Predictions For 14 Dividend Growth Companies Announcing Increases In October

As part of my research into dividend growth stocks, I track the dividend payouts for the components of the S&P High Yield Dividend Aristocrats index. This index consists of stocks that are part of the S&P 1500 index - that's the combination of the S&P 500, S&P Mid Cap 400 and the S&P Small Cap 600 indices - that have increased their regular dividends each year for the last 20 years.
Beginning this month, I'll add in predictions for other stocks with a long history of dividend growth. Look for those predictions towards the bottom of the article.
I expect 8 members of the S&P High Yield Dividend Aristocrat index to announce dividend increases in October. In addition, 7 other dividend growth companies that I track should announce their dividend increase. Before I give you my predictions for October's increases, let's take a look at how well I did with my September predictions.
September was slow for dividend growth investors, with only 3 members of the High Yield Dividend Aristocrats index announcing their annual dividend increase. I had provided predictions for those stocks in last month's article, and carried forward my prediction for West Pharmaceutical Services from July.
Predictions from September
CLARCOR, Inc. (NYSE: CLC)
Prediction: 6.8 - 11.4% increase to $0.94 - $0.98
Actual: 13.6% increase to $1.00
Forward yield: 1.54%
With flat earnings growth, I had expected dividend growth to slow. And while this... Read more