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.
Southwest Airlines Company (LUV)
Industry: Airlines
Sector: Industrials
Southwest Airlines Co is one of largest domestic carrier in the United States. The company operates approximately 700 aircraft constituting an all-Boeing fleet and specializes in short-haul flights and several international locations.
Southwest Airlines Co. has declared quarterly dividend of $0.1600 (+28.0000% increase). It goes ex-dividend on 06-05-2018 and is payable on 06-27-2018. Southwest Airlines Co. has 6 years of consecutive dividend increase.
| Price |
$52.47 |
| Market Cap |
$30.422 billion |
| Annualized Dividend |
$0.64 |
| Yield |
1.22% |
| EPS(TTM) |
$3.64 |
| Payout Ratio |
17.582% |
50-day moving average |
$55.345 |
| 200-day moving average |
$57.147 |
| P/E Ratio |
14.34 |
| 52 week range |
$49.76 - $66.985 |
2-Year Dividend History
| DeclaredDate |
Ex-DividendDate |
RecordDate |
PayableDate |
Qualified |
Amount |
| 2018-01-31 |
2018-03-06 |
2018-03-07 |
2018-03-28 |
|
$0.125 |
| 2017-11-16 |
2017-12-06 |
2017-12-07 |
2018-01-04 |
|
$0.125 |
| 2017-08-03 |
2017-08-22 |
2017-08-24 |
2017-09-14 |
Q |
$0.125 |
| 2017-05-17 |
2017-06-05 |
2017-06-07 |
2017-06-28 |
Q |
$0.125 |
| 2017-02-02 |
2017-03-07 |
2017-03-09 |
2017-03-30 |
Q |
$0.1 |
| 2016-11-17 |
2016-12-06 |
2016-12-08 |
2017-01-05 |
Q |
$0.1 |
| 2016-07-28 |
2016-08-16 |
2016-08-18 |
2016-09-08 |
Q |
$0.1 |
| 2016-05-18 |
2016-06-06 |
2016-06-08 |
2016-06-29 |
Q |
$0.1 |
Trailing Twelve Months Earnings
| Actual EPS |
Estimated EPS |
Fiscal Period |
Y-O-Y Growth |
| $0.75 |
$0.75 |
Q1 2018 |
23% |
| $0.77 |
$0.76 |
Q4 2017 |
4% |
| $0.88 |
$0.87 |
Q3 2017 |
-5% |
| $1.24 |
$1.2 |
Q2 2017 |
4% |
Peer Comparison
| Ticker |
Name |
Dividend |
Yield |
EPS (TTM) |
P/E |
P/B |
Price/Sales |
Payout Ratio |
| LUV |
Southwest Airlines Company |
$0.64 |
1.22% |
$3.64 |
14.34 |
3.2 |
1.469 |
17.582% |
| SKYW |
SkyWest Inc. |
$0.4 |
0.694% |
$3.8 |
15.18 |
1.68 |
0.93 |
10.526% |
| JBLU |
JetBlue Airways Corporation |
$0 |
0% |
$1.78 |
10.7 |
1.31 |
0.927 |
0.0% |
| HA |
Hawaiian Holdings Inc. |
$0.48 |
1.244% |
$5.69 |
6.83 |
2.33 |
0.801 |
8.436% |
| ALGT |
Allegiant Travel Company |
$2.8 |
1.742% |
$10.46 |
15.45 |
4.33 |
1.692 |
26.769% |
| ALK |
Alaska Air Group Inc. |
$1.28 |
2.184% |
$5.72 |
10.18 |
2.12 |
0.946 |
22.378% |
| DAL |
Delta Air Lines Inc. |
$1.22 |
2.298% |
$4.91 |
10.78 |
2.99 |
0.892 |
24.847% |
| UAL |
United Continental Holdings |
$0 |
0% |
$6.87 |
9.96 |
2.32 |
0.512 |
0.0% |
| AAL |
American Airlines Group Inc. |
$0.4 |
0.917% |
$5.04 |
8.61 |
6.19 |
0.538 |
7.937% |
| SAVE |
Spirit Airlines Inc. |
$0 |
0% |
$3.25 |
11.43 |
1.47 |
1.205 |
0.0% |
Leggett & Platt Incorporated (LEG)
Industry: Manufacturing - Apparel & Furniture
Sector: Consumer Cyclical
Leggett & Platt Inc is a manufacturer that conceives designs and produces engineered components and products found in homes, offices, retail stores, automobiles and commercial aircraft.
