I review the list of dividend increases every week, as part of my portfolio monitoring process. I leverage several of my dividend investing resources for this effort.
I started by reviewing the list of all dividend increases for the week. There were 45 of them. I then narrowed the list down to the companies that have managed to boost dividends for at least ten years in a row. I also focused on companies that had a meaningful combination of yield and dividend growth.
The companies for this week’s review include:
Company |
Symbol |
New Dividend |
Old Dividend |
Raise |
Years Annual Dividend Increases |
Ten Year Annualized Dividend
Growth |
Forward P/E |
Dividend Yield |
CubeSmart |
CUBE |
$0.43 |
$0.34 |
26.5% |
12 |
29.44% |
26.01 |
3.21% |
Neenah, Inc. |
NP |
$0.475 |
$0.47 |
1.06% |
11 |
16.74% |
20.68 |
3.45% |
Northeast Indiana Bancorp, Inc. |
NIDB |
$0.30 |
$0.28 |
7.14% |
27 |
4.75% |
7.66 |
2.61% |
Fidelity National Financial, Inc. |
FNF |
$0.44 |
$0.40 |
10% |
11 |
11.72% |
6.92 |
3.53% |
Lincoln National Corporation |
LNC |
$0.45 |
$0.42 |
7.14% |
12 |
44.61% |
8.09 |
2.48% |
Becton, Dickinson and Company |
BDX |
$0.87 |
$0.83 |
4.82% |
50 |
8.02% |
12.43 |
1.43% |
AmerisourceBergen Corporation |
ABC |
$0.460 |
$0.44 |
4.55% |
17 |
17.46% |
12.03 |
1.44% |
Microchip Technology Incorporated |
MCHP |
0.232 |
0.2185 |
6.18% |
21 |
0.71% |
19.71 |
2.35% |
Snap-on Incorporated |
SNA |
$1.42 |
$1.23 |
15.5% |
12 |
13.87% |
14.7 |
2.68% |
Pinnacle West Capital Corporation |
PNW |
$0.85 |
$0.83 |
2.41% |
10 |
4.23% |
12.95 |
5.27% |
This is a list of companies for further review. Most seem attractive as businesses, but that doesn’t mean that they should be invested in at any price, regardless of valuation.
Relevant Articles:
- Twelve Companies Rewarding Shareholders With Regular Dividend Increases
- Five Dividend Growth Stocks Delivering Raises To Shareholders
- Six Dividend Growth Stocks Rewarding Shareholders With Raises
- Five Dividend Growth Stocks In the News
- A Busy Week for Dividend Increases