11 Upcoming Dividend Increases

Jan. 28, 2022 4:22 AM ETAES, ALLY, BANR, CBAN, DKL, FAST, FCCO, GHC, IBCP, JBHT, LW2 Comments14 Likes
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Dividend Derek


  • 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 9.5% and a median increase of 5.3%. I've tracked 37 increases in 2022.
  • There are eleven increases for next week, up from four last week.
  • Looking for more investing ideas like this one? Get them exclusively at Wheel of Fortune. Learn More »

Abstract Business Trends Graphs and charts 2022

Vertigo3d/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 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

Dividend growth sample over multiple years

Dividend Derek

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 0
Contender 2
Challenger 9

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
The AES Corporation (AES) 9 2.81 31-Jan-22 5.33% Challenger
Delek Logistics Partners, L.P. Common Units (DKL) 9 8.9 31-Jan-22 1.06% Challenger
First Community Corporation (FCCO) 8 2.49 31-Jan-22 8.33% Challenger
Ally Financial Inc. (ALLY) 5 2.49 31-Jan-22 20.00% Challenger
Fastenal Company (FAST) 22 2.24 1-Feb-22 10.71% Contender
Banner Corporation (BANR) 8 2.81 2-Feb-22 7.32% Challenger
Graham Holdings Company (GHC) 5 1.09 2-Feb-22 4.64% Challenger
J.B. Hunt Transport Services, Inc. (JBHT) 18 0.82 3-Feb-22 33.33% Contender
Independent Bank Corporation (IBCP) 7 3.45 3-Feb-22 4.76% Challenger
Lamb Weston Holdings, Inc. Common Stock (LW) 5 1.54 3-Feb-22 4.26% Challenger
Colony Bankcorp, Inc. (CBAN) 5 2.49 3-Feb-22 4.85% Challenger

Field Definitions

Streak: Years of dividend growth history are 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
AES 0.15 0.158 5.33%
DKL 0.94 0.95 1.06%
FCCO 0.12 0.13 8.33%
ALLY 0.25 0.3 20.00%
FAST 0.28 0.31 10.71%
BANR 0.41 0.44 7.32%
GHC 1.51 1.58 4.64%
JBHT 0.3 0.4 33.33%
IBCP 0.21 0.22 4.76%
LW 0.235 0.245 4.26%
CBAN 0.103 0.108 4.85%

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
DKL 43.81 31.5 50.56 7.52 39% Off Low 13% Off High
AES 22.43 21.54 28.56 0 4% Off Low 21% Off High
FCCO 20.87 16.19 23.42 13.87 29% Off Low 11% Off High
ALLY 48.24 35.66 56.05 15.7 35% Off Low 14% Off High
FAST 55.31 42.7 64.75 33.28 30% Off Low 15% Off High
BANR 62.69 42.68 66.79 14.53 47% Off Low 6% Off High
GHC 580.28 547.75 681.65 11.53 6% Off Low 15% Off High
JBHT 195.45 132.42 208.87 29.84 48% Off Low 6% Off High
IBCP 25.54 17.6 25.94 7.54 45% Off Low 2% Off High
LW 63.69 50.22 85.49 33.2 27% Off Low 26% Off High
CBAN 17.3 13.41 19.49 12.5 29% Off Low 11% 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
DKL 8.9 3.7 7.9 9.4 18.2
IBCP 3.45 7.9 16.4 22.3 25.8
BANR 2.81 0 14.2 16.9 19.3 19.7
AES 2.81 5 5.5 7 9.8
CBAN 2.49 15.7 39.3
FCCO 2.49 4.4 8.1 9.9 11.6 12.4
ALLY 2.49 5.6 15
FAST 2.24 12.8 15.4 12.8 13.7 15
LW 1.54 8.1 7.1
GHC 1.09 4.2 4.4 -1 -4.3 0.1
JBHT 0.82 5.7 6 5.4 8.4 6.2


Fastenal has the longest streak this week with 22 years, coupled with a hefty 10.7% raise. That increase is slightly smaller than their historical average but is still well above the headline inflation rate. J.B. Hunt has the most significant increase at 33%.

Most importantly, with the recent pullback of equity markets, most of these companies are well off their 52-week highs. That has the great benefit of boosting current yields, especially with the incoming increases.

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
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!

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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