2 Of 11 Dividend Increases In June Expected To Be In The Double Digits

My regular followers know that I track the dividend increases of a variety of long-term dividend growth companies. Back at the end of April, I provided predictions for 15 dividend growth companies that have historically announced annual payout increases in May. Unfortunately, I missed one other company that also announced its annual dividend increases: furniture manufacturer Leggett & Platt (NYSE: LEG) announced a 6% increase in its dividend to an annualized $1.44. The company has a forward yield of 2.76%.
Before I give you my predictions for the dividend increases for June, let's take a look at how well I did with the predictions from May (you can see the article with the original predictions here).
Artesian Resources (Nasdaq: ARTNA)
Prediction: 1.0-2.0% increase to $0.9223-0.9315
Actual: 1.5% increase to $0.9268
Forward yield: 2.56%
The mid-Atlantic water utility increases dividends twice a year. With an increase of 1.5% announced in May, Artesian investors can expect a total increase around 3% in the company's 21st year of dividend growth.
Bunge Limited (NYSE: BG)
Prediction: 9.5-14.3% increase to $1.84-1.92
Actual: 9.5% increase to $1.84
Forward yield: 2.24%
Despite flat EPS growth, Bunge was able to meet my expectations for a dividend increase around the five-year growth average of 10%. This is the agribusiness' 16th straight year of dividend growth.
Cardinal Health (NYSE: CAH)
Prediction: 6.9-11.3% increase to... Read more