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.
New For This Week
For those who read regularly, this has been a comprehensive list of all of the dividend growth companies paying out next week, regardless if it was upcoming dividend increase or not. I am trying to focus this article more by only including the dividend increases. Let me know what you think of this.
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 the dividend increase. An investor could start a position or increase their position size prior to the market readjusting to the new and higher dividend rate.
I built this from my own need to stay on top of increases so I am most certainly 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
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|
|RLI Corp. Common Stock (DE)||(RLI)||42||1.25||30-May-18||4.76%||Champion|
|Cullen/Frost Bankers, Inc.||(CFR)||25||1.93||30-May-18||17.54%||Champion|
|FactSet Research Systems Inc.||(FDS)||19||1.11||30-May-18||14.29%||Contender|
|International Speedway Corporation - Class A Common Stock||(ISCA)||13||1||30-May-18||9.30%||Contender|
|Goldman Sachs Group, Inc. (The)||(GS)||8||1.26||30-May-18||6.67%||Challenger|
|Central Pacific Financial Corp New||(CPF)||6||2.53||30-May-18||10.53%||Challenger|
|Connecticut Water Service, Inc.||(CTWS)||48||1.86||31-May-18||5.04%||Champion|
|Expeditors International of Washington, Inc.||(EXPD)||23||1.14||31-May-18||7.14%||Contender|
|Ashland Global Holdings Inc.||(ASH)||8||1.16||31-May-18||11.11%||Challenger|
|NBT Bancorp Inc.||(NBTB)||6||2.39||31-May-18||8.70%||Challenger|
|NRG Yield, Inc. Class C||(NYLD)||6||6.71||31-May-18||3.69%||Challenger|
|Universal Forest Products, Inc.||(UFPI)||6||0.95||31-May-18||5.88%||Challenger|
|Hyster-Yale Materials Handling, Inc. Class A||(HY)||6||1.74||31-May-18||2.31%||Challenger|
|First Merchants Corporation||(FRME)||6||1.57||31-May-18||22.22%||Challenger|
|First Connecticut Bancorp, Inc.||(FBNK)||5||2.47||31-May-18||6.25%||Challenger|
|Watts Water Technologies, Inc. Class A||(WTS)||5||0.98||31-May-18||10.53%||Challenger|
|United Fire Group, Inc||(UFCS)||5||2.1||31-May-18||10.71%||Challenger|
|Northrop Grumman Corporation||(NOC)||15||1.34||1-Jun-18||9.09%||Contender|
|Principal Financial Group Inc||(PFG)||10||3.43||1-Jun-18||1.96%||Contender|
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: The amount the dividend is being increased
Streak Category: Lastly, this is the overall dividend history classification of the company.
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|
|QCOM||58.82||48.56||69.28||0||17% Off Low||15% Off High|
|RLI||67.15||48.89||67.98||30.66||38% Off Low||0% Off High|
|CFR||118.23||81.09||121.66||20.36||47% Off Low||New High|
|FDS||201.9||155.09||217.36||32.15||29% Off Low||7% Off High|
|ISCA||42.95||32.25||47.45||7.34||32% Off Low||9% Off High|
|GS||237.81||209.62||275.31||22.82||12% Off Low||14% Off High|
|CPF||29.99||27.34||33.15||21.42||10% Off Low||8% Off High|
|CTWS||63.88||48.86||69.72||38.26||30% Off Low||8% Off High|
|PEP||100.45||95.94||122.51||29.63||4% Off Low||18% Off High|
|EXPD||73.56||51.96||73.89||25.02||41% Off Low||New High|
|ASH||77.74||59.8||79.68||0||31% Off Low||New High|
|MAN||92.47||91.55||136.93||10.98||New Low||32% Off High|
|NYLD||17.73||15.55||20.15||0||13% Off Low||11% Off High|
|FRME||45.93||37.09||47.15||19.97||23% Off Low||New High|
|HY||69.59||62.62||93.9||25.4||12% Off Low||23% Off High|
|NBTB||38.53||31.28||40.47||19.28||22% Off Low||4% Off High|
|UFPI||35.72||25.93||39.58||16.83||36% Off Low||9% Off High|
|FBNK||25.9||23.25||28.5||23.98||12% Off Low||8% Off High|
|WTS||77.55||59.15||84.25||33.57||31% Off Low||6% Off High|
|UFCS||53.29||38.95||54.51||27.54||37% Off Low||0% Off High|
|ABAX||82.98||43.66||83.98||70.32||90% Off Low||1% Off High|
|NOC||328.16||251||360.88||27.23||30% Off Low||9% Off High|
|PFG||59.41||54.89||75.59||7.38||7% Off Low|| |
21% Off High
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|
Consumer stocks have been hammered lately and one that looks worth of more research is Pepsi. Shares are down 20% from their highs, trade for 17.5x full year estimates and sport a forward 3.7% yield.
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.
Once again, let me know what you think of focusing this article strictly on the dividend increases versus the data dump of all dividend growth companies paying out.
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.