5 Dividend Increases: June 4-8, 2018
Monitoring dividend increase announcements is one way to identify candidates for further analysis. Companies that regularly increase dividends show confidence in the potential growth of future earnings.
The CCC List provides a good starting point, but I limit the number of stocks to monitor by applying the following screens:
Market cap ≥ $500 million No stocks that are being acquired No Over-The-Counter or Pink Sheet Stocks Dividend Yield ≥ 1.5% for Challengers Dividend Yield ≥ 1.0% for Contenders and Champions In the past week, five companies on my watch list announced dividend increases, including one of my DivGro holdings. The table below presents a summary of these increases.
The table is sorted by the percentage increase, %Incr. Dividends are annualized and in US$, 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: June 4-8, 2018
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UnitedHealth Group (UNH)
Founded in 1974 and based in Minnetonka, Minnesota, UNH is a diversified health and well-being company with core... Read more