Companies that regularly increase dividends show confidence in the potential growth of future earnings.
I monitor dividend increases for stocks on my watch list of dividend growth stocks to identify candidates for further analysis.
In the last week, ten companies on my watch list declared dividend increases, including three of the stocks I own.
Earnings season is kicking into gear and the quiet period for dividend increase announcements seems to be over!
The top increase is from Paychex Inc (PAYX) with an increase of 8.7%. The stock now yields 3.5% at $57.10 per share. The second largest increase is for one of the stocks I own, Walgreens Boots Alliance, Inc (WBA). The increase is 6.7% and raises WBA's yield to 2.03% at $78.91.
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