A long track record of annual dividend increases is a good quick gauge of a company quality.
However, this simply puts a company on my radar. I do review each company, and its valuation, before deciding if I should initiate a position, hold a position or discard the idea.
I have various processes to identify companies for further research and monitor them.
Revieweing the list of dividend increases is one such process.
I review the list of dividend increases every week, in an effort to monitor existing positions and potentially identify companies for further research.
Broadridge Financial Solutions, Inc. (BR) provides investor communications and technology-driven solutions for the financial services industry.
The company increased quarterly dividends by 10% to $0.88/share. The Company's annual dividend has increased for the 18th consecutive year since becoming a public company in 2007. Over the past decade, the company has managed to grow dividends at an annualized rate of 14.77%.
Between 2015 and 2024, the company managed to grow earnings from $2.39/share to $5.93/share.
This dividend achiever is expected to earn $8.52/share in 2025.
The stock sells for 25.20 times forward earnings and yields 1.64%.
C.H. Robinson Worldwide, Inc. (CHRW) provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding.
The company eked out a small 1 cent increase in the quarterly dividend to $0.62/share. This is the 26th consecutive year of annual dividend increases for this dividend aristocrat.
Earnings per share went from $3.06 in 2014 to $2.74 in 2023.
The company is expected to earn $4.14/sharei n 2025.
The stock sells at 23.80 times forward earnings and yields 2.52%.
Cogent Communications Holdings, Inc. (CCOI) provides high-speed Internet access, private network, and data center colocation space services in North America, Europe, Oceania, South America, and Africa.
The company raised quarterly dividends by 1% to $0.985/share. The company tends to raise dividends every quarter. Hence the new dividend is actually 4.23% higher than the dividend paid during the same time last year. The company has increased dividends regularly since initiating them in 2012.
It has a 5 year annualized dividend growth rate of 12.14% and a 10 year annualized dividend growth rate of 17.34%.
I do not understand this company, nor do I understand how it is able to pay this dividend from earnings and cashflows.
The stock sells at a P/E of 75 and yields 5.51%.
J&J Snack Foods Corp. (JJSF) manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages.
The company raised its quarterly dividend by 6.10% to $0.78/share. This is the 19th year of consecutive annual dividend increases for this dividend achiever.
Between 2014 and 2023, the company grew earnings from $3.85/share to only $4.10/share.
The company is expected to earn $5.19/share in 2025.
The stock sells for 32.50 times forward earnings and yields 1.85%,
Primerica, Inc. (PRI) provides financial products and services to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.
The company raised quarterly dividends by 20% to $0.90/share. This is the 14th consecutive annual dividend increase for this dividend achiever. Over the past decade, the company has managed to grow dividends at an annualized rate of 19.45%.
Between 2014 and 2023, the company grew earnings per share from $3.29 to $15.97.
The company is expected to earn $17.83/share in 2024.
The stock sells for 14.27 times forward earnings and yields 1.42%.
RB Global, Inc. (RBA) is an omnichannel marketplace, which provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide.
The company raised its quarterly dividend by 7.40% to $0.29/share. This was the 21st year of consecutive annual dividend increases for this dividend achiever. Over the past decade, the company managed to grow dividends at an annualized rate of 7.90%.
The company has managed to grow earnings from $0.85/share in 2014 to $1.05/share in 2023.
The compamy is expected to earn $3.29/share in 2024.
The stock sells for 24 times forward earnings and yields 1.48%.
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