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.
Kimberly Clark (KMB) , +3.09% dividend increase
Kimberly Clark has declared quarterly dividend of $1.0000 (+3.0928% increase). It goes ex-dividend on 03-08-2018 and is payable on 04-03-2018. Annualized dividend is $4.0 at a yield of 3.2725%.
J.B. Hunt Transport Services (JBHT) , +4.35% dividend increase
J.B. Hunt Transport Services has declared quarterly dividend of $0.2400 (+4.3478% increase). It goes ex-dividend on 02-08-2018 and is payable on 02-23-2018. Annualized dividend is $0.96 at a yield of 0.7678%.
UMB Financial (UMBF) , +5.45% dividend increase
UMB Financial has declared quarterly dividend of $0.2900 (+5.4545% increase). It goes ex-dividend on 03-08-2018 and is payable on 04-02-2018. Annualized dividend is $1.16 at a yield of 1.5114%.
Rollins (ROL) , +40.0% dividend increase
Rollins has declared quarterly dividend of $0.1400 (+40.0000% increase). It goes ex-dividend on 02-08-2018 and is payable on 03-09-2018. Annualized dividend is $0.56 at a yield of 1.1065%.
Western Gas Partners LP (WES) , +1.66% dividend increase
Western Gas Partners LP has declared quarterly dividend of $0.9200 (+1.6575% increase). It goes ex-dividend on 01-31-2018 and is payable on 02-13-2018. Annualized dividend is $3.68 at a yield of 6.8862%.
Cincinnati Financial (CINF) , +6.0% dividend increase
Cincinnati Financial has declared quarterly dividend of $0.5300 (+6.0000% increase). It goes ex-dividend on 03-20-2018 and is payable on 04-16-2018. Annualized dividend is $2.12 at a yield of 2.7454%.
Commerce Bancshares (CBSH) , +4.44% dividend increase
Commerce Bancshares has declared quarterly dividend of $0.2350 (+4.44% increase). It goes ex-dividend on 03-08-2018 and is payable on 03-26-2018. Annualized dividend is $0.94 at a yield of 1.5957%.
3M Company (MMM) , +15.74% dividend increase
3M Company has declared quarterly dividend of $1.3600 (+15.7447% increase). It goes ex-dividend on 02-15-2018 and is payable on 03-12-2018. Annualized dividend is $5.44 at a yield of 2.1557%.
Air Products and Chemicals (APD) , +15.79% dividend increase
Air Products and Chemicals has declared quarterly dividend of $1.1000 (+15.7895% increase). It goes ex-dividend on 03-29-2018 and is payable on 05-14-2018. Annualized dividend is $4.4 at a yield of 2.5287%.
Northrop Grumman (NOC) , +10.0% dividend increase
Northrop Grumman has declared quarterly dividend of $1.1000 (+10.0000% increase). It goes ex-dividend on 03-02-2018 and is payable on 03-21-2018. Annualized dividend is $4.4 at a yield of 1.3538%.
Praxair, Inc (PX) , +4.76% dividend increase
Praxair, Inc has declared quarterly dividend of $0.8250 (+4.7619% increase). It goes ex-dividend on 03-06-2018 and is payable on 03-15-2018. Annualized dividend is $3.3 at a yield of 2.0202%.
Wow, big yield on WES! How sustainable do you think that is? Seems to have been pretty solid historically too? Good short-list of companies to work through further for the US dividend investors...
ReplyDeleteWES is a MLP which develops and operates midstream energy assets. Their payout ratio is definitely lower than the industry standard. I guess it has the pitfalls of MLPs. But 10 years of dividend increase is awesome.
DeleteGeek, Nice list of increases. Long CINF and KMB. Used to own APD and wish I still did. Tom
ReplyDeleteSometimes I wish I owned these stocks. Their performance has been stellar. Owning ETFs definitely has pitfalls, never able to pick up winners.
DeleteAwesome increase on MMM. Glad I own the company. Thanks for putting this together Geek.
ReplyDeleteMMM had an awesome increase! Thanks mate.
DeleteInteresting stocks. 3M is nice and am looking to open up a position in KMB. If only the price would go down a bit more...
ReplyDeleteKMB looks awesome! I was hoping we will see a drop this week (opportunity to add more). Seems like not happening. I don't foresee a drop in 2018. Starting 2019 there might be a pull back.
DeleteOnly company I own from this list is CINF. But any dividend increase is good to see. All great companies. Thanks for sharing the list.
ReplyDeleteLooks good. 6% increase is awesome. You're welcome!
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