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.
1st Source (NYSE:SRCE), +10.0% dividend increase
1st Source has declared quarterly dividend of $0.220 (+10.000% increase). It goes ex-dividend on Feb-02-2018 and is payable on Feb-15-2018. Annualized dividend is $0.88 at a yield of 1.692%.
A. O. Smith (NYSE:AOS), +28.571% dividend increase
A. O. Smith has declared quarterly dividend of $0.180 (+28.571% increase). It goes ex-dividend on Jan-30-2018 and is payable on Feb-15-2018. Annualized dividend is $0.72 at a yield of 1.092%.
Consolidated Edison (NYSE:ED), +3.623% dividend increase
Consolidated Edison has declared quarterly dividend of $0.715 (+3.623% increase). It goes ex-dividend on Feb-13-2018 and is payable on Mar-15-2018. Annualized dividend is $2.86 at a yield of 3.654%.
ONEOK (NYSE:OKE), +3.356% dividend increase
ONEOK has declared quarterly dividend of $0.770 (+3.356% increase). It goes ex-dividend on Jan-26-2018 and is payable on Feb-14-2018. Annualized dividend is $3.08 at a yield of 5.298%.
Realty Income (NYSE:O), +3.059% dividend increase
Realty Income has declared quarterly dividend of $0.219 (+3.059% increase). It goes ex-dividend on Jan-31-2018 and is payable on Feb-15-2018. Annualized dividend is $2.63 at a yield of 4.986%.
Alliant Energy (NYSE:LNT), +6.349% dividend increase
Alliant Energy has declared quarterly dividend of $0.335 (+6.349% increase). It goes ex-dividend on Jan-30-2018 and is payable on Feb-15-2018. Annualized dividend is $1.34 at a yield of 3.377%.
Hi Mr. Geek, Thanks for the summary. O is the only one I currently own. Tom
ReplyDeleteThanks Tom. I own these stocks through VIG.
DeleteWish somebody gives a list like this one for TSX too. Thanks Geek for posting the div grower stocks list from NYSE.
ReplyDeleteYou're welcome PS. I do have a weekly article on TSX dividend increases. It is a general list, not necessarily dividend achievers/aristocrats.
DeleteGreat list there, I don't own any (except may be via any funds) but I will look further into these. Good Luck.
ReplyDeleteTDK.
SRCE looks good to me for a long term buy. The rest I am not sure of. I do own all stocks through funds.
DeleteThanks for putting together this list Geek. Out of all the companies you listed, I only own Realty Income. But, in general, I'm a huge fan of dividend growth stocks because you passively get the benefit or rising dividend increases from such companies.
ReplyDeleteYou're welcome DP. Most of them have poor payout ratios. To be honest I only liked SRCE. However, I do own the rest through VIG :-)
DeleteSRCE looks like its had a great steady run the last few years - really surprised at the low payout ratio's though! Do you think they have room to lift this in future?
ReplyDeleteI don't find any obvious red flags. It would be a nice addition I suppose.
Delete