Leggett & Platt, Incorporated has declared quarterly dividend of $0.3800 (+5.5560% increase). It goes ex-dividend on 06-14-2018 and is payable on 07-13-2018. Leggett & Platt, Incorporated has 46 years of consecutive dividend increase.
| Price |
$41.88 |
| Market Cap |
$5.498 billion |
| Annualized Dividend |
$1.52 |
| Yield |
3.629% |
| EPS(TTM) |
$2.41 |
| Payout Ratio |
63.071% |
50-day moving average |
$43.543 |
| 200-day moving average |
$45.385 |
| P/E Ratio |
17.48 |
| 52 week range |
$39.57 - $53.96 |
2-Year Dividend History
| DeclaredDate |
Ex-DividendDate |
RecordDate |
PayableDate |
Qualified |
Amount |
| 2017-11-07 |
2017-12-14 |
2017-12-15 |
2018-01-12 |
|
$0.36 |
| 2017-08-03 |
2017-09-14 |
2017-09-15 |
2017-10-13 |
Q |
$0.36 |
| 2017-05-09 |
2017-06-13 |
2017-06-15 |
2017-07-14 |
Q |
$0.36 |
| 2017-02-21 |
2017-03-13 |
2017-03-15 |
2017-04-13 |
Q |
$0.34 |
| 2016-11-08 |
2016-12-13 |
2016-12-15 |
2017-01-13 |
Q |
$0.34 |
| 2016-08-04 |
2016-09-13 |
2016-09-15 |
2016-10-14 |
Q |
$0.34 |
| 2016-05-17 |
2016-06-13 |
2016-06-15 |
2016-07-15 |
Q |
$0.34 |
Trailing Twelve Months Earnings
| Actual EPS |
Estimated EPS |
Fiscal Period |
Y-O-Y Growth |
| $0.57 |
$0.61 |
Q1 2018 |
-8% |
| $0.59 |
$0.61 |
Q4 2017 |
11% |
| $0.61 |
$0.61 |
Q3 2017 |
-9% |
| $0.64 |
$0.65 |
Q2 2017 |
-3% |
Peer Comparison
| Ticker |
Name |
Dividend |
Yield |
EPS (TTM) |
P/E |
P/B |
Price/Sales |
Payout Ratio |
| LEG |
Leggett & Platt Incorporated |
$1.52 |
3.629% |
$2.41 |
17.48 |
4.58 |
1.366 |
63.071% |
| CRWS |
Crown Crafts Inc. |
$0.32 |
5.378% |
$0.53 |
11.23 |
1.55 |
1.261 |
60.377% |
| FLXS |
Flexsteel Industries Inc. |
$0.88 |
2.311% |
$0 |
N/A |
1.22 |
0.595 |
N/A |
| MLHR |
Herman Miller Inc. |
$0.72 |
2.179% |
$2.14 |
15.54 |
2.99 |
0.838 |
33.645% |
| ETH |
Ethan Allen Interiors Inc. |
$0.76 |
3.121% |
$1.32 |
18.75 |
1.65 |
0.874 |
57.576% |
| SCS |
Steelcase Inc. |
$0.54 |
3.776% |
$1.03 |
13.83 |
2.04 |
0.542 |
52.427% |
| LZB |
La-Z-Boy Incorporated |
$0.48 |
1.561% |
$1.7 |
18.53 |
2.41 |
1.223 |
28.235% |
| TPX |
Tempur Sealy International Inc. |
$0 |
0% |
$2.66 |
18.79 |
24.34 |
1.022 |
0.0% |
| HNI |
HNI Corporation |
$1.18 |
3.186% |
$1.81 |
20.52 |
3.13 |
0.723 |
65.193% |
| KNL |
Knoll Inc. |
$0.6 |
2.946% |
$1.39 |
14.79 |
2.72 |
0.849 |
43.165% |
| SNBR |
Sleep Number Corporation |
$0 |
0% |
$1.57 |
18.73 |
29.62 |
0.741 |
0.0% |
Northrop Grumman Corporation (NOC)
Industry: Aerospace & Defense
Sector: Industrials
Northrop Grumman Corp offers portfolio of capabilities and technologies to deliver products, systems and solutions for applications to government and commercial customers. It provides products, systems and solutions in autonomous systems.
