I have tracked dividend increases on this site for over a decade, almost every single week. I use a process to compile dividend increases for the week from multiple sources, and then narrow it down to the group of companies that have managed to increase dividends for at least ten years in a row.
I do this exercise as part of my monitoring process. It is helpful to see how companies I own or am interested in are performing. It is also a helpful process
Last week was the busiest week for dividend increases since I started doing this in 2008 - 2009. There were 83 dividend increases last week. This means that there were 83 companies announcing a dividend increase, which shows that these companies are optimistic about near-term business prospects and the economy.
This is also just a notch higher than the record number of dividend increases I saw just before Covid-19 hit the world and its economy.
I narrowed the list down to the companies that have managed to increase dividends for at least 10 years in a row. There were 34 companies that fit this characteristic. You can view the table with some information about each company, including track record of dividend increases, old and new dividend.
|
Company |
Ticker |
New Dividend |
Old Dividend |
Increase |
Years Dividend Increases |
P/E |
Dividend Yield |
10 year Annualized Dividend Growth |
|
Archer-Daniels-Midland Company |
ADM |
0.4 |
0.37 |
8.11% |
47 |
14.5 |
2.11% |
8.49% |
|
Applied Industrial Technologies, Inc. |
AIT |
0.34 |
0.33 |
3.03% |
13 |
18.38 |
1.36% |
5.96% |
|
Arthur J. Gallagher & Co. |
AJG |
0.51 |
0.48 |
6.25% |
12 |
24.76 |
1.32% |
3.82% |
|
Anthem, Inc. |
ANTM |
1.28 |
1.13 |
13.27% |
12 |
15.28 |
1.16% |
16.28% |
|
Arrow Financial Corporation |
AROW |
0.27 |
0.26 |
3.85% |
29 |
12.51 |
3.09% |
3.00% |
|
Booz Allen Hamilton Holding Corporation |
BAH |
0.43 |
0.37 |
16.22% |
11 |
19.3 |
2.29% |
19.79% |
|
Cambridge Bancorp |
CATC |
0.64 |
0.61 |
4.92% |
24 |
12 |
2.87% |
5.30% |
|
Church & Dwight Co., Inc. |
CHD |
0.2625 |
0.2525 |
3.96% |
26 |
33.11 |
1.02% |
11.50% |
|
Cincinnati Financial Corporation |
CINF |
0.69 |
0.63 |
9.52% |
62 |
19.59 |
2.35% |
4.51% |
|
Comcast Corporation |
CMCSA |
0.27 |
0.25 |
8.00% |
15 |
12.91 |
2.17% |
16.31% |
|
CMS Energy Corporation |
CMS |
0.46 |
0.43 |
6.98% |
16 |
23.86 |
2.88% |
7.55% |
|
Canadian National Railway Company |
CNI |
0.7325 |
0.615 |
19.11% |
26 |
21.6 |
1.91% |
11.59% |
|
Chesapeake Financial Shares, Inc. |
CPKF |
0.14 |
0.13 |
7.69% |
29 |
9.37 |
1.88% |
6.79% |
|
Chevron Corporation |
CVX |
1.42 |
1.34 |
5.97% |
35 |
15.79 |
4.35% |
5.56% |
|
California Water Service Group |
CWT |
0.25 |
0.23 |
8.70% |
55 |
29.91 |
1.64% |
4.11% |
|
Equity LifeStyle Properties, Inc. |
ELS |
0.41 |
0.3625 |
13.10% |
18 |
27.15 |
2.12% |
14.91% |
|
Franklin Electric Co., Inc. |
FELE |
0.195 |
0.175 |
11.43% |
30 |
27.88 |
0.91% |
10.10% |
|
Franco-Nevada Corporation |
FNV |
0.32 |
0.3 |
6.67% |
15 |
36.24 |
1.00% |
11.48% |
|
GATX Corporation |
GATX |
0.52 |
0.5 |
4.00% |
12 |
18.03 |
1.98% |
5.60% |
|
Kimberly-Clark Corporation |
KMB |
1.16 |
1.14 |
1.75% |
50 |
22.72 |
3.34% |
5.28% |
|
MarketAxess Holdings Inc. |
MKTX |
0.7 |
0.66 |
6.06% |
14 |
43.92 |
0.84% |
22.05% |
|
NiSource Inc. |
NI |
0.235 |
0.22 |
6.82% |
11 |
20.63 |
3.21% |
9.30% |
|
Nexstar Media Group, Inc. |
NXST |
0.9 |
0.7 |
28.57% |
10 |
8.8 |
2.22% |
23.87% |
|
Premier Financial Corp. |
PFC |
0.3 |
0.28 |
7.14% |
12 |
10.03 |
4.14% |
45.32% |
|
Polaris Inc. |
PII |
0.64 |
0.63 |
1.59% |
27 |
10.72 |
2.28% |
10.84% |
|
Republic Bancorp, Inc. |
RBCAA |
0.341 |
0.308 |
10.71% |
24 |
11.68 |
2.77% |
7.18% |
|
Sandy Spring Bancorp, Inc. |
SASR |
0.34 |
0.32 |
6.25% |
12 |
12.19 |
2.90% |
14.18% |
|
Simmons First National Corporation |
SFNC |
0.19 |
0.18 |
5.56% |
11 |
13.54 |
2.67% |
6.17% |
|
SJW Group |
SJW |
0.36 |
0.34 |
5.88% |
54 |
35.36 |
2.10% |
7.02% |
|
Truxton Corporation |
TRUX |
0.34 |
0.3 |
13.33% |
10 |
14.52 |
1.94% |
10.75% |
|
Tractor Supply Company |
TSCO |
0.92 |
0.52 |
76.92% |
13 |
23.33 |
1.71% |
25.48% |
|
Westamerica Bancorporation |
WABC |
0.42 |
0.41 |
2.44% |
31 |
18.07 |
2.91% |
1.30% |
|
Washington Federal, Inc. |
WAFD |
0.24 |
0.23 |
4.35% |
12 |
11.95 |
2.75% |
14.38% |
|
West Bancorporation, Inc. |
WTBA |
0.25 |
0.24 |
4.17% |
12 |
10.6 |
3.42% |
15.63% |
Another company that raised dividends was Diageo (DEO). It raised interim dividends by 5% to 29.36 pence/share. It is yet to be seen if the Final Dividend would be raised or not. Diageo has increased dividends annually since 1998.
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