One way to identify dividend growth stocks is to look for dividend increases. Companies that pay rising dividends are likely to be financially healthy and generate consistent cash flow. I am interested in stocks with at least ten consecutive years of increasing annual regular dividend payments. Here is a list of such companies that increased their dividends last week.
Automatic Data Processing (ADP), +10.53% dividend increase
Automatic Data Processing has declared quarterly dividend of $0.63(+10.53% increase). It goes ex-dividend on 12/7/2017 and is payable on 1/1/2018. Annualized dividend is $2.28 at a yield of 2.03%.
Atmos Energy Corporation (ATO), +8.89% dividend increase
Atmos Energy Corporation has declared quarterly dividend of $0.49(+8.89% increase). It goes ex-dividend on 11/24/2017 and is payable on 12/11/2017. Annualized dividend is $1.80 at a yield of 2.02%.
Universal Corporation (UVV), +1.85% dividend increase
Universal Corporation has declared quarterly dividend of $0.55(+1.85% increase). It goes ex-dividend on 1/5/2018 and is payable on 2/5/2018. Annualized dividend is $2.16 at a yield of 3.94%.
AmerisourceBergen Corporation (Holding Co) (ABC), +2.7% dividend increase
AmerisourceBergen Corporation (Holding Co) has declared quarterly dividend of $0.38(+2.7% increase). It goes ex-dividend on 11/17/2017 and is payable on 12/4/2017. Annualized dividend is $1.46 at a yield of 1.94%.
10-Year Dividend Growers with dividend increase (Oct 30 - Nov 03)
Geek, ADP is one of my favorite stocks and I was very pleased with their dividend increase. They have been a steady and solid performer over the years. Tom
ReplyDeleteYes, great stock. I was hoping to initiate a position in ADP.
DeleteABC and ADP look interesting. Both are solid long time dividend raisers. Unfortunately I don't hold any of the names mentioned above. Thanks for compiling.
ReplyDeleteAny particular reason you don't own ADP?
DeleteI haven't really looked into that stock in earnest. I guess it's in a sector that I don't find that interesting though I know they handle a lot of the payroll out there.
DeleteI will just throw out on ADP, that they benefit from rising interest rates since they are able to invest their clients payroll funds on a short term basis. ADP and its competitor PAYX are good holdings to benefit from rising interest rates and can help diversify an otherwise interest rate sensitive dividend stock portfolio. Insurance companies also provide this type of diversification. Keith wrote about insurance companies a few months back on DivHut. Tom
ReplyDelete"since they are able to invest their clients payroll funds on a short term basis." ==> WOW! really? I guess higher interest will improve their earning.
DeleteI like ADP and wouldn't mind adding it to my portfolio. But I haven't seen any dips for a buying opportunity. And the shares are sitting comfortably above $100 which is a little pricey when you don't have a lot of free capital to spend. Great list, thanks for sharing.
ReplyDeleteTrue :-) Holding all stocks is impossible. That is why I ended up owning VIG
DeleteGeek, unfortunately I don't own any of those particular stocks, but I do like owning dividend stocks for that very reason: you get the benefit of increase in dividends over and over again. Companies that have increased their dividends for the past ten years are generally more likely to keep increasing their dividends. In fact, they may very well be on their way to dividend aristocrat status.
ReplyDeleteIt's a matter of time before you start holding these stocks. As we grow our portfolio we will definitely be adding more diversified stocks. Thanks for swinging by mate.
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