Northrop Grumman Corporation has declared quarterly dividend of $1.2000 (+9.0910% increase). It goes ex-dividend on 06-01-2018 and is payable on 06-20-2018. Northrop Grumman Corporation has 10 years of consecutive dividend increase.
| Price |
$324.52 |
| Market Cap |
$56.591 billion |
| Annualized Dividend |
$4.8 |
| Yield |
1.479% |
| EPS(TTM) |
$13.86 |
| Payout Ratio |
34.632% |
50-day moving average |
$339.364 |
| 200-day moving average |
$309.748 |
| P/E Ratio |
23.74 |
| 52 week range |
$243.391 - $360.88 |
2-Year Dividend History
| DeclaredDate |
Ex-DividendDate |
RecordDate |
PayableDate |
Qualified |
Amount |
| 2018-01-25 |
2018-03-02 |
2018-03-05 |
2018-03-21 |
|
$1.1 |
| 2017-11-15 |
2017-12-01 |
2017-12-04 |
2017-12-20 |
|
$1 |
| 2017-08-16 |
2017-08-24 |
2017-08-28 |
2017-09-13 |
Q |
$1 |
| 2017-05-16 |
2017-06-01 |
2017-06-05 |
2017-06-21 |
Q |
$1 |
| 2017-02-16 |
2017-03-02 |
2017-03-06 |
2017-03-22 |
Q |
$0.9 |
| 2016-11-16 |
2016-12-01 |
2016-12-05 |
2016-12-21 |
Q |
$0.9 |
| 2016-08-17 |
2016-08-25 |
2016-08-29 |
2016-09-14 |
Q |
$0.9 |
| 2016-05-17 |
2016-06-02 |
2016-06-06 |
2016-06-22 |
Q |
$0.9 |
Trailing Twelve Months Earnings
| Actual EPS |
Estimated EPS |
Fiscal Period |
Y-O-Y Growth |
| $4.21 |
$3.63 |
Q1 2018 |
16% |
| $2.82 |
$2.75 |
Q4 2017 |
6% |
| $3.68 |
$2.92 |
Q3 2017 |
22% |
| $3.15 |
$2.84 |
Q2 2017 |
21% |
Peer Comparison
| Ticker |
Name |
Dividend |
Yield |
EPS (TTM) |
P/E |
P/B |
Price/Sales |
Payout Ratio |
| NOC |
Northrop Grumman Corporation |
$4.8 |
1.479% |
$13.86 |
23.74 |
7.29 |
2.132 |
34.632% |
| KTOS |
Kratos Defense & Security Solutions Inc. |
$0 |
0% |
$0.1 |
111.3 |
2.21 |
1.556 |
0.0% |
| LMT |
Lockheed Martin Corporation |
$8 |
2.497% |
$14.79 |
21.67 |
48.3 |
1.766 |
54.091% |
| BA |
The Boeing Company |
$6.84 |
1.988% |
$13.71 |
25.62 |
160.29 |
2.743 |
49.891% |
| GD |
General Dynamics Corporation |
$3.72 |
1.844% |
$10.12 |
20.01 |
5.06 |
1.917 |
36.759% |
| HRS |
Harris Corporation |
$2.28 |
1.492% |
$5.67 |
27.14 |
5.82 |
3.012 |
40.212% |
| UTX |
United Technologies Corporation |
$2.8 |
2.244% |
$6.95 |
18.01 |
3.27 |
1.62 |
40.288% |
| RTN |
Raytheon Company |
$3.47 |
1.648% |
$8.18 |
25.8 |
5.9 |
2.357 |
42.421% |
| COL |
Rockwell Collins Inc. |
$1.32 |
0.971% |
$6.37 |
21.4 |
3.34 |
3.315 |
20.722% |
| LLL |
L3 Technologies Inc. |
$3.2 |
1.65% |
$8.86 |
21.9 |
2.89 |
1.464 |
36.117% |
Packaging Corporation of America (PKG)
Industry: Packaging & Containers
Sector: Consumer Cyclical
Packaging Corp of America is a producer of container board and corrugated products in the US. Further, it also produces multi-color boxes and displays, as well as meat boxes and wax-coated boxes for the agricultural industry.
