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.
Assurant (AIZ), +5.66% dividend increase
Assurant has declared quarterly dividend of $0.56(+5.66% increase). It goes ex-dividend on 11/24/2017 and is payable on 12/18/2017. Annualized dividend is $2.12 at a yield of 2.14%.
NewJersey Resources Corporation (NJR), +3.85% dividend increase
NewJersey Resources Corporation has declared quarterly dividend of $0.27(+3.85% increase). It goes ex-dividend on 12/14/2017 and is payable on 1/2/2018. Annualized dividend is $1.09 at a yield of 2.42%.
Lancaster Colony Corporation (LANC), +9.09% dividend increase
Lancaster Colony Corporation has declared quarterly dividend of $0.60(+9.09% increase). It goes ex-dividend on 12/7/2017 and is payable on 12/29/2017. Annualized dividend is $2.20 at a yield of 1.78%.
Royal Gold (RGLD), +4.17% dividend increase
Royal Gold has declared quarterly dividend of $0.25(+4.17% increase). It goes ex-dividend on 1/4/2018 and is payable on 1/19/2018. Annualized dividend is $0.96 at a yield of 1.12%.
Sysco Corporation (SYY), +9.09% dividend increase
Sysco Corporation has declared quarterly dividend of $0.36(+9.09% increase). It goes ex-dividend on 1/4/2018 and is payable on 1/26/2018. Annualized dividend is $1.32 at a yield of 2.40%.
10-Year Dividend Growers with dividend increase (Nov 06 - Nov 10)
Geek, Very happy about the Sysco dividend increase. I am a longer time holder of the stock and have been disappointed in the dividend growth in recent years. Glad to see such a health increase. Tom
ReplyDeleteLooks like a decent stock. I don't own it myself. dividend payout ratio based on FCF is high.
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