I review the list of dividend increases every week as part of my monitoring process.
Dividend increases provide signaling value to me in my process of evaluating dividend growth companies. I believe it is an important tool in my toolset.
This exercise also helps me quickly review and scan large quantities of companies in order to narrow down the list to the most desirable candidates for further research.
I typically focus my attention on companeis that have managed to increase dividends for at least a decade.
Last week, there were 23 companies that increased dividends in the US. Six of them have managed to increase dividends for at least a decade. The companies include:
DICK'S Sporting Goods, Inc. (DKS) operates as an omni-channel sporting goods retailer primarily in the United States.
The company raised quarterly dividends by 10.20% to $1.2125/share. This is the 11th consecutive annual dividend increase for this dividend achiever. Over the past decade, the company has managed to grow dividends at an annualized rate of 24.30%.
The company managed to grow earnings from $2.87/share in 2015 to $14.48/share in 2024.
The company is expected to earn $14.47/share in 2025.
The stock is selling for 12.90 times forward earnings and yields 2.49%.
Oracle Corporation (ORCL) offers products and services that address enterprise information technology environments worldwide.
The company increased quarterly dividends by 25% to $0.50/share. This is the 12th consecutive annual dividend increase for this dividend achiever. Over the past decade, Oracle has managed to increase dividends at an annualized rate of 12.79%.
Note that Oracle does not raise dividends every year, but nevertheless it's annual dividend has been increasing for 12 years in a row. Also note that the company seems like it cut dividends in 2013, but that's not the case. There was expectation for a tax hike on dividends in 2013, which is why a lot of good companies ended up pre-paying 2013 dividends in 2012.
The company managed to grow earnings from $2.26/share in 2015 to $3.81/share in 2024.
The company is expected to earn $6/share in 2025.
The stock is selling for 24.60 times forward earnings and yields 1.35%.
Realty Income (O) is a real estate investment trust which invests in diversified commercial real estate. It has a portfolio of 15,450 properties in all 50 US states, the UK and six other countries in Europe.
Realty Income raised monthly dividends to $0.2685/share, which is a 4.47% increase over the dividend paid during the same time last year. Note that Realty Income raises dividends several times per year. This new dividend is 0.20% higher than the previous dividend they paid, but a cool 4.47% increase over the dividend paid during the same time last year.
Realty Income is a dividend aristocrat which has increased annual dividends since 1994. Over the past decade, the company has managed to grow dividends at an annualized rate of 3.60%.
Between 2015 and 2024, Realty Income managed to growth FFO from $2.77/share to $4.02/share.
Realty Income is expected to generate $4.31/share in FFO in 2025.
The stock sells for 12.96 times forward earnings and yields 5.68%.SpartanNash Company (SPTN) distributes and retails grocery products in the United States of America. It operates through two segments, Wholesale and Retail.
The company raised quarterly dividends by 1.15% to $0.22/share. This is the 15th consecutive annual dividend increase for this dividend achiever. Over the past decade, the company has managed to grow dividends at an annualized rate of 6.10%.
The company is expected to earn $1.76/share in 2025. In comparison, it earned $1.67/share in 2015.
The stock is selling for 11.30 times forward earnings and yields 4.38%.
TE Connectivity plc (TEL) manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the Asia–Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
The company increased quarterly dividends by 9.20% to $0.71/share. This is the 15th consecutive annual dividend increase for this dividend achiever. Over the past decade, the company has managed to grow dividends at an annualized rate of 8.50%.
The company managed to grow earnings from $5.98/share in 2015 to $10.40/share in 2024.
The company is expected to earn $8.08/share in 2025.
The stock sells for 17.47 times forward earnings and yields 1.95%.
UDR, Inc. (UDR) is a multifamily real estate investment trust that focuses on managing, buying, selling, developing and redeveloping attractive real estate properties in targeted U.S. markets.
The REIT raised quarterly dividends by 2.38% to $0.43/share. This is the 15th consecutive annual dividend increase for this dividend achiever. Over the past decade, the company has managed to grow dividends at an annualized rate of 5.26%.
UDR managed to grow FFO from $1.68/share in 2015 to $2.30/share in 2024.
This REIT is expected generate $2.51/share in FFO in 2025.
The stock sells for 16.96 times forward FFO and yields 3.97%.
Relevant Articles:
- Five Dividend Growth Stocks Raising Dividends Last Week
