16 Dividend Increases: November 6-10, 2017

Companies that regularly increase 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, 16 companies on my watch list announced dividend increases, including one of the stocks I hold in my portfolio.

Three stocks announced double-digit percentage increases last week. The top increase comes from Inter Parfums (IPAR) with an impressive 23.5% raise! Formerly known as Jean Philippe Fragrances, Inc, IPAR manufactures, markets, and distributes an array of fragrance and fragrance-related products. The stock now yields 2% at $43.25 per share.

Runner-up is Snap-on (SNA), a company that manufactures and markets tools and equipment, and provides diagnostics, repair information, and systems solutions. SNA raised its dividend by 15.5% and now yields 2.1% at $155.87 per share.

The remaining double-digit percent increase is from Automatic Data Processing (ADP), a company that provides technology-enabled human capital management solutions and business process outsourcing solutions. ADP increased its dividend by 10.5% and the stock now yields 2.26% at $111.09 per share.

For details about other dividend increases, please see this article at Seeking Alpha.

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