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.
Kroger Company (The) (KR)
Industry: Retail - Defensive
Sector: Consumer Defensive
The Kroger Co operates grocery stores. Its coverage includes retail food and drug stores, multi-department stores, jewelry stores and convenience stores.
The Kroger Co. has declared quarterly dividend of $0.1400 (+12.0000% increase). It goes ex-dividend on 08-14-2018 and is payable on 09-01-2018. The Kroger Co. has 9 years of consecutive dividend increase.
| Price | $28.43 |
| Market Cap | $22.63 billion |
| Annualized Dividend | $0.5 |
| Yield | 1.759% |
| EPS(TTM) | $1.99 |
| Payout Ratio | 25.126% | 50-day moving average | $25.387 |
| 200-day moving average | $24.693 |
| P/E Ratio | 14.3 |
| 52 week range | $19.69 - $31.454 |
2-Year Dividend History
| DeclaredDate | Ex-DividendDate | RecordDate | PayableDate | Qualified | Amount |
|---|---|---|---|---|---|
| 2018-01-19 | 2018-02-14 | 2018-02-15 | 2018-03-01 | $0.125 | |
| 2017-09-14 | 2017-11-14 | 2017-11-15 | 2017-12-01 | $0.125 | |
| 2017-06-22 | 2017-08-11 | 2017-08-15 | 2017-09-01 | Q | $0.125 |
| 2017-03-09 | 2017-05-11 | 2017-05-15 | 2017-06-01 | Q | $0.12 |
| 2017-01-13 | 2017-02-13 | 2017-02-15 | 2017-03-01 | Q | $0.12 |
| 2016-09-15 | 2016-11-10 | 2016-11-15 | 2016-12-01 | Q | $0.12 |
| 2016-06-23 | 2016-08-11 | 2016-08-15 | 2016-09-01 | Q | $0.12 |
| 2016-03-10 | 2016-05-11 | 2016-05-13 | 2016-06-01 | Q | $0.105 |
Peer Comparison
| Ticker | Name | Dividend | Yield | EPS (TTM) | P/E | P/B | Price/Sales | Payout Ratio |
|---|---|---|---|---|---|---|---|---|
| KR | Kroger Company (The) | $0.5 | 1.759% | $1.99 | 14.3 | 3.33 | 0.186 | 25.126% |
| IMKTA | Ingles Markets Incorporated Class A Common Stock | $0.66 | 2.072% | $4.21 | 7.55 | 1.15 | 0.157 | 15.677% |
| WMT | Walmart Inc. | $2.08 | 2.423% | $4.35 | 19.69 | 3.39 | 0.512 | 47.816% |
| SFM | Sprouts Farmers Market Inc. | $0 | 0% | $1.18 | 18.7 | 4.53 | 0.609 | 0.0% |
Lindsay Corporation (LNN)
Industry: Farm & Construction Machinery
Sector: Industrials
Lindsay Corp designs, manufactures, and sells irrigation systems used in the agricultural industry. It also provides proprietary water management and road infrastructure products and services. The firm has Irrigation and Infrastructure reportable systems.
Lindsay Corporation has declared quarterly dividend of $0.3100 (+3.3330% increase). It goes ex-dividend on 08-16-2018 and is payable on 08-31-2018. Lindsay Corporation has 15 years of consecutive dividend increase.
| Price | $98.21 |
| Market Cap | $1.056 billion |
| Annualized Dividend | $1.24 |
| Yield | 1.263% |
| EPS(TTM) | $2.38 |
| Payout Ratio | 52.101% | 50-day moving average | $95.709 |
| 200-day moving average | $91.378 |
| P/E Ratio | 40.75 |
| 52 week range | $83.565 - $103.03 |
2-Year Dividend History
| DeclaredDate | Ex-DividendDate | RecordDate | PayableDate | Qualified | Amount |
|---|---|---|---|---|---|
| 2017-12-08 | 2018-02-13 | 2018-02-14 | 2018-02-28 | $0.3 | |
| 2017-10-12 | 2017-11-15 | 2017-11-16 | 2017-11-30 | $0.3 | |
| 2017-07-17 | 2017-08-15 | 2017-08-17 | 2017-08-31 | Q | $0.3 |
| 2017-04-28 | 2017-05-15 | 2017-05-17 | 2017-05-31 | Q | $0.29 |
| 2016-12-02 | 2017-02-10 | 2017-02-14 | 2017-02-28 | Q | $0.29 |
| 2016-09-23 | 2016-11-14 | 2016-11-16 | 2016-11-30 | Q | $0.29 |
| 2016-07-21 | 2016-08-15 | 2016-08-17 | 2016-08-31 | Q | $0.29 |
| 2016-05-02 | 2016-05-13 | 2016-05-17 | 2016-05-31 | Q | $0.28 |
Peer Comparison
| Ticker | Name | Dividend | Yield | EPS (TTM) | P/E | P/B | Price/Sales | Payout Ratio |
|---|---|---|---|---|---|---|---|---|
| LNN | Lindsay Corporation | $1.24 | 1.263% | $2.38 | 40.75 | 3.72 | 2.624 | 52.101% |
| ARTW | Art's-Way Manufacturing Co. Inc. | $0 | 0% | $0 | N/A | 0.78 | 0.705 | N/A |
| ALG | Alamo Group Inc. | $0.44 | 0.495% | $4.73 | 19.1 | 2.25 | 1.123 | 9.302% |
| AGCO | AGCO Corporation | $0.6 | 0.992% | $3.39 | 17.91 | 1.56 | 0.549 | 17.699% |
| DE | Deere & Company | $2.76 | 1.98% | $7.34 | 19.05 | 4.34 | 1.382 | 37.602% |
| TTC | Toro Company (The) | $0.8 | 1.334% | $2.48 | 24.29 | 10.03 | 2.461 | 32.258% |
Worthington Industries Inc. (WOR)
Industry: Steel
Sector: Basic Materials
Worthington Industries Inc is metals manufacturing company. Its products are pressure cylinders for liquefied petroleum gas, compressed natural gas, oxygen, cylinders, helium-filled balloon kits, steel and fiberglass tanks and processing equipment.
