Dividend Changes: September 19-25, 2020
Seeking AlphaDividend Quick PicksDividend Changes: September 19-25, 2020Sep. 29, 2020 7:36 AM ET|| Includes: ACN, ARTNA, BKSC, DGX, FLIC, HIFS, HON, HTA, ISTR, JOUT, LMTby: FerdiSFerdiS Dividend Growth Investing, portfolio strategy, long-term horizon, ValueDiv Gro.cls-1{fill:#024999;}SummaryThis article series provides a weekly summary of dividend changes.
A summary table provides relevant data and key statistics of dividend increases.
We include a table of ex-dividend dates for the next two weeks, and we highlight an interesting candidate.
This article was co-produced with James Marino Sr. of Portfolio Insight.
We monitor dividend increases for stocks using [Dividend Radar], a weekly automatically generated spreadsheet listing stocks with dividend streaks of five years or more. The Dividend Radar spreadsheet separates stocks into categories based on the length of the streak: Champions (25+ years), Contenders (10- 24 years), and Challengers (5-9 years).
In the last week, teen companies in Dividend Radar declared dividend increases, including three of the stocks I hold in my portfolio. There were no announcements of dividend cuts or suspensions of stocks in Dividend Radar.
The following table provides a summary of the dividend increases.
The table is sorted into sections for Champions, Contenders, and Challengers, and then 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.
Some companies increase their dividends more than once a year, so the last column (1-yr DGR) indicates the percentage increase from the year-ago dividend.
Summary of Dividend Increases: September 19-25, 2020
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