Companies that regularly increase dividends show confidence in future earnings growth potential.
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.
This week, 10 companies on my watch list announced dividend increases, including one of the stocks I own.
One stock in my DivGro portfolio announced a dividend increase last week: General Dynamics Corporation (GD). The increase of 10.53% is fantastic and I'm very happy with that! GD is my top performing stock and DivGro's first home run stock. The stock's total return is closing in on the 200% mark...
Three of the increases are double-digit percentage increases, with Best Buy Corp (BBY) announcing the top increase of 21%!