I review the list of dividend increases every week, as part of my review process. I focus my attention on companies that raised dividends in the current week, and have at least a ten-year track record of annual dividend increases.
Only a company with a strong cash flow generating business can afford to grow dividends for a long period of time. Therefore, a business growing dividends for at least a decade is worth looking at for further research.
There were nine companies that fit the criteria. You can view the five companies in the table below:
|
Name |
Ticker |
New |
Old |
Increase |
Streak |
P/E |
Yield |
5 year Dividend Growth |
|
Agilent Technologies |
A |
0.225 |
0.21 |
7.14% |
12 |
28.82 |
0.62% |
11.02% |
|
Brown-Forman |
BF.B |
0.2055 |
0.1885 |
9.02% |
39 |
35.66 |
1.18% |
5.70% |
|
C.H. Robinson |
CHRW |
0.61 |
0.55 |
10.91% |
25 |
12.19 |
2.51% |
3.23% |
|
DTE Energy |
DTE |
0.9525 |
0.885 |
7.63% |
14 |
19.03 |
3.32% |
7.10% |
|
Griffon |
GFF |
0.1 |
0.09 |
11.11% |
12 |
9.94 |
1.11% |
9.46% |
|
KeyCorp |
KEY |
0.205 |
0.195 |
5.13% |
12 |
8.72 |
4.41% |
17.84% |
|
Matthews |
MATW |
0.23 |
0.22 |
4.55% |
29 |
9.87 |
3.07% |
6.89% |
|
MDU Resources |
MDU |
0.2225 |
0.2175 |
2.30% |
32 |
16.92 |
2.91% |
2.53% |
|
Motorola Solutions |
MSI |
0.88 |
0.79 |
11.39% |
13 |
25.77 |
1.34% |
11.61% |
|
Nike |
NKE |
0.34 |
0.305 |
11.48% |
21 |
35.69 |
1.29% |
12.04% |
|
Royal Gold |
RGLD |
0.375 |
0.35 |
7.14% |
22 |
31.52 |
1.42% |
5.46% |
|
WesBanco |
WSBC |
0.35 |
0.34 |
2.94% |
13 |
13.05 |
3.52% |
6.64% |
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.
This would likely be the last post for me this week. I will look forward to the Thanksgiving raises from Hormel Foods, McCormick, York Water Company, South Jersey Industries and Hingham Institution for Savings.
Relevant Articles:
- Nine Companies Rewarding Shareholders With Raises
- Twenty Dividend Growth Stocks Raising Dividends Last Week
- 13 Dividend Growth Stocks Rewarding Owners With A Raise