Companies that regularly increase dividends show confidence in future earnings growth potential.
One way to identify dividend growth stocks for further analysis is to monitor dividend increases.
This week, nine companies on my watch list decided to increase their dividends, including three of the stocks I own. Only one stock announced a double digit percentage increase.
The top dividend increase came from Lakeland Financial Corp (LKFN) with a 16% increase! The stock yields 2.11% and boasts a 5-year dividend growth rate of about 12%.
As mentioned, three of my DivGro stocks announced increases, with Qualcomm Inc (QCOM) leading the way with a 7.55% raise. QCOM is one of my largest holdings, so I'm very happy with the dividend increase!
To see this week's dividend increases, please read this article at Seeking Alpha.