20 Dividend Increases To Finish 2021

Dec. 23, 2021 9:01 PM ETANDE, ARE, BCPC, BEN, CUBE, EGP, ENSG, FCPT, HIFS, KW, LECO, MGP, NHC, NUE, SYK, TFII, TTC, WASH, WPC, YORW3 Comments21 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 5.4%. I've tracked 524 increases in 2021.
  • There are twenty increases for next week, up from four last week.
  • This is the final edition for 2021; Happy Holidays to you all, and I look forward to writing more in 2022.
  • Looking for more investing ideas like this one? Get them exclusively at Wheel of Fortune. Learn More »

2022 wooden numbers with coins on the table

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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 with a history of increasing them. The lists below contain different data points for the stocks 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 over eight consecutive quarters.

Dividend increases example

Source: Author

What Is The Ex-Dividend Date?

The "ex-dividend" date is when 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 use them throughout the piece.

  • King: 50+ years
  • Champion/Aristocrat: 25+ years
  • Contender: 10-24 years
  • Challenger: 5+ years
Category Count
King 0
Champion 4
Contender 12
Challenger 4

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
Toro Company (TTC) 18 1.22 27-Dec-21 14.50% Contender
Balchem Corporation (BCPC) 11 0.39 27-Dec-21 10.34% Contender
Nucor Corporation (NUE) 48 1.76 30-Dec-21 23.46% Champion
Franklin Resources, Inc. (BEN) 41 3.53 30-Dec-21 3.57% Champion
Stryker Corporation (SYK) 28 1.05 30-Dec-21 10.32% Champion
Lincoln Electric Holdings, Inc. - Common Shares (LECO) 26 1.65 30-Dec-21 9.80% Champion
The York Water Company (YORW) 24 1.6 30-Dec-21 4.28% Contender
W. P. Carey Inc. REIT (WPC) 24 5.24 30-Dec-21 0.29% Contender
National HealthCare Corporation (NHC) 17 3.28 30-Dec-21 5.77% Contender
The Ensign Group, Inc. (ENSG) 14 0.27 30-Dec-21 3.77% Contender
Alexandria Real Estate Equities, Inc. (ARE) 11 2.1 30-Dec-21 2.68% Contender
EastGroup Properties, Inc. (EGP) 10 2.03 30-Dec-21 22.22% Contender
Kennedy-Wilson Holdings Inc. (KW) 9 4.11 30-Dec-21 9.09% Challenger
TFI International Inc. Common Shares (TFII) 6 1.01 30-Dec-21 17.39% Challenger
MGM Growth Properties LLC Class A common shares rep... (MGP) 5 5.35 30-Dec-21 0.96% Challenger
The Andersons, Inc. (ANDE) 24 1.9 31-Dec-21 2.86% Contender
Hingham Institution for Savings (HIFS) 13 0.56 31-Dec-21 3.80% Contender
CubeSmart Common Shares (CUBE) 12 3.05 31-Dec-21 26.47% Contender
Washington Trust Bancorp, Inc. (WASH) 11 3.85 31-Dec-21 3.85% Contender
Four Corners Property Trust, Inc. (FCPT) 6 4.63 31-Dec-21 5.05% Challenger

Field Definitions

Streak: This is years of dividend growth history sourced from the U.S. Dividend Champions spreadsheet.

Forward Yield: The new payout rate is 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
TTC 0.262 0.3 14.50%
BCPC 0.58 0.64 10.34%
NUE 0.405 0.5 23.46%
BEN 0.28 0.29 3.57%
SYK 0.63 0.695 10.32%
LECO 0.51 0.56 9.80%
WPC 1.052 1.055 0.29%
YORW 0.187 0.195 4.28%
NHC 0.52 0.55 5.77%
ENSG 0.053 0.055 3.77%
ARE 1.12 1.15 2.68%
EGP 0.9 1.1 22.22%
KW 0.22 0.24 9.09%
TFII 0.23 0.27 17.39%
MGP 0.52 0.525 0.96%
ANDE 0.175 0.18 2.86%
HIFS 0.53 0.55 3.80%
CUBE 0.34 0.43 26.47%
WASH 0.52 0.54 3.85%
FCPT 0.317 0.333 5.05%

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
TTC 98.01 92.01 117.52 32.72 7% Off Low 17% Off High
BCPC 164.9 106.29 174.29 41.24 55% Off Low 5% Off High
NUE 113.66 47.3 128.3 39.74 140% Off Low 11% Off High
BEN 32.86 21.06 38.27 14.81 56% Off Low 14% Off High
SYK 264.06 219.27 280.5 51.28 20% Off Low 6% Off High
LECO 135.59 109.21 148.54 34.45 24% Off Low 9% Off High
WPC 80.53 63 81.21 26.9 28% Off Low 1% Off High
YORW 48.88 40.36 53.54 37.27 21% Off Low 9% Off High
NHC 67.17 61.22 78.02 37.14 10% Off Low 14% Off High
ENSG 82.31 68.29 98.48 25.55 21% Off Low 16% Off High
ARE 219.13 151.55 219.57 39.54 45% Off Low 0% Off High
EGP 216.65 129.25 220.42 43.25 68% Off Low 2% Off High
KW 23.37 16.39 24.02 29.81 43% Off Low 3% Off High
TFII 106.47 49.78 120.5 18.18 114% Off Low 12% Off High
MGP 39.26 28.66 42.61 66.78 37% Off Low 8% Off High
ANDE 37.97 22.06 38.75 0 72% Off Low 2% Off High
HIFS 393.36 209.06 406.18 10.98 88% Off Low 3% Off High
CUBE 56.41 30.72 57.29 39.74 84% Off Low 2% Off High
WASH 56.17 41.19 58.73 11.34 36% Off Low 4% Off High
FCPT 28.73 24.93 30.1 26.97 15% 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 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
MGP 5.35 4.3 6 49.8 55.2
WPC 5.24 0.8 1.1 1.6 7.3 6.9
FCPT 4.63 4.6 5.6 12.9 17.6
KW 4.11 1.2 6 11.1 36.2 15.3
WASH 3.85 1.5 8.1 8.1 9.2 12
BEN 3.53 72.5 15.8 14.9 15.6 18.4
NHC 3.28 0 2.4 4.8 6.2 8.1
CUBE 3.05 3.1 4.9 11.3 21.7 14.4
ARE 2.1 5.8 6.7 6.8 9.9 8.9
EGP 2.03 5.3 7.3 5.7 4.3 7.7
ANDE 1.9 34.6 2.2 3 9.6 4.9
NUE 1.76 0.6 2.2 1.6 1.1 3.4
LECO 1.65 4.1 10 10.1 12.8 11.8
YORW 1.6 4 4 3.8 3.6 5.4
TTC 1.22 6.4 10.2 12.5 18.2 13.7
SYK 1.05 9.8 10.3 10.7 13.6 11.8
TFII 1.01 16.9 11.2 11.6 12.6
HIFS 0.56 13.6 11.2 9.3 6.8 9.9
BCPC 0.39 11.5 11.4 11.3 14.5 11.7
ENSG 0.27 5.1 5.4 5.7 6.8 6

Conclusion

2021 is finishing strong with another twenty dividend increases. It's been a joy providing this information for you week in and out. I'm optimistic about 2022, and I hope you have a safe and happy holiday season.

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

This article was written by

Dividend Derek profile picture
22.27K 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 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.

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