Last week, there were nine companies that raised dividends in the US. Only two of those companies have managed to raise dividends for at least a decade however. The week before that, there were seven companies that raised dividends last week in the US. None of them have raised dividends for at least 5 years in a row however.
That's consistent with prior years however.
The companies that raised dividends last week that also have managed to raise dividends for at least a decade include:
Bank OZK (OZK) operates as a full-service Arkansas state-chartered bank that provides retail and commercial banking services in the United States.
The bank raised quarterly dividends by 2.40% to $0.43/share. This is a 10.26% increase over the dividend paid during the same time last year. This is due to the fact that the company raises dividends every quarter. This dividend aristocrat has raised dividends for 29 years in a row. It has a ten year annualized dividend growth rate of 12.90%.
Between 2015 and 2024, the company grew earnings from $2.10/share to $6.16/share.
The company is expected to earn $5.94/share in 2025.
The stock sells for 6.40 times forward earnings and yields 4.50%.
Trinity Bank, N.A. (TYBT) provides personal and business banking products and services in Texas.
The bank raised semi-annual dividends by 2.20% to $0.95/share. This is the 13th year of consecutive annual dividend increases for this dividend contender. Over the past decade, the company has managed to grow dividends at an annualized rate of 10.80%.
The company has managed to increase earnings from $2.91/share in 2014 to $7.36/share in 2023.
The stock sells for 11.40 times earnings and yields 2.23%.
As far as the rest of April, I expect that the following notable and consistent dividend growth payers to announce an increase to their quarterly dividends:
Ameriprise Financial (AMP) - I expect a ten cent raise in the quarterly dividned to $1.58/share. This will be the the 21st consecutive annual dividend increase for this dividend achiever.
Johnson & Johnson (JNJ) - I expect a 4 cent raise in the quarterly dividend to $1.28/share. This will be the 63rd consecutive annual dividend increase for this dividend king.
Costco (COST) - I expect a 13 cent raise in the quarterly dividend to $1.29/share. This will be the the 21st consecutive annual dividend increase for this dividend achiever.
Procter & Gamble (PG) - I expect a 5 cent raise in the quarterly dividend to $1.06/share. This will be the 69th consecutive annual dividend increase for this dividend king.
Traveler's (TRV) - I expect a 5 cent raise in the quarterly dividend to $1.10/share. This will be the the 21st consecutive annual dividend increase for this dividend achiever.
I came up with these estimates by lookiing at near term trends in earnings, the payout ratios and the latest trends in the dividend payments. My crystal ball is cloudy.
Thank you for reading!
