19 Upcoming Dividend Increases

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Includes: AIT, ALE, ALK, AMGN, BAH, CVX, ED, ENB, FDEF, GEO, MKTX, NP, PFS, SMP, SPG, SSB, THE, VLO, WEC, XYL
by: Dividend Derek
Summary

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

19 companies this week (down 1 from last week).

6 have at least a 10% increase!

Introduction

I love stocks that grow their dividends year in and out. You probably do too! If so, you are in the right place. I've created a list of stocks that are increasing their dividend next week. This gives investors an opportunity to start or add to a position to capture an upcoming payment. This can be especially important for retirees who live on dividend checks.

This list is a trimmed-down version only covering dividend increases. A full upcoming dividend calendar is available here. If you know how this was built and the caveats, feel free to jump down to the lists themselves.

How It's Assembled

The information presented below was created by combining the "U.S. Dividend Champion" spreadsheet hosted here, with upcoming dividend information from 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 five-year dividend growth history.

What Is The Ex-Dividend Date?

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.

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 0
Champion 2
Contender 4
Challenger 13

The Main List

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

Name Ticker Streak Forward Yield Ex-Div Date Increase Percent Streak Category
Consolidated Edison, Inc. (ED) 45 3.83 12-Feb-19 3.50% Champion
MarketAxess Holdings, Inc. (MKTX) 11 0.93 12-Feb-19 21.43% Contender
Valero Energy Corporation (VLO) 9 4.19 12-Feb-19 12.50% Challenger
WEC Energy Group, Inc. (WEC) 16 3.23 13-Feb-19 6.69% Contender
Xylem Inc. Common Stock New (XYL) 9 1.34 13-Feb-19 14.29% Challenger
Simon Property Group, Inc. (SPG) 9 4.46 13-Feb-19 2.50% Challenger
Booz Allen Hamilton Holding Cor... (BAH) 7 1.73 13-Feb-19 21.05% Challenger
Chevron Corporation (CVX) 32 4 14-Feb-19 6.25% Champion
Enbridge Inc (ENB) 23 6.01 14-Feb-19 10.85% Contender
Applied Industrial Technologies (AIT) 10 2.16 14-Feb-19 3.33% Contender
Standard Motor Products, Inc. (SMP) 9 1.85 14-Feb-19 9.52% Challenger
First Defiance Financial Corp. (FDEF) 9 2.63 14-Feb-19 11.76% Challenger
Amgen Inc. (AMGN) 9 3.04 14-Feb-19 9.85% Challenger
Allete, Inc. (ALE) 8 3.1 14-Feb-19 4.82% Challenger
South State Corporation (SSB) 8 2.29 14-Feb-19 5.56% Challenger
Provident Financial Services, Inc (PFS) 8 3.34 14-Feb-19 9.50% Challenger
Neenah, Inc. (NP) 8 2.59 14-Feb-19 9.76% Challenger
Geo Group Inc (The) REIT (GEO) 7 8.24 14-Feb-19 2.13% Challenger
Alaska Air Group, Inc. (ALK) 7 2.16 15-Feb-19 9.38% Challenger

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.

Forward Yield: This is the new payout rate divided by the current share price.

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

Increase Percent: This is the amount by which the dividend is being increased.

Streak Category: This is the overall dividend history classification of the company.

Show Me The Money

Here's a table mapping the new rates versus the old rates. It also reiterates the increase percentage. This table is sorted the same way as the first table (ex-dividend day ascending, dividend streak descending).

Ticker Old Rate New Rate Increase Percent
ED 0.715 0.74 3.50%
MKTX 0.42 0.51 21.43%
VLO 0.8 0.9 12.50%
WEC 0.5525 0.59 6.69%
XYL 0.21 0.24 14.29%
SPG 2 2.05 2.50%
BAH 0.19 0.23 21.05%
CVX 1.12 1.19 6.25%
ENB 0.535 0.562 10.85%
AIT 0.3 0.31 3.33%
SMP 0.21 0.23 9.52%
FDEF 0.17 0.19 11.76%
AMGN 1.32 1.45 9.85%
ALE 0.56 0.587 4.82%
SSB 0.36 0.38 5.56%
PFS 0.21 0.23 9.50%
NP 0.41 0.45 9.76%
GEO 0.47 0.48 2.13%
ALK 0.32 0.35 9.38%

Additional Metrics

Here are some additional metrics related to these companies, including yearly pricing action and the P/E 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. They may provide a larger margin of safety and inflated yield.

Ticker Current Price 52-Week Low 52-Week High P/E Ratio % Off Low % Off High
ED 77.28 71.12 84.32 15.52 9% Off Low 8% Off High
MKTX 218.87 172.09 231.33 47.89 27% Off Low 5% Off High
VLO 85.92 68.81 126.98 11.78 25% Off Low 32% Off High
WEC 73.16 58.48 75.48 18.02 25% Off Low 3% Off High
XYL 71.54 60.65 82.44 32.67 18% Off Low 13% Off High
SPG 183.79 145.78 191.49 26.49 26% Off Low 4% Off High
BAH 53.29 35.23 53.4 18.67 51% Off Low 0% Off High
CVX 118.91 100.22 131.08 15.35 19% Off Low 9% Off High
ENB 37.42 28.82 37.69 49.97 30% Off Low 1% Off High
AIT 57.31 50.56 82.35 13.71 13% Off Low 30% Off High
SMP 49.74 42.5 56.54 36.83 17% Off Low 12% Off High
FDEF 28.95 22.78 35 12.8 27% Off Low 17% Off High
AMGN 190.72 163.31 210.19 15.13 17% Off Low 9% Off High
ALE 75.88 67.07 82.82 25.26 13% Off Low 8% Off High
SSB 66.24 56.55 93.25 13.59 17% Off Low 29% Off High
PFS 27.52 22.22 29.12 15.09 24% Off Low 5% Off High
NP 69.45 56.8 96.15 27.54 22% Off Low 28% Off High
GEO 23.29 18.43 28.06 19 26% Off Low 17% Off High
ALK 64.81 57.28 74.83 18.38 13% Off Low 13% 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 which is the current yield + five-year dividend growth rate.

Ticker Yield 1-Yr DG 3-Yr DG 5-Yr DG 10-Yr DG Chowder Rule
GEO 8.24 0.2 4 6.6 14.7
ENB 6.01 11.4 12.2 10.9 12.8 16.9
SPG 4.46 10.5 9.3 12.6 8.8 17.1
VLO 4.19 14.3 23.5 30.9 19.9 35.1
CVX 4 3.7 1.5 2.8 5.9 6.8
ED 3.83 3.6 3.2 3.1 2 6.9
PFS 3.34 5.1 8.1 7.9 6.4 11.2
WEC 3.23 6.3 8.2 8.9 15.1 12.1
ALE 3.1 4.7 3.5 3.3 2.7 6.4
AMGN 3.04 14.8 18.7 22.9 26
FDEF 2.63 28 18.2 26.2 2.1 28.8
NP 2.59 10.8 11 18.6 15.2 21.2
SSB 2.29 4.5 12.1 13.3 7.3 15.6
AIT 2.16 3.4 3.6 5.5 7.2 7.6
ALK 2.16 6.7 17 45 47.2
SMP 1.85 10.5 11.9 13.8 8.8 15.6
BAH 1.73 11.8 13.5 14.3 16
XYL 1.34 16.7 14.3 12.6 14
MKTX 0.93 27.3 28.1 26.4 27.3

Conclusion

I hope you are able to find this information valuable. Let me know if you want to see additional data points or what may help make this more useful.

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

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.