Mostly Modest Dividend Increases In July - Whether August Will Bring Bigger Boosts
Published Aug 3, 2020 on Seeking Alpha

Seeking AlphaDividend Quick PicksMostly Modest Dividend Increases In July - Whether August Will Bring Bigger BoostsAug. 3, 2020 11:14 AM ET|| Includes: BANF, BMI, CBU, CSL, DOV, FRT, IFF, ITW, K, MO, MXIM, NDSN, NNN, PPG, R, RBA, SJM, SMG, SWK, WBA, WLK, WST, WTRGby: Harvesting DividendsHarvesting Dividends Dividend growth investing, long-term horizon, technical analysisHarvesting Dividends.cls-1{fill:#024999;}SummaryAmong the 10 companies that were expected to announce annual increases in July, four of them held their dividend steady.
For the most part, the dividend increases announced in July were very modest and mostly in the low single digit percentages.
I might be too optimistic, but I’m expecting more from August’s announcements, including a double-digit boost from niche manufacturer Carlisle Companies.
This is the latest in a series of articles where I provide predictions of annual dividend increases for a variety of long-term dividend growth companies. Back at the end of June, I provided predictions for 10 dividend growth companies that have historically announced annual payout increases in July. Here, at the beginning of August, I provide my predictions for another 11 companies that historically have increased their dividends over the course of the month.
In addition to the companies listed below, two others announced their annual dividend increase in July. Tobacco company Altria (MO) announced a 2.4% increase to an annualized $3.44 and now has a forward yield of 8.36%. Scotts Miracle-Gro (SMG) announced a 6.9% increase to $2.48 and now has a forward yield of 1.56%. The lawn and garden care company also announced a special dividend of $5. Shareholders of record on August 27 will be entitled to the special dividend and the latest quarterly dividend.
Before I offer the predictions for August's stocks, here are how my predictions from July came out (you can see the original article with my predictions here):
(All yields are based on stock... Read more