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Dividend Increases: April 25-May 1, 2020

May 04, 2020 9:00 AM ETAAPL, AWK, EVA, FFIN, IBM, LBAI, MET, TTEK36 Comments
FerdiS profile picture


  • In this article series, I provide a weekly summary of dividend increases.
  • A summary table provides relevant data and key statistics.
  • As a bonus, I include ex-dividend dates for the next two weeks.
  • Following requests from readers, I've added a section covering COVID-19-related dividend cuts and suspensions.

Dividend Increases

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 past week, eight companies in the CCC list announced dividend increases, including two of the stocks I own. The table below presents a summary.

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 five-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: April 25-May 1, 2020

Previous Post: Dividend Increases: April 18-24, 2020

The following dividend increase data are sorted alphabetically by ticker.

Apple (AAPL)

Headquartered in Cupertino, California, AAPL designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players. The company also sells a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. AAPL was founded in 1977.

  • On Apr 30, AAPL declared a quarterly dividend of 82¢ per share.
  • This is an increase of 6.5% from the prior dividend of 77¢.
  • Payable May 14, to shareholders of record on May 11; ex-div: May 8.

American Water Works (AWK)

AWK is the largest publicly-traded water and wastewater utility company in the United States. Through its subsidiaries, the company provides water and wastewater services in

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 AAPL, IBM. 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 (36)

Yields4Travel profile picture
Thank you @FerdiS for complying all this information to benefit investors who just click on the link to gain all this useful, non judgmental information at no cost to them. People who post should also be non judgmental with their comments such as name calling. Childish.
FerdiS profile picture
I appreciate your comment, Yields4Travel -- I agree with your opinion about commenting. I try my best to be positive when commenting and avoid politics. Critique is important and adds value, but even that can be done in a positive rather than a negative way.
Joel Irwin profile picture
nice update
FerdiS profile picture
Thanks, Joel Irwin!
c0nst profile picture
Thank you Ferdi.
BTW, Disney suspended dividends for H1.
FerdiS profile picture
Yes -- I learned so yesterday. We'll see how it goes!

I find it very useful to quickly scan raises and cuts.
FerdiS profile picture
You're welcome, the list is expanding at quite a pace!
Joel O profile picture
Thanks for the updates!
FerdiS profile picture
You're welcome, Joel O!
Thanks for the update here FerdiS, tough seeing all the divy cuts and suspension but here is the Worley’s an investor must face now.
FerdiS profile picture
Indeed... and I think there's many more to come! The latest CCC list is down to 810. We'll see where it ends up going!
Yes, how idiotic was the decision to shot down the economy. Glad, it is coming up.
Joel O profile picture
Are you that stupid? It was done for a reason. And its shut down not shot down
FerdiS profile picture
@MLian -- I live in California, one of the states that ordered shelter-in-place early. I'm positive things would have been much worse otherwise.
FerdiS profile picture
Joel O, perhaps MLian means they shut down things, which shot down the economy. I don't think "it" is coming up again, soon. There is lots of fallout still to come!
Nate the Great profile picture
FerdiS - IBM and AAPL for me; small but helpful. My cuts haven't been too painful, but it's not over yet, it appears!
FerdiS profile picture
Yup -- I'll take any increase I can get. No cuts for me yet, but one suspension so far. I'm sure we're not done yet!
c0nst profile picture
@FerdiS, which one of your positions suspended dividends?
FerdiS profile picture
@c0nst -- actually, two now: $TJX and $DIS
Thanks for the updates, very helpful as we are trying to navigate through these challenging times!
FerdiS profile picture
Challenging times, indeed! I'm glad you find the updates helpful, maxlea -- take care and hang in there!
Thanks for the update - If the economy doesn't pick up soon you'll have to change the
title of your articles to dividend cuts and suspensions. Anyway, thanks for adding...It
is good to know.
FerdiS profile picture
Cuts and suspensions will be bad for such an article series. Eventually, they'll all be gone and the series will seize too exist!
unclephool profile picture
Thanks @FerdiS We appreciate your willingness to put this together.
I am always happy when members of my portfolio show up on your first list in the article (AAPL this week), and not on your second (none this week).
FerdiS profile picture
You're welcome, unclephool -- I hope it continues to be of value to you and my other readers. $AAPL seems to be doing OK. Raises are what dividend growth investing is about! Take care and happy going!
buddyrow4 profile picture
FerdiS profile picture
DigDugRVA profile picture
Appreciate the addition of the cuts/suspensions section. It’s a good reminder to us all about where our money may be “safest” in the coming months. 

That list is riddled with hospitality, restaurant, air and oil/gas companies. I’ve been very lucky not to have been tied up in those spaces prior to this.
Joel O profile picture
You going all cash?
DigDugRVA profile picture
No, I’ve never been one to come completely out of the market. I stay with a mixed group of about 25 stocks in brokerage accounts. Mutual funds are the only option I have for my 401k and then I’ve done some ETF/CEF investing blended with individual names in a Roth IRA.
FerdiS profile picture
You're welcome, DigDugRVA -- I don't like it that such a section is necessary at all. Hopefully, things will somewhat normalize soon. At least so we can all work hard to get the economy working again.
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