Stuff Your Face With These 29 Upcoming Dividend Increases Including 2 Kings

Nov. 26, 2021 4:27 PM ETAMNB, AY, BF.A, BF.B, CASS, CHDN, CPF, CRAI, DHI, DLB, HIG, HUBB, KEY, LANC, LMT, LZB, MCD, MVBF, NKE, NNI, O, PFG, POWI, SCL, SSNC, TNC, TSN, UBSI, UFPI8 Comments31 Likes
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Dividend Derek
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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 9.0% and a median increase of 7.1%. YTD, I've tracked 468 increases.
  • There are 29 increases for next week, up from five last week.
  • Dividend Kings Stepan Company and Lancaster Colony Corporation extend their streaks (53 and 59 years respectively).
  • Looking for a helping hand in the market? Members of Wheel of Fortune get exclusive ideas and guidance to navigate any climate. Learn More »

Stuffed Turkey for Thanksgiving Holidays

GMVozd/E+ via Getty Images

Dividend increases are an outward sign from management that business is going well, and the company can increasingly reward shareholders. I track upcoming dividend increases from companies that have a history of increasing them. I'm then able to provide the lists below. They contain different data points 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 I Created The Lists

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. 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 each calendar year, but the total annual dividend can still increase. An example shows increasing payments each year but with the same dividend amount over eight consecutive quarters.

Dividend increases example

Source: Author

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
Category Count
King 2
Champion 5
Contender 10
Challenger 12

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
Stepan Company (SCL) 53 1.1 29-Nov-21 9.84% King
Tennant Company (TNC) 49 1.19 29-Nov-21 8.70% Champion
Hubbell Inc (HUBB) 14 2.01 29-Nov-21 7.14% Contender
KeyCorp (KEY) 10 3.26 29-Nov-21 5.41% Contender
Power Integrations, Inc. (POWI) 9 0.57 29-Nov-21 15.38% Challenger
Central Pacific Financial Corp New (CPF) 8 3.51 29-Nov-21 4.17% Challenger
Dolby Laboratories (DLB) 6 1.15 29-Nov-21 13.64% Challenger
CRA International,Inc. (CRAI) 5 1.21 29-Nov-21 19.23% Challenger
Atlantica Sustainable Infrastructure plc - Ordinary... (AY) 5 4.41 29-Nov-21 1.16% Challenger
McDonald's Corporation (MCD) 46 2.15 30-Nov-21 6.98% Champion
Realty Income Corporation (O) 28 4.18 30-Nov-21 4.24% Champion
Lockheed Martin Corporation (LMT) 19 3.26 30-Nov-21 7.69% Contender
Principal Financial Group Inc (PFG) 13 3.46 30-Nov-21 1.59% Contender
Hartford Financial Services Group, Inc. (HIG) 11 2.15 30-Nov-21 10.00% Contender
Tyson Foods, Inc. (TSN) 10 2.21 30-Nov-21 3.37% Contender
UFP Industries, Inc. (UFPI) 9 0.88 30-Nov-21 33.33% Challenger
Nelnet, Inc. (NNI) 7 1.07 30-Nov-21 9.09% Challenger
SS&C Technologies Holdings, Inc. (SSNC) 5 1 30-Nov-21 25.00% Challenger
MVB Financial Corp. (MVBF) 5 1.42 30-Nov-21 7.14% Challenger
United Bankshares, Inc. (UBSI) 46 3.71 1-Dec-21 2.86% Champion
La-Z-Boy Incorporated (LZB) 8 1.85 1-Dec-21 10.00% Challenger
Brown Forman Inc Class B (BF.B) 37 1.05 2-Dec-21 5.59% Champion
Brown Forman Inc Class A (BF.A) 22 1.09 2-Dec-21 5.59% Contender
Cass Information Systems, Inc (CASS) 19 2.51 2-Dec-21 3.70% Contender
Churchill Downs, Incorporated (CHDN) 10 0.28 2-Dec-21 7.23% Contender
American National Bankshares, Inc. (AMNB) 6 2.9 2-Dec-21 3.70% Challenger
Lancaster Colony Corporation (LANC) 59 1.97 3-Dec-21 6.67% King
Nike, Inc. (NKE) 20 0.71 3-Dec-21 10.91% Contender
D.R. Horton, Inc. (DHI) 8 0.89 3-Dec-21 12.50% Challenger

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
SCL 0.305 0.335 9.84%
TNC 0.23 0.25 8.70%
HUBB 0.98 1.05 7.14%
KEY 0.185 0.195 5.41%
POWI 0.13 0.15 15.38%
CPF 0.24 0.25 4.17%
DLB 0.22 0.25 13.64%
AY 0.43 0.435 1.16%
CRAI 0.26 0.31 19.23%
MCD 1.29 1.38 6.98%
O 0.236 0.246 4.24%
LMT 2.6 2.8 7.69%
PFG 0.63 0.64 1.59%
HIG 0.35 0.385 10.00%
TSN 0.445 0.46 3.37%
UFPI 0.15 0.2 33.33%
NNI 0.22 0.24 9.09%
SSNC 0.16 0.2 25.00%
MVBF 0.14 0.15 7.14%
UBSI 0.35 0.36 2.86%
LZB 0.15 0.165 10.00%
BF.B 0.179 0.189 5.59%
BF.A 0.179 0.189 5.59%
CASS 0.27 0.28 3.70%
CHDN 0.622 0.667 7.23%
AMNB 0.27 0.28 3.70%
LANC 0.75 0.8 6.67%
NKE 0.275 0.305 10.91%
DHI 0.2 0.225 12.50%

