18 Dividend Increases: October 24-28, 2016

One way to identify dividend growth stocks for further analysis is to monitor dividend increases. Companies can only raise their dividends regularly if earnings grow sufficiently. In the past week, 18 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 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: October 24-28, 2016 Previous Post: 15 Dividend Increases: October 17-21, 2016
• Investors Bancorp (Nasdaq: ISBC) Founded in 1926 and headquartered in Short Hills, New Jersey, ISBC is the holding company for Investors Bank. The company provides community banking products and services to individuals and businesses primarily in New Jersey and New York. ISBC offers traditional deposit products and a loan portfolio consisting of consumer loans, mortgage loans, and commercial and industrial construction and real estate loans. The company increased its quarterly dividend by 33.33%, from... Read more