Packaging Corporation of America has declared quarterly dividend of $0.7900 (+25.3970% increase). It goes ex-dividend on 06-14-2018 and is payable on 07-13-2018. Packaging Corporation of America has 7 years of consecutive dividend increase.
| Price |
$120.33 |
| Market Cap |
$11.353 billion |
| Annualized Dividend |
$3.16 |
| Yield |
2.626% |
| EPS(TTM) |
$6.31 |
| Payout Ratio |
50.079% |
50-day moving average |
$115.09 |
| 200-day moving average |
$115.572 |
| P/E Ratio |
19.2 |
| 52 week range |
$98.1 - $131.132 |
2-Year Dividend History
| DeclaredDate |
Ex-DividendDate |
RecordDate |
PayableDate |
Qualified |
Amount |
| 2017-12-14 |
2017-12-22 |
2017-12-26 |
2018-01-12 |
|
$0.63 |
| 2017-08-25 |
2017-09-14 |
2017-09-15 |
2017-10-13 |
Q |
$0.63 |
| 2017-05-17 |
2017-06-13 |
2017-06-15 |
2017-07-14 |
Q |
$0.63 |
| 2017-03-01 |
2017-03-13 |
2017-03-15 |
2017-04-14 |
Q |
$0.63 |
| 2016-12-13 |
2016-12-21 |
2016-12-23 |
2017-01-13 |
Q |
$0.63 |
| 2016-08-31 |
2016-09-13 |
2016-09-15 |
2016-10-14 |
Q |
$0.63 |
| 2016-05-18 |
2016-06-13 |
2016-06-15 |
2016-07-15 |
Q |
$0.55 |
Trailing Twelve Months Earnings
| Actual EPS |
Estimated EPS |
Fiscal Period |
Y-O-Y Growth |
| $1.55 |
$1.53 |
Q1 2018 |
22% |
| $1.56 |
$1.51 |
Q4 2017 |
27% |
| $1.68 |
$1.69 |
Q3 2017 |
29% |
| $1.52 |
$1.48 |
Q2 2017 |
22% |
Peer Comparison
| Ticker |
Name |
Dividend |
Yield |
EPS (TTM) |
P/E |
P/B |
Price/Sales |
Payout Ratio |
| PKG |
Packaging Corporation of America |
$3.16 |
2.626% |
$6.31 |
19.2 |
4.94 |
1.702 |
50.079% |
| GLT |
Glatfelter |
$0.52 |
3.016% |
$0.97 |
17.84 |
1.03 |
0.461 |
53.608% |
| IP |
International Paper Company |
$1.9 |
3.451% |
$3.94 |
13.95 |
3.15 |
0.993 |
48.223% |
| KS |
KapStone Paper and Packaging Corporation |
$0.4 |
1.163% |
$1.6 |
21.52 |
2.88 |
1.006 |
25.0% |
| GPK |
Graphic Packaging Holding Company |
$0.3 |
2.031% |
$0.69 |
21.59 |
2.58 |
0.916 |
43.478% |
| CLW |
Clearwater Paper Corporation |
$0 |
0% |
$1.77 |
14.63 |
0.76 |
0.256 |
0.0% |
| WRK |
Westrock Company |
$1.72 |
2.779% |
$3.02 |
20.56 |
1.37 |
1.013 |
56.954% |
Marsh & McLennan Companies Inc. (MMC)
Industry: Brokers & Exchanges
Sector: Financial Services
Marsh & McLennan Companies Inc is a professional services firm which provides advice and solutions in the areas of risk, strategy, and human capital.
