Companies that regularly raise dividends show confidence in the potential growth of future earnings.
Monitoring dividend increases for stocks on my watch list helps me identify candidates for further analysis.
Recently, ten companies on my watch list decided to increase their dividends, including three of my DivGro holdings.
Two of the ten stocks announced double-digit percentage increases.The top increase is from UnitedHealth Group Inc (UNH) with an impressive (and welcome!) increase of 20%. The stock now yields 1.65% at $181.63 per share and has a 5-year dividend growth rate of 31.1%!
Next in line is Horizon Bancorp (HBNC), which announced an 18% increase. The stock now yields 1.99% at $26.14 per share and has a 5-year dividend growth rate is an impressive 14.4%.
To see this week's other dividend increases, including two more DivGro stocks that have increased their dividends, please read this article at Seeking Alpha.
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