16 Dividend Increases: July 4-15, 2016

I monitor dividend increases for stocks on my watch list of dividend growth stocks to identify candidates for further analysis. Companies that regularly increase dividends show confidence in future earnings growth potential. In the past 2 weeks, 16 companies on my watch list declared dividend increases, including 3 of the stocks I own. The following table provides a summary of these increases.
The table is sorted by percentage increase, %Incr. Dividends are annualized and in US dollar, unless otherwise indicated. Yield is the new dividend yield for the market close Price on the date listed. Yrs are years of consecutive dividend increases, while 5-yr DGR is the compound annual growth rate of the dividend over a 5-year period. 1-yr %Incr is the percentage increase from the year-ago dividend. (Some companies increase their dividends more than once a year, so this puts the most recent dividend increase in context).
Summary of Dividend Increases: July 4-15, 2016 Previous Post: 6 Dividend Increases: June 13-July 1, 2016
• J.M. Smucker Co. (NYSE: SJM) SJM manufactures and markets branded food products primarily in North America. With projected annual net sales of approximately $8 billion, the company provides various consumer food and beverage products as well as pet food and pet snacks to retailers, wholesalers, specialty stores, and food distributors. SJM was founded in 1897 and is headquartered in Orrville, Ohio. On Wednesday, July 13, the company increased its quarterly... Read more