One way to identify dividend growth stocks is to look for dividend increases. Companies that pay rising dividends are likely to be financially healthy, generate consistent cash flow and regular dividend. I am interested in stocks with at least ten consecutive years of increasing annual dividend payments (Dividend Achievers). Here is a list of US companies that increased their dividends this week.
The Southern Company (SO) , +3.45% dividend increase
The Southern Company has declared quarterly dividend of $0.6000 (+3.4483% increase). It goes ex-dividend on 05-18-2018 and is payable on 06-06-2018. Annualized dividend is $2.4 at a yield of 5.2632%. The Southern Company has 16 years of consecutive dividend increase.
Western Gas Partners, LP (WES) , +1.63% dividend increase
Western Gas Partners, LP has declared quarterly dividend of $0.9350 (+1.6304% increase). It goes ex-dividend on 05-01-2018 and is payable on 05-14-2018. Annualized dividend is $3.74 at a yield of 8.0690%. Western Gas Partners, LP has 10 years of consecutive dividend increase.
Sonoco Products Company (SON) , +5.13% dividend increase
Sonoco Products Company has declared quarterly dividend of $0.4100 (+5.1282% increase). It goes ex-dividend on 05-10-2018 and is payable on 06-08-2018. Annualized dividend is $1.64 at a yield of 3.2119%. Sonoco Products Company has 37 years of consecutive dividend increase.
ONEOK, Inc. (OKE) , +3.25% dividend increase
ONEOK, Inc. has declared quarterly dividend of $0.7950 (+3.2468% increase). It goes ex-dividend on 04-27-2018 and is payable on 05-15-2018. Annualized dividend is $3.18 at a yield of 5.3231%. ONEOK, Inc. has 15 years of consecutive dividend increase.
1st Source Corporation (SRCE) , +9.09% dividend increase
1st Source Corporation has declared quarterly dividend of $0.2400 (+9.0909% increase). It goes ex-dividend on 05-04-2018 and is payable on 05-15-2018. Annualized dividend is $0.96 at a yield of 1.8451%. 1st Source Corporation has 32 years of consecutive dividend increase.
Disclaimer: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Geek -
ReplyDeleteSolid increases and is nice seeing a few companies each and every week pumping up the div!
-Lanny
DG, Increase announcements are picking up again. Next week should be active as well. Tom
ReplyDeleteThanks for the update DG, its nice to see more companies announcing dividend increases.
ReplyDeleteLike seeing increases for companies I own in my portfolio. I see SO on that list. Thanks for sharing.
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