Companies can only raise their dividends regularly if earnings grow sufficiently.
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.
In the last week, 16 companies on my watch list announced dividend increases.
Five of the stocks announced double-digit percentage increases.The top increase is from Whole Foods Market (WFM) with an impressive 29% increase! The stock has a 1.98% yield and a 5-year dividend growth rate of 22%!
The runner-up is Service Corporation International (SCI) with a 15% increase. SCI now yields 1.87% and, like WFM, its 5-year dividend growth rate is 22%!
To see this week's dividend increases, please read this article at Seeking Alpha.
Includes: CLX, CNO, CTWS, CVG, HNI, JCOM, LEG, MCHP, MSA, NHC, PA
I've semi-shifted from a long term to a more medium term strategy. We just sold all of our stocks because this small rally has gone on for too long. It's been 1 year since the last small correction.
ReplyDeleteInteresting approach... are you entirely out of the market then, or do you own some ETFs and/or mutual funds? I wouldn't want to get out of the market entirely, because I'll give up more than $1,000 per month in dividends if I do!
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