11 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 11.9% and a median increase of 5.4%. YTD, I've tracked 479 increases.
• There are 11 increases for next week, down from 29 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 »

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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. The lists below 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.

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	0
Champion	3
Contender	3
Challenger	5

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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
Vishay Intertechnology, Inc.	(VSH)	5	1.95	6-Dec-21	5.26%	Challenger
HP Inc.	(HPQ)	12	2.74	7-Dec-21	28.87%	Contender
MDU Resources Group, Inc. Common Stock (Holding Com...	(MDU)	30	3.17	8-Dec-21	2.35%	Champion
Triton International Limited Common Shares	(TRTN)	5	4.7	8-Dec-21	14.04%	Challenger
Becton, Dickinson and Company	(BDX)	49	1.44	9-Dec-21	4.82%	Champion
Automatic Data Processing, Inc.	(ADP)	46	1.84	9-Dec-21	11.83%	Champion
South Jersey Industries, Inc.	(SJI)	22	5.27	9-Dec-21	2.31%	Contender
Spire Inc.	(SR)	18	4.6	9-Dec-21	5.38%	Contender
United Bancorp, Inc.	(UBCP)	8	3.87	9-Dec-21	1.35%	Challenger
Canadian Natural Resources Limited	(CNQ)	6	5.88	9-Dec-21	27.08%	Challenger
Farmers National Banc Corp.	(FMNB)	5	3.16	9-Dec-21	27.27%	Challenger

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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
VSH	0.095	0.1	5.26%
HPQ	0.194	0.25	28.87%
MDU	0.213	0.218	2.35%
TRTN	0.57	0.65	14.04%
BDX	0.83	0.87	4.82%
ADP	0.93	1.04	11.83%
SJI	0.303	0.31	2.31%
SR	0.65	0.685	5.38%
UBCP	0.148	0.15	1.35%
CNQ	0.373	0.474	27.08%
FMNB	0.11	0.14	27.27%

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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
VSH	20.49	18.83	26.27	29.36	9% Off Low	22% Off High
HPQ	36.44	21.79	38.38	11.84	67% Off Low	5% Off High
MDU	27.41	23.81	34.56	13.39	15% Off Low	21% Off High
TRTN	55.27	42.28	63.88	13.28	31% Off Low	13% Off High
BDX	241.81	231.46	264.69	87.06	4% Off Low	9% Off High
ADP	226.7	157.04	241.18	30.3	44% Off Low	6% Off High
SJI	23.51	19.8	28.26	16.4	19% Off Low	17% Off High
SR	59.6	57.66	76.5	44.9	3% Off Low	22% Off High
UBCP	15.49	12	16.66	9.96	29% Off Low	7% Off High
CNQ	39.94	21.67	44.33	0	84% Off Low	10% Off High
FMNB	17.7	12.47	18.99	9.52	42% Off Low	7% Off High

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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
CNQ	5.88	20.4	14	5.3	15.6	11.1
SJI	5.27	2.6	2.6	2.9	5.4	8.2
TRTN	4.7	7.2	6.1
SR	4.6	4.6	5.2	5.9	4.8	10.5
UBCP	3.87	1.8	4.6	8	0.2	11.9
MDU	3.17	2.4	2.5	2.6	2.7	5.8
FMNB	3.16	4.8	19.2	25.7	13.9	28.9
HPQ	2.74	10	11.2	6.7	7.7	9.5
VSH	1.95	0	10.4	9.2		11.2
ADP	1.84	5.1	13.7	12.2	10.1	14
BDX	1.44	4.5	3.3	4.9	7.5	6.4

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Conclusion

As we enter into December, we are down to the last few weeks that companies can announce increases for this year. Last week we had an enormous Thanksgiving leftover feast with 29 companies increasing their dividends. This week we have 11, which is still a nice-sized list. BDX and ADP are closing in on becoming Dividend Kings; BDX should join next year, while ADP should join in 2025.

Many of these names look attractively priced by being 10-25% off their 52-week highs.

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

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such 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.

Comments

[Juan M Gonzalez]

ZIM is a true dividend champion.

Current yield 27% with a relatively low payout. Huge cash flows and record profitability.

Cheers

[PA1975]

I only have HPQ and love the raise

[RoseNose]

I only have Triton (TRTN) love the 14% raise.

[Hukis DGI]

Where is Stryker (SYK)?

[Rjkhk_1960]

Thank you

[Merit1]

Nicely done - if fact, thanks for an excellent array of data - appreciate the effort.

[keltus 1952]

WEC just raised today from .6775 up to .7275 quarterly. An increase of over 7%. Am holding......Kel