13 Dividend Increases: August 1-5, 2016

Monitoring dividend increases for stocks on my watch is one way to identify candidates for further analysis. Companies that regularly raise dividends show confidence in the potential growth of future earnings. In the past week, 13 companies on my watch list announced dividend increases, including 2 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$, unless otherwise indicated. Yield is the new dividend yield for the market close Price on the date listed. Yrs is 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: August 1-5, 2016 Previous Post: 21 Dividend Increases: July 25-29, 2016
• Illinois Tool Works (NYSE: ITW) Founded in 1912 and headquartered in Glenview, Illinois, ITW manufactures and sells industrial products and equipment worldwide. The company operates approximately 90 divisions in 57 countries. In 2014, revenues totaled $14.5 billion. ITW distributes its products directly to industrial manufacturers, as well as through independent distributors. On Friday, August 5, ITW increased its quarterly dividend to 65¢ per share, an increase of 18.18%.... Read more