I review the list of dividend increases as part of my monitoring process. This exercise helps me monitor existing holdings and uncover candidates for further research. Monitoring dividend increases is one of the inputs I use to evaluate companies.
Brady Corporation (BRC) manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. It operates through two segments, IDS and WPS.
The company increased quarterly dividends by 2.20% to $0.235/share. This was the 38th consecutive annual increase in dividends for this dividend champion.
Brady Corporation lost $0.89/share in 2014, but then managed to grow out of the whole to $3.51/share in 2023.
The company is expected to earn $4.06/share in 2023.
The stock sells for 13.60 times forward earnings and yields 1.71%.
New Jersey Resources Corporation (NJR) provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation.
The company raised its quarterly dividend by 7.70% to $0.42/share. This is the 28th consecutive year of annual dividend increases for this dividend champion.
Between 2013 and 2022, the company managed to grow earnings from $1.38/share to $2.86/share.
The company is expected to earn $2.69/share in 2023.
The stock sells for 15.70 times forward earnings and yields 3.70%.
Verizon Communications Inc. (VZ) provides communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).
The company raised quarterly dividends by 1.90% to $0.665/share. This is the 17th consecutive year Verizon’s Board has approved a quarterly dividend increase. The company is a dividend achiever.
Verizon managed to grow earnings per share from $4.01/share to $5.06/share between 2013 and 2022
The company is expected to earn $4.72/share in 2023.
The stock sells for 7.16 times forward earnings and yields 7.72%.
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