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.
MGE Energy Inc. (MGEE)
Industry: Utilities - Regulated
Sector: Utilities
MGE Energy Inc is a public utility holding company. The company, through its subsidiaries, generates and distributes electricity and purchases and distributes natural gas.
MGE Energy Inc. has declared quarterly dividend of $0.3380 (+4.6440% increase). It goes ex-dividend on 08-30-2018 and is payable on 09-15-2018. MGE Energy Inc. has 42 years of consecutive dividend increase.
| Price | $65.8 |
| Market Cap | $2.283 billion |
| Annualized Dividend | $1.35 |
| Yield | 2.05% |
| EPS(TTM) | $2.33 |
| Payout Ratio | 57.94% | 50-day moving average | $63.753 |
| 200-day moving average | $59.78 |
| P/E Ratio | 28.26 |
| 52 week range | $51.05 - $68.1 |
Peer Comparison
| Ticker | Dividend | Yield | EPS (TTM) | P/E | Payout Ratio |
|---|---|---|---|---|---|
| MGEE | $1.35 | 2.05% | $2.33 | 28.26 | 57.94% |
| OTTR | $1.34 | 2.746% | $2.08 | 23.46 | 64.423% |
| DTE | $3.53 | 3.155% | $6.01 | 18.62 | 58.735% |
| LNT | $1.34 | 3.103% | $2.03 | 21.27 | 66.01% |
| AEE | $1.83 | 2.86% | $3.22 | 19.87 | 56.832% |
| AEP | $2.48 | 3.466% | $3.92 | 18.25 | 63.265% |
| CMS | $1.43 | 2.897% | $2.47 | 19.98 | 57.895% |
| ALE | $2.24 | 2.932% | $3.26 | 23.43 | 68.712% |
| WEC | $2.21 | 3.26% | $3.35 | 20.24 | 65.97% |
| XEL | $1.52 | 3.17% | $2.48 | 19.33 | 61.29% |
| XLU | $1.754 | 3.264% | $0 | N/A | N/A |
Westlake Chemical Corporation (WLK)
Industry: Chemicals
Sector: Basic Materials
Westlake Chemical Corp is a manufacturer and supplier of basic chemicals, vinyls, polymers and fabricated products that enhance the daily lives of people around the planet. It operates in two principal business segments, Olefins and Vinyls.
Westlake Chemical Corporation has declared quarterly dividend of $0.2500 (+19.0480% increase). It goes ex-dividend on 08-27-2018 and is payable on 09-12-2018. Westlake Chemical Corporation has 14 years of consecutive dividend increase.
| Price | $96.45 |
| Market Cap | $12.601 billion |
| Annualized Dividend | $1 |
| Yield | 1.029% |
| EPS(TTM) | $7.96 |
| Payout Ratio | 12.563% | 50-day moving average | $104.145 |
| 200-day moving average | $107.326 |
| P/E Ratio | 12.21 |
| 52 week range | $73.19 - $124.295 |
Peer Comparison
| Ticker | Dividend | Yield | EPS (TTM) | P/E | Payout Ratio |
|---|---|---|---|---|---|
| WLK | $1 | 1.029% | $7.96 | 12.21 | 12.563% |
| EMN | $2.24 | 2.263% | $8.26 | 11.98 | 27.119% |
| ALB | $1.34 | 1.396% | $5.08 | 18.9 | 26.378% |
| XOM | $3.28 | 4.12% | $3.82 | 20.84 | 85.864% |
| HON | $2.98 | 1.892% | $7.67 | 20.54 | 38.853% |
| OLN | $0.8 | 2.606% | $1.39 | 22.09 | 57.554% |
| POL | $0.7 | 1.627% | $2.38 | 18.08 | 29.412% |
| HUN | $0.65 | 2.031% | $3.4 | 9.41 | 19.118% |
| CE | $2.16 | 1.86% | $9.6 | 12.1 | 22.5% |
| DWDP | $1.52 | 2.196% | $3.87 | 17.88 | 39.276% |
Stock Yards Bancorp Inc. (SYBT)
Industry: Banks
Sector: Financial Services
Stock Yards Bancorp Inc is the holding company. Its services include loan and deposit services, cash management services, securities brokerage activities, mortgage origination and wealth management and trust activities.
