13.35 32% Off Low 5% Off High
RUTH 27.8 17.95 28.75 26.23 51% Off Low 4% Off High
EXPE 115.58 98.52 161 56.72 15% Off Low 29% Off High
NVDA 246.01 127.05 260.5 40.93 91% Off Low 5% Off High
CPLA 88.25 65.15 98.2 40.76 35% Off Low 7% Off High
WEYS 33.37 26.51 38.25 19.86 16% Off Low 17% Off High
NUS 79.02 53.5 79.4 31.61 44% Off Low New High
HCSG 37.36 35.04 56.2 42.41 6% Off Low 33% Off High
AVA 52.45 41 52.83 31.6 28% Off Low 1% Off High
RHI 63.35 42.92 63.7 25.54 46% Off Low 1% Off High
EVR 109.15 66.8 109.3 35.79 60% Off Low 0% Off High
FLIR 54.73 33.95 55.67 72.97 61% Off Low 1% Off High
HSY 93.64 89.1 116.49 19.8 4% Off Low 20% Off High
RS 93.62 68.46 95.97 10.28 33% Off Low 3% Off High
EFX 114.46 89.59 147.02 26.5 25% Off Low 22% Off High
IP 55.03 50 66.94 8.63 6% Off Low 19% Off High
MGA 66.25 43.18 66.52 10.61 49% Off Low 1% Off High
SMG 86.07 76.6 110.12 23.27 8% Off Low 23% Off High
GFF 22.55 16.68 23.22 8.17 32% Off Low 4% Off High
MKSI 116.65 65.9 128.28 16.95 72% Off Low 10% Off High
B 60.25 52.42 72.87 55.28 11% Off Low 18% Off High
HII 220.58 183.42 276.69 19.4 18% Off Low 21% Off High
TEL 95.32 73.01 108.23 25.69 29% Off Low 12% Off High
FBHS 56.42 53.56 73.62 18.62 3% Off Low 24% Off High
CBT 61.37 50.21 68.63 0 20% Off Low 11% Off High
SWM 43.95 36.26 48.06 32.9 18% Off Low 10% Off High
CDW 78.64 55.8 79.26 20.69 39% Off Low 0% Off High
MCS 31.95 23.55 34.6 13.88 35% Off Low 7% Off High
VAC 118.51 107.58 154.14 14.24 7% Off Low 24% Off High
JNJ 125.35 121.28 148.32 329.76 3% Off Low 15% Off High
NDSN 134.18 107.16 151.84 22.36 21% Off Low 13% Off High
SPGI 198.18 136.22 201.44 32.07 44% Off Low 1% Off High
TSCO 71.02 49.87 82.68 20.83 41% Off Low 13% Off High
DNKN 65.52 50.89 68.45 16.93 27% Off Low 5% Off High
KEY 20.36 16.28 22.4 16.55 24% Off Low 8% Off High

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Tickers By Yield (With Growth Rates)

Some investors are more interested in current yield, so this table is sorted descending by yield. This also includes some of the historical dividend growth rates as a bonus. Additionally, the "Chowder Rule" has been included. That is the current yield plus the 5-year dividend growth rate.

Ticker Yield 1 Yr DG 3 Yr DG 5 Yr DG 10 Yr DG Chowder Rule
LTC 5.83 4.1 3.8 5 4.3 10.9
SWM 3.91 4.3 5 30.3 18.9 34.3
HVT 3.72 22.7 19.1 27.5 7.2 31.2
PRU 3.56 7.1 11.4 13.4 10.1 17
ES 3.52 6.7 6.6 7.5 9.4 11
IP 3.45 4.5 8.9 11.6 6.6 15.1
SBSI 3.31 17.7 12.3 11.7 13.9 15
CMI 2.94 5.2 14.4 18.5 25.6 21.5
AVA 2.84 4.4 4 4.3 9.2 7.2
HSY 2.8 6.1 7.7 10.3 8.4 13.1
JNJ 2.68 5.4 6.4 6.7 7.4 9.4
WEYS 2.64 4.8 5.1 5.7 8.1 8.5
SMG 2.46 6.2 5.1 10.5 15.2 13
AFL 2.29 4.8 5.5 5.4 8.1 7.7
ALK 2.17 9.1 33.9
CORE 2.16 12.1 17.2 16.2 18.3
RS 2.14 9.1 8.7 17.6 18.9 19.8
DNKN 2.12 7.5 11.9 16.5 18.6
KEY 2.06 15.2 15 16.1 -12.6 18.2
CBT 2.05 11.2 13.1 9.8 5.6 11.9
HCSG 2.03 2.7 2.8 2.9 10.4 4.9
MGA 1.99 10 13.1 14.9 14.4 16.9
CPLA 1.95 5.1 5.4
MCS 1.88 11.1 10.6 8 3.9 9.9
NUS 1.85 1.4 1.4 12.5 13.1 14.4
DFS 1.81 12.1 12.2 26.6 36 28.4
RHI 1.77 9.1 10.1 9.9 9.1 11.7
TEL 1.68 9 11.9 14.2 15.9
DNB 1.67 4.1 4.5 5.7 7.2 7.4
LLL 1.65 7.1 7.7 8.9 12.1 10.6
ALV 1.65 3.5 3.9 4.7 4.4 6.4
RUTH 1.58 28.6 21.6
TSCO 1.52 14.1 19.8 23.9 25.4
EVR 1.47 11.8 11.3 11.6 13.2 13.1
FBHS 1.42 12.5 14.5
EFX 1.36 18.2 16 16.7 25.6 18.1
VAC 1.35 16.7 77.6
HII 1.31 20 36.1 90.7 92
GFF 1.24 19 24.4 24.1 25.4
BC 1.22 11.4 15 68.8 1.3 70.1
JKHY 1.21 10.7 12.1 21.9 16.9 23.1
XYL 1.18 16.2 12 12.3 13.5
FLIR 1.17 25 14.5 16.5 17.7
CDW 1.07 43 52.4
PRI 1.05 11.4 17.6 26.6 27.7
EXPE 1.04 16 20.7 21.4 22.5
SPGI 1.01 13.9 11 10 7.2 11
B 0.93 7.8 4.6 6.6 0.1 7.5
NDSN 0.89 11.8 14.5 16.8 12.5 17.7
LMAT 0.82 20 15.9 17.2 18
LFUS 0.68 12.9 14.2 13 13.7
MKSI 0.62 3.7 2.5 2.6 3.2
NVDA 0.24 17.5 18.8 50 50.2

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Conclusion

I hope you are able to find this information valuable. I'm open to any suggestions you may have to make this more valuable. If you like this information, check out my site CustomStockAlerts.com where you can get alerts on upcoming dividends and more.

As always, do your due diligence on any stock before buying or selling. Happy investing!

Disclosure: I am/we are long AAPL,ABT,AFL,AMP,AMZN,ANTM,BRK.B,CMI,CSCO,CVS,DEO,DIS,DUK,FB,GLW,GOOG,HD,JNJ,JPM,MDT,MO,NKE,O,OHI,PRU,PSA,SBUX,SCHD,SKT,SPHD,STAG,SWK,T,TROW,TRV,UA,UTX,VFC,VTR,VZ,WPC,WSM.

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.