I review the list of dividend increases each month, as part of my monitoring process. As part of this review, I tend to focus attention on companies that have managed to grow dividends for at least a decade.
This review helps me monitor existing positions, and potentially uncover hidden gems for further research. This is a very repetitive and somehow confusing process for a lot of readers, despite the fact that I've been doing it publicly for 14 years here.
It is just one aspect of Dividend Growth Investing, but it serves as a reminder that it does take time to identify companies for research, researching them and monitoring them.
I do monitor the list of dividend increases, but I also monitor the dividend growth universe in various ways. Screening using some parameters helps, along with familiarizing myself with as many businesses as possible, and determining the value at which
Cboe Global Markets, Inc. (CBOE) operates as an options exchange worldwide. It operates through five segments: Options, North American Equities, Futures, Europe and Asia Pacific, and Global FX.
The company raised quarterly dividends by 4.20% to $0.50/share. This is the 12th consecutive year that CBOE has increased its dividend. Over the past decade, the company has managed to grow dividends at an annualized rate of 15.10%.
The stock is selling at 19.27 times forward earnings and yields 1.55%. I dislike the slowdown in the pace of dividend growth for CBOE, especially in comparison with the rate of growth from the past decade.
American Financial Group, Inc. (AFG) is an insurance holding company, provides specialty property and casualty insurance products in the United States.
The company raised its quarterly dividend by 12.50% to $0.63/share. This is the 17th year of annual dividend increases for this dividend achiever. Over the past decade, the company has managed to grow dividends at an annualized rate of 12%.
The stock is selling at 11.72 times forward earnings and yields 1.66%. This looks like an interesting company for further research on my end.
C&F Financial Corporation (CFFI) operates as a bank holding company for Citizens and Farmers Bank that provides banking services to individuals and businesses.
C&F Financial raised its quarterly dividend by 5% to $0.42/share. This is the 11th year of annual dividend increases for this dividend contender. Over the past decade, the company has managed to grow dividends at an annualized rate of 4.50%.
The stock sells for 6.85 times earnings and yields 3.18%. The slow rate of dividend growth does not really excite me about this stock. Perhaps the valuation is warranted.
Stock Yards Bancorp, Inc. (SYBT) operates as a holding company for Stock Yards Bank & Trust Company that provides various financial services for individuals, corporations, and others in the United States. It operates in two segments, Commercial Banking, and WM&T.
Stock Yards Bancorp raised its quarterly dividend by 3.60% to $0.29/share. This is the 13th consecutive year of annual dividend increases for this dividend contender. Over the past decade, the company has managed to grow dividends at an annualized rate of 8.60%.
The stock sells for 19.64 times forward earnings and yields 1.59%. The slow pace of dividend increases does not excite me, especially when coupled with a low yield today.
Evans Bancorp, Inc. (EVBN) primarily operates as the financial holding company for Evans Bank, N.A. that provides a range of banking products and services to consumer and commercial customers in Western New York and the Finger Lakes Region of New York State. It operates in two segments, Banking Activities and Insurance Agency Activities.
The company raised its semi-annual dividend by 3.20% to $0.64/share. This is the eleventh 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 11.60%.
The stock sells for 9.35 times forward earnings and yields 3.23%. The slow rate of dividend growth does not really excite me about this stock. Perhaps the valuation is warranted.
Relevant Articles:
- Six Dividend Growth Stocks Rewarding Shareholders With a Raise
- Twelve Companies Committed to Returning More Profits to Shareholders
- 15 Dividend Paying Companies Raising Dividends Last Week
- Nine Dividend Growth Stocks Rewarding Shareholders With a Raise