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.
Graco (NYSE:GGG), +10.42% dividend increase
Graco has declared quarterly dividend of $0.3975 (+10.42% increase). It goes ex-dividend on Jan-19-2018 and is payable on Feb-07-2018. Annualized dividend is $1.59 at a yield of 1.22%.
Pentair (NYSE:PNR), +1.449% dividend increase
Pentair has declared quarterly dividend of $0.350 (+1.449% increase). It goes ex-dividend on Jan-25-2018 and is payable on Feb-09-2018. Annualized dividend is $1.40 at a yield of 2.017%.
W.P. Carey Inc. REIT (NYSE:WPC), +0.498% dividend increase
W.P. Carey Inc. REIT has declared quarterly dividend of $1.010 (+0.498% increase). It goes ex-dividend on Dec-28-2017 and is payable on Jan-16-2018. Annualized dividend is $4.04 at a yield of 5.729%.
C.H. Robinson Worldwide (NYSE:CHRW), +2.222% dividend increase
C.H. Robinson Worldwide has declared quarterly dividend of $0.460 (+2.222% increase). It goes ex-dividend on Dec-15-2017 and is payable on Dec-29-2017. Annualized dividend is $1.84 at a yield of 2.105%.
Ecolab (NYSE:ECL), +10.811% dividend increase
Ecolab has declared quarterly dividend of $0.410 (+10.811% increase). It goes ex-dividend on Dec-18-2017 and is payable on Jan-16-2018. Annualized dividend is $1.64 at a yield of 1.207%.
Edison International (NYSE:EIX), +11.521% dividend increase
Edison International has declared quarterly dividend of $0.605 (+11.521% increase). It goes ex-dividend on Dec-28-2017 and is payable on Jan-31-2018. Annualized dividend is $2.42 at a yield of 3.372%.
Erie Indemnity (NYSE:ERIE), +7.348% dividend increase
Erie Indemnity has declared quarterly dividend of $0.840 (+7.348% increase). It goes ex-dividend on Jan-05-2018 and is payable on Jan-23-2018. Annualized dividend is $3.36 at a yield of 2.792%.
Edison International sounds interesting. Never heard of it, but nice dividend increase
ReplyDeleteIt is a utility company (SoCal region). One of the reasons I write these posts is to expose myself to new stocks. Being a utility company it's yield is high ... however FCF based dividend payout ratio is not that good.
ReplyDeleteGeek, WPC is the only one I own, but just a small position. I have looked at Graco in the past. They have kind of high payout ratio for an industrial company. Any opinion on Graco? Tom
ReplyDeleteI agree the dividend payout ratio is high. P/E is high too. The only positive I see is their share buy back. It seems like the price is popped up by these buy backs. I would stay clear.
DeleteGood list for further study. WPC and PNR are the two I am currently checking in depth, if found a good value then will pull the trigger.
ReplyDeleteHappy Investing.
TheDividendKarma - TDK.
Thanks for your comment TDK. Glad you found this page useful. I do not have positions in any of the above stocks. I feel they are over priced. Let us know if you do decide to buy either PNR or WPC (Curious to know your reasons to buy).
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