One way to identify dividend growth stocks for further analysis is to monitor dividend increases.Every week, I scan the news for dividend increase announcements and write an article on Seeking Alpha to report these increases.
Last week, 11 companies on my watch list announced dividend increases, including one of the stocks I hold in my portfolio. Of these increases, three stocks announced double-digit percentage increases.
The top increase comes from Matthews International (MATW), a company that provides brand solutions, memorialization products, and industrial technologies. MATW increased its dividend by 11.8%, now yielding 1.4% at $54.35 per share.Runner-up Nike (NKE), one of my DivGro holdings, announced an increase of 11.1%. The stock now yields 1.35% at $59.19 per share.
The remaining double-digit percent increase is from KeyCorp (KEY), an integrated multi-line financial services company, which announced a 10.5% increase. The stock now yields 2.29% at $18.31 per share.
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