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
SCL 121.82 109.08 138.62 25.18 12% Off Low 12% Off High
TNC 84.25 65.91 86.89 30.59 28% Off Low 3% Off High
HUBB 208.51 146.79 212.54 22.9 42% Off Low 2% Off High
KEY 23.96 14.86 24.57 13.82 61% Off Low 2% Off High
POWI 104.89 68.83 110.66 21.08 52% Off Low 5% Off High
CPF 28.52 15.9 29.15 12.51 79% Off Low 2% Off High
DLB 86.79 85.24 104.26 40.56 2% Off Low 17% Off High
CRAI 102.68 44.83 116.71 16.2 129% Off Low 12% Off High
AY 39.49 30.89 46.85 55.21 28% Off Low 16% Off High
MCD 257.09 199.66 257.53 31.88 29% Off Low 0% Off High
O 70.64 55.03 74.35 50.39 28% Off Low 5% Off High
LMT 343.55 312.98 392.88 15.61 10% Off Low 13% Off High
PFG 73.93 45.5 73.79 11.49 62% Off Low New High
HIG 71.52 43.17 78.17 9.53 66% Off Low 9% Off High
TSN 83.25 61.36 85.61 11.49 36% Off Low 3% Off High
UFPI 91.15 51.78 92.1 14.94 76% Off Low 1% Off High
NNI 89.62 66.55 88.87 17.35 35% Off Low New High
SSNC 79.91 62.1 80.55 33.97 29% Off Low 1% Off High
MVBF 42.25 19.82 45.65 8.21 113% Off Low 7% Off High
UBSI 38.85 28 41.69 13.66 39% Off Low 7% Off High
LZB 35.65 31.92 46.37 23.26 12% Off Low 23% Off High
BF.B 74.62 66.25 81.46 41.84 13% Off Low 8% Off High
BF.A 69.5 62.59 82.37 36.73 11% Off Low 16% Off High
CASS 44.66 36.99 47.97 24.93 21% Off Low 7% Off High
CHDN 235.87 174.53 262.2 0 35% Off Low 10% Off High
AMNB 38.66 25.11 40.34 11 54% Off Low 4% Off High
LANC 162.1 155.11 200.45 35.87 5% Off Low 19% Off High
NKE 172.03 124.98 179.1 82.77 38% Off Low 4% Off High
DHI 101.07 64.06 106.66 11.51 58% Off Low 5% Off High

Tickers By Yield And Growth Rates

Some investors are more interested in the current yield, so this table is sorted by 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
BF.A 3.5 4.8 6 7.8
BF.B 3.5 4.8 6 7.8
AY 4.41 30.1 21.6 20.6 25
O 4.18 2 2.8 3.8 5 8
UBSI 3.71 0.7 1.2 1.3 1.6 5
CPF 3.51 1.1 7 11.5 15
PFG 3.46 3.2 4.8 8.4 15.3 11.9
LMT 3.26 8.5 9.3 9.6 13.5 12.8
KEY 3.26 0 20.3 19 28.6 22.3
AMNB 2.9 0 3 2.6 1.6 5.5
CASS 2.51 0.9 11 10.4 10.8 12.9
TSN 2.21 7.3 16 26.1 27.1 28.3
HIG 2.15 8 11.3 10 16.2 12.1
MCD 2.15 4.3 8.9 7.8 8 10
HUBB 2.01 7.9 8.6 9.5 10 11.5
LANC 1.97 7.3 7.9 8.5 8.6 10.5
LZB 1.85 24.4 2.8 6.1 7.9
MVBF 1.42 33.3 58.8 38 24.3 39.4
CRAI 1.21 13.5 15.8
TNC 1.19 3.4 2.7 2.6 3.4 3.8
DLB 1.15 3.5 12.4 13.9 15.1
SCL 1.1 10.7 10.6 9.7 8.9 10.8
NNI 1.07 10.3 11.5 13.3 10.8 14.4
SSNC 1 26.3 28.9 19.1 20.1
DHI 0.89 14.8 17.7 20.7 17.9 21.6
UFPI 0.88 22.2 16.3 14.5 15.2 15.4
NKE 0.71 12.1 11.1 11.5 13.6 12.2
POWI 0.57 26.3 17 13.9 17 14.5
CHDN 0.28 7.1 7.1 10.2 14.1 10.5

Conclusion

The Thanksgiving feast keeps on rolling with 29 more dividend increases coming next week. We have two dividend kings with Stepan Company and Lancaster Colony Corporation. Additionally, large, popular companies such as McDonald's, Nike, and Realty Income are all increasing.

Please be sure to do your due diligence before investing. Thanks for reading.

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This article was written by

Dividend Derek profile picture
22.26K Followers
Derek is an individual investor seeking to navigate the investment world to provide a wealthy and stable retirement for his family. 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.Derek created and operates customstockalerts.com. It's a suite of utilities for investors to stay on top of all their stocks. Pick a company you're interested in, pick an alert type (price, dividend yield, PE, etc.) and a value. You'll get a text or email (your choice) when your value hits. Also, get alerts for upcoming dividends, including increases (works for stocks and ETFs). Use it as a chance to buy and collect the dividend!Come check me out at customstockalerts.com!
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Disclosure: I/we have a beneficial long position in the shares of NKE, O either through stock ownership, options, or other derivatives. 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.

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