This article was co-produced with James Marino Sr. of Portfolio Insight.
We monitor dividend increases for stocks using [Dividend Radar], a weekly automatically generated spreadsheet listing stocks with dividend streaks of five years or more. The Dividend Radar spreadsheet separates stocks into categories based on the length of the streak: Champions (25+ years), Contenders (10- 24 years), and Challengers (5-9 years).
In the past week, six companies in Dividend Radar declared dividend increases. There were no dividend cuts or suspensions.
The following table provides a summary of the increases.
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 DGR) indicates the percentage increase from the year-ago dividend.
Summary of Dividend Increases: August 8-14, 2020 |
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Source: Created by the authors from data in Dividend Radar.
The following dividend increase data are sorted alphabetically by ticker.
Company descriptions are the author's summary of company descriptions sourced from Finviz.
Broadridge Financial Solutions, Inc. (BR)
BR provides investor communications and technology-driven solutions for the financial services industry in the United States, Canada, the United Kingdom, and internationally. Customers include banks, broker-dealers, mutual funds, and corporate issuers globally. BR was founded in 1962 and is headquartered in Lake Success, New York.
- On Aug. 10, BR declared a quarterly dividend of 57.5¢ per share.
- This is an increase of 6.48% from the prior dividend of