Marsh & McLennan Companies, Inc. has declared quarterly dividend of $0.4150 (+10.6670% increase). It goes ex-dividend on 07-10-2018 and is payable on 08-15-2018. Marsh & McLennan Companies, Inc. has 8 years of consecutive dividend increase.
| Price |
$81 |
| Market Cap |
$41.098 billion |
| Annualized Dividend |
$1.5 |
| Yield |
1.852% |
| EPS(TTM) |
$4.22 |
| Payout Ratio |
35.545% |
50-day moving average |
$82.193 |
| 200-day moving average |
$81.402 |
| P/E Ratio |
19.23 |
| 52 week range |
$73.65 - $86.54 |
2-Year Dividend History
| DeclaredDate |
Ex-DividendDate |
RecordDate |
PayableDate |
Qualified |
Amount |
| 2018-01-17 |
2018-01-30 |
2018-01-31 |
2018-02-15 |
|
$0.375 |
| 2017-09-19 |
2017-10-06 |
2017-10-10 |
2017-11-15 |
|
$0.375 |
| 2017-05-18 |
2017-07-07 |
2017-07-11 |
2017-08-15 |
Q |
$0.375 |
| 2017-03-15 |
2017-04-05 |
2017-04-07 |
2017-05-15 |
Q |
$0.34 |
| 2017-01-11 |
2017-01-23 |
2017-01-25 |
2017-02-15 |
Q |
$0.34 |
| 2016-09-21 |
2016-10-06 |
2016-10-11 |
2016-11-15 |
Q |
$0.34 |
| 2016-05-19 |
2016-07-07 |
2016-07-11 |
2016-08-15 |
Q |
$0.34 |
| 2016-03-16 |
2016-04-06 |
2016-04-08 |
2016-05-13 |
Q |
$0.31 |
Trailing Twelve Months Earnings
| Actual EPS |
Estimated EPS |
Fiscal Period |
Y-O-Y Growth |
| $1.38 |
$1.3 |
Q1 2018 |
28% |
| $1.05 |
$0.95 |
Q4 2017 |
18% |
| $0.79 |
$0.78 |
Q3 2017 |
14% |
| $1 |
$1 |
Q2 2017 |
10% |
Peer Comparison
| Ticker |
Name |
Dividend |
Yield |
EPS (TTM) |
P/E |
P/B |
Price/Sales |
Payout Ratio |
| MMC |
Marsh & McLennan Companies Inc. |
$1.5 |
1.852% |
$4.22 |
19.23 |
5.18 |
3.888 |
35.545% |
| ACGL |
Arch Capital Group Ltd. |
$0 |
0% |
$3.45 |
22.8 |
1.28 |
1.997 |
0.0% |
| BRO |
Brown & Brown Inc. |
$0.3 |
1.09% |
$1.07 |
25.8 |
2.72 |
3.939 |
28.037% |
| AJG |
Arthur J. Gallagher & Co. |
$1.64 |
2.45% |
$4.18 |
16.16 |
2.69 |
1.859 |
39.234% |
| AXS |
Axis Capital Holdings Limited |
$1.56 |
2.691% |
$-2.34 |
-24.7 |
1.09 |
1.045 |
N/A |
| AON |
Aon plc Class A (UK) |
$1.6 |
1.135% |
$8.06 |
17.53 |
6.46 |
3.197 |
19.851% |
| WLTW |
Willis Towers Watson Public Limited Company |
$2.4 |
1.566% |
$7.49 |
20.6 |
1.89 |
2.471 |
32.043% |
Note: Data provided for free by
IEX
I don't own any of this group. I did have a small position in LEG for a while, but sold to consolidate some positions. I've had success with LMT and RTN, but never owned NOC in the aerospace/defense industry. Tom
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