3 Upcoming Dividend Increases During The Dividend Drought

Jul. 23, 2020 10:04 AM ETWSFS, CLX, NNN3 Comments
Dividend Derek
23.37K Followers

Summary

  • All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List.
  • Three increases for next week (up from zero last week).
  • An average increase of 3.18% and a median increase of 3.85%.
  • Many companies have deferred dividend increases but these three have not.

This article series is designed to keep investors informed of upcoming dividend increases. Any company can increase a dividend, but these companies have a history of annual increases. For dividend growth investors, this can be an opportunity to start or add to positions prior to a new increased payout. This can be especially important for retirees who live on dividend checks.

Please perform due diligence before making any investment decision, especially during COVID-19. If you haven't noticed - dividend increases have dried up this year! It's been several weeks since I had an article because companies have been deferring their increases. I went back to this time last year to review who might be raising and checked their recent dividend announcements and a common theme is keeping them the same. With the ways the rules work for both the U.S. "CCC" list and more formal lists such as the Dividend Aristocrats, companies need to increase them during the year but it doesn't necessarily need to be on a perfect cadence of every four quarters.

The lists I've compiled provide various stats for the stocks that are increasing their dividends next week.

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 Champions" 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.

As a point of clarification, companies are included that may not raise their dividend every calendar year, but the total

This article was written by

23.37K Followers
Derek is an individual investor seeking to navigate the investment world to provide his family a wealthy and stable retirement. He aims to help fellow investors, notably younger investors, establish a plan to produce a growing income stream. Derek holds a Bachelor's degree in Computer Science with a minor in Economics from the University of Delaware and lives with his wife and two children.

Analyst’s 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.

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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