14 Upcoming Dividend Increases

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Includes: AON, ATLO, ATR, DGICA, DGICB, EPD, FCBC, HAS, HBCP, PBCT, PSXP, SKT, WBS, WES
by: Dividend Derek
Summary

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

14 increases for next week (up from 3 last week).

An average increase of 5.9% with all three sporting at least a 10% increase.

This week will unfortunately not feature a "bonus" section as I'm traveling at Disney!

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 dividends 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 0
Champion 3
Contender 4
Challenger 7

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
Tanger Factory Outlet Centers, Inc. (SKT) 26 7.45 29-Apr-19 1.43% Champion
Enterprise Products Partners L.P. (EPD) 22 5.99 29-Apr-19 0.69% Contender
Phillips 66 Partners LP Common Units Representing Limited Partner Interest in the Partnership (PSXP) 7 6.59 29-Apr-19 1.20% Challenger
People's United Financial, Inc. (PBCT) 26 4.12 30-Apr-19 1.43% Champion
AptarGroup, Inc. (ATR) 25 1.24 30-Apr-19 5.88% Champion
Hasbro, Inc. (HAS) 16 2.63 30-Apr-19 7.94% Contender
Donegal Group, Inc. - Class A Common Stock (DGICA) 16 4.35 30-Apr-19 1.75% Contender
Donegal Group, Inc. - Class B Common Stock (DGICB) 16 4.37 30-Apr-19 2.00% Contender
Ames National Corporation (ATLO) 8 3.5 30-Apr-19 4.35% Challenger
Aon plc Class A Ordinary Shares (UK) (AON) 7 0.99 30-Apr-19 10.00% Challenger
Western Midstream Partners, LP Common Units Representing Limited Partner Interests (WES) 7 7.29 30-Apr-19 1.16% Challenger
First Community Bankshares, Inc. (FCBC) 7 2.89 2-May-19 19.05% Challenger
Webster Financial Corporation (WBS) 8 2.49 3-May-19 21.21% Challenger
Home Bancorp, Inc. (HBCP) 5 2.3 3-May-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 in 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
SKT 0.35 0.355 1.43%
EPD 0.4325 0.438 0.69%
PSXP 0.792 0.845 1.20%
PBCT 0.175 0.1775 1.43%
ATR 0.34 0.36 5.88%
HAS 0.63 0.68 7.94%
DGICA 0.1425 0.145 1.75%
DGICB 0.125 0.1275 2.00%
ATLO 0.23 0.24 4.35%
AON 0.4 0.44 10.00%
WES 0.965 0.61 1.16%
FCBC 0.21 0.25 19.05%
WBS 0.33 0.4 21.21%
HBCP 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
SKT 19.06 18.23 24.91 42.55 5% Off Low 23% Off High
EPD 29.21 23.33 30.05 15.36 25% Off Low 3% Off High
PSXP 50.68 40.76 55.02 12.82 24% Off Low 8% Off High
PBCT 17.23 13.66 19.37 13.35 26% Off Low 11% Off High
ATR 109.96 88.26 112.31 36.65 25% Off Low 2% Off High
HAS 103.27 76.84 109.6 60.31 34% Off Low 6% Off High
DGICA 13.34 12.42 15.08 0 7% Off Low 14% Off High
DGICB 11.66 11.52 14.94 0 8% Off Low 20% Off High
ATLO 27.45 24.51 32.15 15 12% Off Low 15% Off High
AON 178.31 134.82 180.1 42.04 32% Off Low 0% Off High
WES 33.04 30.59 53.44 19.58 28% Off Low 14% Off High
FCBC 35.1 27.06 36.48 15.94 30% Off Low 4% Off High
WBS 53.11 45.38 69.63 13.19 17% Off Low 24% Off High
HBCP 36.49 32.59 48.47 10.59 12% Off Low 25% 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
FCBC 8.55 14.7 13 10.2 -3.6 17.5
SKT 7.45 3 8.3 9.5 6.4 17
WES 7.29 13.7 17.9 41 48.2
PSXP 6.59 9.6 19.7 76.2 82.7
EPD 5.99 2.9 4.4 4.9 5.3 10.9
DGICB 4.37 2.1 2 1.8 3.4 6.2
DGICA 4.35 1.8 1.9 2.4 3.4 6.8
PBCT 4.12 1.5 1.7 1.5 1.8 5.6
ATLO 3.5 4.6 5.3 7.6 -2 11.1
HAS 2.63 10.8 10.8 9.5 12.5 12.2
WBS 2.49 21.4 12 17.8 0.4 20.3
HBCP 2.3 29.1 33.3
ATR 1.24 3.1 5 5.7 9 6.9
AON 0.99 10.6 10.7 18 10 19

Bonus Charts

Unfortunately, this week I won't be highlighting a particular company. I'm busy traveling at Disney with my family and want to highlight the importance of taking time to smell the roses.

Of course, this week there are quite a few names that sport a fat dividend yield across the REIT and MLP space. A couple are within earshot of their yearly lows, which is impressive given how red hot the overall market has been.

Dividends and dividend growth opportunities take shape every single week, but it's important to slow down from time to time and really cherish the time spent with loved ones. That's what I'm doing this week, so I'll return next week with a more full-fledged bonus section!

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 am/we are long SKT. 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.