Potential Dividend Growth All-Stars Of Tomorrow

In response to a question posed by another author concluding his article, I searched for high dividend growth potential companies.
Through a multi-step screening process I identified 8 companies with the highest potential for dividend growth.
There is no guarantee these company will increase their dividend, but through my process i will show they at least have the potential for large increases.
At the beginning of last week, I read an excellent article by Justin Law where he covered the highest dividend growth stocks over the past decade. At the end of his article, Justin posed the question to readers:“Which companies do you think will be the fastest dividend growers of the next decade?”
Challenge accepted! Through a process of examining the conditions that were in place at the beginning of the last decade for the stocks Justin covered, I will be coming up with a short list of current companies that meet those same criteria.
Historical Data
To start my screening process I used historical data from Zacks fundamental charts. I looked back to 2010 to see what the dividend yield, cash flows, market cap, etc were back then for the top five companies that Justin covered. The table below shows the Zacks data I gathered along with what the quarterly dividend was in 2010 compared to what it was in 2019. As you can see, the majority of companies were cash-flow-positive low-yielding companies.
*Market cap data in millions
Div Yield
Market Cap
Operating Cash Flow Positive?
2010 Div
2019 Div
% Increase
Southwest Airlines
(LUV)
0.15%
$8406
Yes
$0.0045
$0.18
3900.00%
Mastercard
(MA)
0.27%
$32959
Yes
$0.015
$0.33
2100.00%
Celanese
(CE)
0.54%
$4915
Yes
$0.05
$0.62
1140.00%
Helmerich & Payne
(HP)
0.48%
$5066
Yes
$0.06
$0.71
1083.33%
UnitedHealth Group
(UNH)
0.09%
$37998
Yes
$0.125
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