14 Upcoming Dividend Increases Including A Soon To Be King

May 26, 2022 1:01 PM ETAVY, BAX, EXPD, FRME, FRMEP, HLI, HVT, LCII, MAN, MNRO, PEP, QCOM, UFPI, WMS, WTS1 Comment22 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 12.4% and a median increase of 10.3%. I've tracked 282 increases in 2022, 211 increases in Q1 2022, and 71 in Q2.
  • There are fourteen increases for next week, up from ten last week.
  • Soon-to-be Dividend King PepsiCo raised their dividend 7%.

2022 wooden numbers with coins on the table

baona/iStock 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 "US 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.

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 2
Contender 5
Challenger 7

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
Expeditors International of Washington, Inc. (EXPD) 27 1.26 31-May-22 15.52% Champion
ManpowerGroup (MAN) 11 3.03 31-May-22 7.94% Contender
Avery Dennison Corporation (AVY) 11 1.81 31-May-22 10.29% Contender
Watts Water Technologies, Inc. Class A (WTS) 9 0.95 31-May-22 15.38% Challenger
UFP Industries, Inc. (UFPI) 9 1.34 31-May-22 25.00% Challenger
Advanced Drainage Systems, Inc. (WMS) 7 0.45 31-May-22 9.09% Challenger
QUALCOMM Incorporated (QCOM) 19 2.29 1-Jun-22 10.29% Contender
Haverty Furniture Companies, Inc. (HVT) 8 4.06 1-Jun-22 12.00% Challenger
Houlihan Lokey, Inc. Class A (HLI) 6 2.53 1-Jun-22 23.26% Challenger
PepsiCo, Inc. (PEP) 49 2.72 2-Jun-22 6.98% Champion
First Merchants Corporation (FRME) 10 3.2 2-Jun-22 10.34% Contender
LCI Industries (LCII) 6 3.63 2-Jun-22 16.67% Challenger
Baxter International Inc. (BAX) 5 1.54 2-Jun-22 3.57% Challenger
Monro, Inc. (MNRO) 15 2.45 3-Jun-22 7.69% Contender

Field Definitions

Streak: Years of dividend growth history are sourced from the US Dividend Champions spreadsheet.

Forward Yield: The new payout rate is divided by the current share price.

Ex-Dividend Date: This is the date 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
EXPD 0.58 0.67 15.52%
MAN 1.26 1.36 7.94%
AVY 0.68 0.75 10.29%
WTS 0.26 0.3 15.38%
UFPI 0.2 0.25 25.00%
WMS 0.11 0.12 9.09%
QCOM 0.68 0.75 10.29%
HVT 0.25 0.28 12.00%
HLI 0.43 0.53 23.26%
PEP 1.075 1.15 6.98%
FRME 0.29 0.32 10.34%
LCII 0.9 1.05 16.67%
BAX 0.28 0.29 3.57%
MNRO 0.26 0.28 7.69%

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
EXPD 106.17 97.15 137.8 24.18 9% Off Low 23% Off High
AVY 165.38 156.51 227.63 24.62 6% Off Low 27% Off High
MAN 89.8 84.32 122.89 62.62 6% Off Low 27% Off High
WTS 125.71 122.47 211.34 33.9 3% Off Low 41% Off High
UFPI 74.81 67.18 94.58 14.94 11% Off Low 21% Off High
WMS 107.74 92.28 137.89 37.11 17% Off Low 22% Off High
QCOM 131.23 121.2 192.78 34.93 8% Off Low 32% Off High
HVT 27.58 24.35 51.63 12.64 13% Off Low 47% Off High
HLI 83.66 71.6 122.11 22.57 17% Off Low 31% Off High
PEP 168.99 141.73 177.62 28.79 19% Off Low 5% Off High
FRME 40.05 37.15 49.01 12.99 8% Off Low 18% Off High
LCII 115.56 96.32 161.38 23.78 20% Off Low 28% Off High
BAX 75.2 69.72 89.41 44.16 8% Off Low 16% Off High
MNRO 45.7 37.49 64.31 52.79 22% Off Low 29% Off High

Tickers By Yield And Growth Rates

Some investors are more interested in the current yield, so I sorted this table 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
HVT 4.06 18.7 10.5 17.4 21.7
LCII 3.63 21.2 12.7 39.3 43.2
FRME 3.2 2.9 12.1 17.9 38.9 21.1
MAN 3.03 11.5 7.8 7.9 12.2 11
PEP 2.72 6.6 7.4 7.7 7.8 10.4
HLI 2.53 14.5 17.7 24.8 27.4
MNRO 2.45 2.3 6.8 7.7 11.6 10.3
QCOM 2.29 6 4.5 6.2 13 8.5
AVY 1.81 7.8 10.2 10.5 10.8 12.3
BAX 1.54 12.2 14.9 16.4 -1.8 18
UFPI 1.34 22.2 16.3 14.5 15.2 15.9
EXPD 1.26 7.9 8.1 7.7 9.4 9
WTS 0.95 3.3 6.8 6.6 8 7.6
WMS 0.45 5.6 9.4 12.6 13.1

Here are some notes about this week's list:

  • Soon-to-be Dividend King PepsiCo raised their dividend another 7%. Next year they will become a King!
  • EXPD, AVY, WTS, UFPI, QCOM, HVT, HLI, FRME, and LCII all raised their dividend by at least 10%.

Please be sure to do your due diligence before investing, and 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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