12 Upcoming Dividend Increases
Summary
- All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List.
- They have an average increase of 8.2% and a median of 4.6%.
- There are twelve increases for next week, up from nine last week.
- Looking for a portfolio of ideas like this one? Members of Wheel of Fortune get exclusive access to our model portfolio. Learn More »
This article series helps to keep investors informed of upcoming dividend increases. We put a spotlight on companies that can increase payouts year after year. For investors, this can be an opportunity to start or add to positions before an increased payout. In addition, dividend increase notifications can be essential for retirees who live on dividend checks.
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.
How It's Assembled
I created the information below 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.
Companies are required to have higher total dividends paid out each year. Therefore, a company may not raise its dividend in each calendar year, but the total annual dividend can still increase. Here's an example showing increasing total payments each year, but with the same dividend amount over eight consecutive quarters.
What Is The Ex-Dividend Date?
The "ex-dividend" date is the date you are no longer entitled to the dividend or distribution. You need to have made your purchase by the preceding business day. For example, if the date is a Tuesday, you need to have purchased (or already owned) shares by the market close on Monday. Be aware that for any stock going ex-dividend on a Monday (or Tuesday, if Monday is 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 | 0 |
| Contender | 6 |
| Challenger | 6 |
The Main List
Data has been sorted by the ex-dividend day (ascending) and then by the streak (descending):
| Name | Ticker | Streak | Forward Yield | Ex-Div Date | Increase Percent | Streak Category |
| American Water Works Company, Inc. | (AWK) | 14 | 1.57 | 10-May-21 | 9.64% | Contender |
| MetLife, Inc. | (MET) | 9 | 2.94 | 10-May-21 | 4.35% | Challenger |
| West Bancorporation | (WTBA) | 11 | 3.59 | 11-May-21 | 9.09% | Contender |
| Tetra Tech, Inc. | (TTEK) | 8 | 0.65 | 11-May-21 | 17.65% | Challenger |
| Lindsay Corporation | (LNN) | 19 | 0.8 | 13-May-21 | 3.13% | Contender |
| Cogent Communications Holdings, Inc. | (CCOI) | 10 | 4.02 | 13-May-21 | 3.31% | Contender |
| SB Financial Group, Inc. | (SBFG) | 9 | 2.44 | 13-May-21 | 4.76% | Challenger |
| Enviva Partners, LP Common units | (EVA) | 7 | 6.25 | 13-May-21 | 0.64% | Challenger |
| FirstCash, Inc. | (FCFS) | 6 | 1.68 | 13-May-21 | 11.11% | Challenger |
| SAP SE ADS | (SAP) | 6 | 0.9 | 13-May-21 | 26.97% | Challenger |
| Southern Company (THE) | (SO) | 21 | 4.03 | 14-May-21 | 3.13% | Contender |
| Southwest Gas Holdings, Inc. Common Stock (DE) | (SWX) | 15 | 3.44 | 14-May-21 | 4.39% | Contender |
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 before which you need to own the stock.
Increase Percent: The percent increase.
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 percentage increase. 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 |
| AWK | 0.55 | 0.603 | 9.64% |
| MET | 0.46 | 0.48 | 4.35% |
| WTBA | 0.22 | 0.24 | 9.09% |
| TTEK | 0.17 | 0.2 | 17.65% |
| LNN | 0.32 | 0.33 | 3.13% |
| CCOI | 0.73 | 0.78 | 3.31% |
| SBFG | 0.105 | 0.11 | 4.76% |
| EVA | 0.775 | 0.785 | 0.64% |
| FCFS | 0.27 | 0.3 | 11.11% |
| SAP | 1.7119 | 1.582 | 26.97% |
| SO | 0.64 | 0.66 | 3.13% |
| SWX | 0.57 | 0.595 | 4.39% |
Additional Metrics
Here are some different metrics related to these companies, including yearly pricing action and the P/E ratio. The table is sorted the same way as the table above. A value investor may find stock ideas with those companies near their 52-week lows as they could provide more margin of safety and inflated yield.
| Ticker | Current Price | 52 Week Low | 52 Week High | PE Ratio | % Off Low | % Off High |
| AWK | 153.07 | 111.33 | 171.98 | 41.19 | 37% Off Low | 11% Off High |
| MET | 65.41 | 28.21 | 64.81 | 7.81 | 132% Off Low | New High |
| WTBA | 26.74 | 14 | 26.78 | 10.29 | 91% Off Low | 0% Off High |
| TTEK | 124 | 64.63 | 144.77 | 37.84 | 92% Off Low | 14% Off High |
| LNN | 165.89 | 80.5 | 179.1 | 33.49 | 106% Off Low | 7% Off High |
| CCOI | 77.68 | 51.9 | 87.8 | 131.97 | 50% Off Low | 12% Off High |
| SBFG | 18.03 | 11.87 | 19.98 | 10.77 | 52% Off Low | 10% Off High |
| EVA | 50.27 | 28.07 | 53.94 | 139.5 | 79% Off Low | 7% Off High |
| FCFS | 71.3 | 50.7 | 76.25 | 21.55 | 41% Off Low | 6% Off High |
| SAP | 138.16 | 104.64 | 169.3 | 26.67 | 32% Off Low | 18% Off High |
| SO | 65.44 | 48.8 | 66.71 | 20.77 | 34% Off Low | 2% Off High |
| SWX | 69.25 | 56.47 | 76.41 | 16.36 | 23% Off Low | 9% Off High |
Tickers by Yield and Growth Rates
Some investors are more interested in the current yield, so this table is sorted descending by yield. The table also includes some of the historical dividend growth rates as a bonus. Additionally, the "Chowder Rule" has been included, the current yield + five-year dividend growth rate.
| Ticker | Yield | 1 Yr DG | 3 Yr DG | 5 Yr DG | 10 Yr DG | Chowder Rule |
| EVA | 6.25 | 10.7 | 8.4 | 32.7 | 39 | |
| SO | 4.03 | 3.3 | 3.4 | 3.4 | 3.5 | 7.4 |
| CCOI | 4.02 | 13.7 | 15.5 | 13.7 | 17.7 | |
| WTBA | 3.59 | 1.2 | 5.8 | 6.3 | 32.6 | 9.9 |
| SWX | 3.44 | 4.6 | 5.2 | 7.4 | 8.6 | 10.8 |
| MET | 2.94 | 4.6 | 4.4 | 4.3 | 10.7 | 7.3 |
| SBFG | 2.44 | 11.1 | 12.6 | 14.9 | 17.3 | |
| FCFS | 1.68 | 5.9 | 11.9 | |||
| AWK | 1.57 | 12.5 | 10.7 | 10.6 | 9.8 | 12.2 |
| SAP | 0.9 | 3.5 | 8.1 | 7.3 | 11.2 | 8.2 |
| LNN | 0.8 | 2.4 | 2.5 | 2.9 | 14.4 | 3.7 |
| TTEK | 0.65 | 15.8 | 19.2 | 16.3 | 17 |
Conclusion
As always, do your due diligence on any stock before buying or selling. Happy investing!
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This article was written by
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