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Dividend Increases: February 22-28, 2020 (Part 1)

Mar. 02, 2020 7:00 AM ETALB, BBY, CHS, DLR, ETN, HD, LIN, MGRC, NRIM, ORI, SLGN, SRE, SWX, TPL, TRI, TRI:CA14 Comments
FerdiS profile picture


  • This weekly article series covers dividend increase announcements.
  • A summary table provides relevant data and key statistics.
  • Part 1 covers the Dividend Champions and Dividend Contenders.
  • As a bonus, I include ex-dividend dates for the next two weeks.

I monitor dividend increases for stocks in the Dividend Champions List (CCC list).

The CCC list is separated into three categories based on how long companies have maintained their streak of annually increasing dividends: Champions (25+ years), Contenders (10-24 years), and Challengers (5-9 years).

This week, 37 companies in the CCC list announced dividend increases, including two of the stocks I hold in my portfolio. The following table covers the Dividend Champions and Dividend Contenders. Please see Part 2 of this article for coverage of the Dividend Challengers.

The table is sorted into sections for Champions, Contenders, and Challengers, and then by the percentage increase, %Incr. Dividends are annualized and in US$, unless otherwise indicated. Yield is the new dividend yield for the market close Price on the date listed. Yrs are years of consecutive dividend increases, while 5-yr DGR is the compound annual growth rate of the dividend over a 5-year period.

Some companies increase their dividends more than once a year, so the last column (1-yr %Incr) indicates the percentage increase from the year-ago dividend.

Summary of Dividend Increases: February 22-28, 2020

Previous Post: Dividend Increases: February 15-21, 2020

The following dividend increase data are sorted alphabetically by ticker.

Albemarle (ALB)

ALB is a major producer of specialty chemicals targeting customer needs across various end markets, including petroleum refinement, consumer electronics, plastics and packaging, construction, automotive, lubricants, pharmaceuticals, crop protection, food safety, and custom chemistry services. ALB was founded in 1993 and is headquartered in Baton Rouge, Louisiana.

  • On Feb 27, ALB declared a quarterly dividend of 38.5¢ per share.
  • This is an increase of 4.8% from the prior dividend of 36.75¢.
  • Payable Apr 1, to shareholders of record on Mar 13; ex-div: Mar 12.

Best Buy (BBY)

BBY is a retailer of

This article was written by

FerdiS profile picture
FerdiS invests in dividend growth stocks and writes options to boost dividend income. He manages DivGro, a portfolio of mainly dividend growth stocks created in January 2013. With investment and trading experience spanning nearly 20 years, FerdiS enjoys writing articles about dividend growth investing, options trading, stock selection, portfolio management, and passive income generation. His DivGro blog hosts more than 1,000 posts and a live, public spreadsheet with full details of his DivGro portfolio, allowing readers to follow along in his investment journey. FerdiS is collaborating with the founders of Portfolio Insight, an online platform for portfolio management and investment analysis. Together, we maintain and publish Dividend Radar, a free spreadsheet of dividend growth stocks, on a weekly basis.

Analyst’s Disclosure: I am/we are long DLR, HD. 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.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (14)

Nice Job!!

FerdiS profile picture
You're welcome, WilliamJGreene!
Love those raises ! Thanks./\
FerdiS profile picture
You're welcome, AlieGee -- it's good to get raises for sure!
buddyrow4 profile picture
FerdiS profile picture
Thanks for the update here FerdiS, TPL very interesting stock and that divy about to be paid out pretty incredible hope you have some.
FerdiS profile picture
I don't. TPL is quite interesting as it is a REIT-like stock without the REIT designation. I was surprised by the size of this raise, and TPL also declared a significantly higher special dividend.
Nate the Great profile picture
FerdiS - HD and DLR, same as you this time. I've looked at ALB and ORI in the past, but I'm not interested in either currently. Thanks, as always! Certainly appears to be time to take a step back and survey the damage.........
FerdiS profile picture
Congratulations! Great stocks, though I'm a little disappointed with $DLR's raise. I look for at least7%, so that one falls short of my expectations. All the best and happy investing!
Joeg69 profile picture
Curious as to how you got 15 years for TPL. Fastgraphs shows no dividend in 2013.
FerdiS profile picture
Hi, Joeg69 -- for Yrs (of consecutive higher payments), I use the CCC spreadsheet as my source.
RoseNose profile picture
Hi @FerdiS !
Pleased with the HD raise ! Focus on income and smile :)) Rose
FerdiS profile picture
Hi, @RoseNose -- thanks for your advice! I'm smiling as I just learned the FED cut interest rates by 0.5%. That's a big surprise, though a little troubling given the circumstances!
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