12 Upcoming Dividend Increases, Including A Dividend King

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Includes: BBY, CINF, HRC, KSS, LMAT, LVS, MAIN, PLOW, QTS, SNV, SRE, USPH
by: Dividend Derek
Summary

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

12 increases for next week (versus 42 last week).

An average increase of 9.5% and 4 have at least a 10% increase.

Dividend King Cincinnati Financial is raising for their 59th consecutive year.

Introduction

I'm a huge fan of dividend growth stocks and hope you are too. If you do, you are in the right place! I've compiled 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 always 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 1
Champion 0
Contender 3
Challenger 8

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
Douglas Dynamics, Inc. (PLOW) 10 2.83 18-Mar-19 3.02% Contender
Cincinnati Financial Corporation (CINF) 59 2.63 19-Mar-19 5.66% King
Best Buy Co., Inc. (BBY) 15 2.93 19-Mar-19 11.11% Contender
Kohl's Corporation (KSS) 8 3.91 19-Mar-19 9.84% Challenger
U.S. Physical Therapy, Inc. (USPH) 8 0.97 19-Mar-19 17.39% Challenger
Las Vegas Sands Corp. (LVS) 8 5.19 19-Mar-19 2.67% Challenger
Main Street Capital Corporation (MAIN) 8 6.33 19-Mar-19 2.56% Challenger
QTS Realty Trust, Inc. Class A (QTS) 6 4.08 19-Mar-19 7.32% Challenger
Synovus Financial Corp. (SNV) 5 3.08 20-Mar-19 20.00% Challenger
Sempra Energy (SRE) 16 3.11 21-Mar-19 8.04% Contender
LeMaitre Vascular, Inc. (LMAT) 9 0.91 21-Mar-19 21.43% Challenger
Hill-Rom Holdings Inc (HRC) 8 0.8 21-Mar-19 5.00% Challenger

Field Definitions

Streak: This is years of dividend growth history sourced from the U.S. Dividend Champions spreadsheet.

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
PLOW 0.265 0.273 3.02%
CINF 0.53 0.56 5.66%
BBY 0.45 0.5 11.11%
KSS 0.61 0.67 9.84%
USPH 0.23 0.27 17.39%
LVS 0.75 0.77 2.67%
MAIN 0.195 0.2 2.56%
QTS 0.41 0.44 7.32%
SNV 0.25 0.3 20.00%
SRE 0.895 0.967 8.04%
LMAT 0.07 0.085 21.43%
HRC 0.2 0.21 5.00%

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 PE Ratio % Off Low % Off High
PLOW 38.55 33.54 49.5 20.2 15% Off Low 22% Off High
CINF 85.04 66.33 87.46 49.38 28% Off Low 3% Off High
BBY 68.37 47.72 84.37 13 43% Off Low 19% Off High
KSS 68.6 57.89 83.28 14.13 19% Off Low 18% Off High
USPH 111.4 79.4 129.65 65.33 40% Off Low 14% Off High
LVS 59.35 47.39 81.45 19.45 25% Off Low 27% Off High
MAIN 37.9 31.95 40.47 13.5 19% Off Low 6% Off High
QTS 43.14 33.47 46.69 0 29% Off Low 8% Off High
SNV 38.9 29.93 57.4 11.24 30% Off Low 32% Off High
SRE 124.34 100.49 127.22 38.22 24% Off Low 2% Off High
LMAT 30.65 21.79 41.28 27.12 41% Off Low 26% Off High
HRC 104.43 81.82 108.1 34.28 28% Off Low 3% 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. I swapped back in the old rates from the CCC list as I work out some kinks with my own calculated rates.

Ticker Yield 1 Yr DG 3 Yr DG 5 Yr DG 10 Yr DG Chowder Rule
MAIN 6.33 2.7 3 4.3 4.9 10.7
LVS 5.19 2.7 4.9 16.5 21.7
QTS 4.08 5.9 10.2
KSS 3.91 10.9 10.7 11.8 15.6
SRE 3.11 8.8 8.3 7.1 10.2 10.2
SNV 3.08 57.9 31 86.4 -4.2 89.5
BBY 2.93 32.4 25.1 21.5 13 24.4
PLOW 2.83 10.4 6 4.9 7.7
CINF 2.63 5.6 4.7 4.9 3.2 7.5
USPH 0.97 19.5 15.3 18.1 19.1
LMAT 0.91 33.3 20.5 19.5 20.4
HRC 0.8 11.1 7.7 8.3 5.7 9.1

Bonus Charts

Dividend King Cincinnati Financial is the highlight this week.Coca-Cola gets the spotlight this week. They offer insurance products through their different business segments. With the premiums they maintain a portfolio of investments.

Shares are perennially expensive. That's the price you pay for owning a company that raises its dividend year in and out. Shares are trading over 25x adjusted earnings right now and given the muted earnings growth expected this year, look to be rather overvalued.

(Source)

From SimplySafeDividends, the company scores in the 69th percentile for safety with both growth and yield only beating about 40% of other companies.

Running a stock return calculation between CINF and the S&P (SPY) since March of 2010, Cincinnati Financial has bested the S&P by about 4.5% per year. That difference has resulted in 130% difference in total investing returns and more than double the dividends received.

The blue trendline, representing CINF, was virtually better than the S&P the entire time since 2010. This was also coming out of the recession after shares fell over 50%.

(Courtesy: Stock Return Calculator)

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. Happy investing!

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.