Worthington Industries, Inc. has declared quarterly dividend of $0.2300 (+9.5240% increase). It goes ex-dividend on 09-13-2018 and is payable on 09-28-2018. Worthington Industries, Inc. has 7 years of consecutive dividend increase.
| Price | $42.91 |
| Market Cap | $2.602 billion |
| Annualized Dividend | $0.92 |
| Yield | 2.144% |
| EPS(TTM) | $2.9 |
| Payout Ratio | 31.724% | 50-day moving average | $46.675 |
| 200-day moving average | $44.912 |
| P/E Ratio | 14.47 |
| 52 week range | $39.52 - $53.27 |
2-Year Dividend History
| DeclaredDate | Ex-DividendDate | RecordDate | PayableDate | Qualified | Amount |
|---|---|---|---|---|---|
| 2017-09-27 | 2017-12-14 | 2017-12-15 | 2017-12-29 | $0.21 | |
| 2017-06-28 | 2017-09-14 | 2017-09-15 | 2017-09-29 | Q | $0.21 |
| 2017-06-28 | 2017-09-12 | 2017-09-13 | 2017-09-29 | Q | $0.21 |
| 2017-03-29 | 2017-06-13 | 2017-06-15 | 2017-06-29 | Q | $0.2 |
| 2016-12-20 | 2017-03-13 | 2017-03-15 | 2017-03-29 | Q | $0.2 |
| 2016-09-28 | 2016-12-13 | 2016-12-15 | 2016-12-29 | Q | $0.2 |
| 2016-06-29 | 2016-09-13 | 2016-09-15 | 2016-09-29 | Q | $0.2 |
| 2016-03-23 | 2016-06-13 | 2016-06-15 | 2016-06-29 | Q | $0.19 |
Peer Comparison
| Ticker | Name | Dividend | Yield | EPS (TTM) | P/E | P/B | Price/Sales | Payout Ratio |
|---|---|---|---|---|---|---|---|---|
| WOR | Worthington Industries Inc. | $0.92 | 2.144% | $2.9 | 14.47 | 2.94 | 1.093 | 31.724% |
| SCHN | Schnitzer Steel Industries Inc. | $0.75 | 2.174% | $2.19 | 15.39 | 1.48 | 0.417 | 34.247% |
| STLD | Steel Dynamics Inc. | $0.75 | 1.634% | $2.79 | 16.47 | 3.11 | 1.104 | 26.882% |
| AKS | AK Steel Holding Corporation | $0 | 0% | $0.24 | 18.08 | 1.78 | 0.221 | 0.0% |
| RS | Reliance Steel & Aluminum Co. (DE) | $2 | 2.278% | $6.22 | 14.07 | 1.35 | 0.638 | 32.154% |
| CRS | Carpenter Technology Corporation | $0.72 | 1.371% | $1.66 | 31.67 | 1.78 | 1.193 | 43.373% |
| CMC | Commercial Metals Company | $0.48 | 2.264% | $0.96 | 21.99 | 1.71 | 0.521 | 50.0% |
| HSC | Harsco Corporation | $0 | 0% | $0.84 | 26.31 | 9.52 | 1.148 | 0.0% |
| NUE | Nucor Corporation | $1.52 | 2.424% | $3.61 | 17.31 | 2.23 | 0.948 | 42.105% |
| X | United States Steel Corporation | $0.2 | 0.577% | $3.07 | 11.32 | 1.77 | 0.481 | 6.515% |
| AA | Alcoa Corporation | $0 | 0% | $3.15 | 14.88 | 1.59 | 0.706 | 0.0% |
Note: Data provided for free by IEX
DG. Thanks for the summary. I don't own any of these, but WBA also announced a 10% increase this week. Tom
ReplyDeleteUnfortunately, I don't own any of those companies you mentioned, but there's always next week.
ReplyDelete