10 Dividend Increases: July 10-14, 2017

I like monitoring dividend increases for stocks on my watch list of dividend growth stocks because I consider such stocks to be candidates for further analysis. Companies that regularly increase dividends show confidence in the potential growth of future earnings. Recently, 10 companies on my watch list announced dividend increases, including 3 of the stocks I hold in my portfolio. The table below presents a summary of these increases.
The table is sorted by the 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: July 10-14, 2017

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• Paychex Inc. (PAYX)
Founded in 1979 and headquartered in Rochester, New York, PAYX provides payroll, human resource, insurance, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany. Additionally, the company offers accounting and finance services, including Paychex Accounting Online, Paychex Payment Processing Services, and Paychex Small... Read more