Stock Yards Bancorp Inc. has declared quarterly dividend of $0.2500 (+8.6960% increase). It goes ex-dividend on 09-14-2018 and is payable on 10-01-2018. Stock Yards Bancorp Inc. has 6 years of consecutive dividend increase.
| Price | $38.65 |
| Market Cap | $0.88 billion |
| Annualized Dividend | $1 |
| Yield | 2.584% |
| EPS(TTM) | $2.15 |
| Payout Ratio | 46.512% | 50-day moving average | $38.666 |
| 200-day moving average | $37.503 |
| P/E Ratio | 18 |
| 52 week range | $31.9 - $41.9 |
Peer Comparison
| Ticker | Dividend | Yield | EPS (TTM) | P/E | Payout Ratio |
|---|---|---|---|---|---|
| SYBT | $1 | 2.584% | $2.15 | 18 | 46.512% |
| CTBI | $1.44 | 2.897% | $3.21 | 15.48 | 44.86% |
| CZFC | $0.28 | 1.069% | $0 | N/A | N/A |
| RNST | $0.8 | 1.694% | $2.71 | 17.42 | 29.52% |
| BXS | $0.68 | 1.971% | $1.95 | 17.69 | 34.872% |
| PFBX | $0.02 | 0.154% | $-0.07 | -185.71 | N/A |
Altria Group Inc. (MO)
Industry: Tobacco Products
Sector: Consumer Defensive
Altria Group Inc along with its subsidiaries is engaged in the manufacture and sale of cigarettes, machine-made large cigars, pipe tobacco, smokeless tobacco products and wine.
Altria Group Inc. has declared quarterly dividend of $0.8000 (+14.2860% increase). It goes ex-dividend on 09-13-2018 and is payable on 10-10-2018. Altria Group Inc. has 8 years of consecutive dividend increase.
| Price | $59.82 |
| Market Cap | $110.811 billion |
| Annualized Dividend | $3.2 |
| Yield | 5.444% |
| EPS(TTM) | $3.77 |
| Payout Ratio | 84.881% | 50-day moving average | $58.175 |
| 200-day moving average | $61.549 |
| P/E Ratio | 15.59 |
| 52 week range | $53.91 - $74.38 |
Peer Comparison
| Ticker | Dividend | Yield | EPS (TTM) | P/E | Payout Ratio |
|---|---|---|---|---|---|
| MO | $3.2 | 5.444% | $3.77 | 15.59 | 84.881% |
| BTI | $2.717 | 5.403% | $0 | N/A | N/A |
| VGR | $1.6 | 10.114% | $0.48 | 32.96 | 333.333% |
| PM | $4.56 | 5.722% | $4.99 | 15.97 | 91.383% |
| XXII | $0 | 0% | $-0.07 | -35.71 | N/A |
C&F Financial Corporation (CFFI)
Industry: Banks
Sector: Financial Services
C&F Financial Corp through its subsidiaries offers banking and related financial services to both individuals and businesses. It operates in three business activities: Retail Banking, Mortgage Banking and Consumer Finance.
C&F Financial Corporation has declared quarterly dividend of $0.3600 (+5.8820% increase). It goes ex-dividend on 09-13-2018 and is payable on 10-01-2018. C&F Financial Corporation has 6 years of consecutive dividend increase.
| Price | $65 |
| Market Cap | $0.231 billion |
| Annualized Dividend | $1.44 |
| Yield | 2.182% |
| EPS(TTM) | $0 |
| Payout Ratio | N/A | 50-day moving average | $62.774 |
| 200-day moving average | $57.66 |
| P/E Ratio | N/A |
| 52 week range | $45.275 - $67.4 |
Peer Comparison
| Ticker | Dividend | Yield | EPS (TTM) | P/E | Payout Ratio |
|---|---|---|---|---|---|
| CFFI | $1.44 | 2.182% | $0 | N/A | N/A |
| CCNE | $0.68 | 2.144% | $1.91 | 16.61 | 35.602% |
| IBKC | $1.56 | 1.814% | $5.41 | 15.9 | 28.835% |
| ABCB | $0.4 | 0.802% | $2.73 | 18.26 | 14.652% |
| COF | $1.6 | 1.609% | $9.91 | 10.04 | 16.145% |
| BBT | $1.62 | 3.133% | $3.6 | 14.36 | 45.0% |
| MTB | $4 | 2.269% | $11.13 | 15.84 | 35.939% |
| PNC | $3.8 | 2.659% | $9.6 | 14.89 | 39.583% |
| WFC | $1.72 | 2.931% | $4.21 | 13.94 | 40.855% |
| FUSB | $0.08 | 0.714% | $0 | N/A | N/A |
Note: Data provided for free by IEX
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