Companies that regularly increase dividends show confidence in their future earnings growth potential.
Monitoring dividend increases for stocks on my watch list helps me identify candidates for further analysis.
This week, 28 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: Wal-Mart Stores Inc (WMT). The increase is only 2%, which continues the recent pattern of increasing the annual dividend by only 4¢ per share. I'm not too happy with that!
In contrast, four stocks announced double-digit percentage increases, including one stock, Home Depot Inc (HD). which increased its dividend by a whopping 29%!