Companies that regularly raise their dividend payments show confidence in future earnings growth potential.
Monitoring dividend increases for stocks on my watch list helps me identify candidates for further analysis.
Last week, 36 companies on my watch list announced dividend increases. Part 1 covers dividend increases of Financials sector stocks and includes one of the stocks I own. Part 2 will cover Energy and Real Estate sector stocks that announced dividend increases last week, while Part 3 will cover dividend increases from the remaining sectors.
Three of the Financial sector stocks announced double-digit percentage increases.Topping the list is Evercore (EVR), an independent investment banking advisory firm based in New York. EVR announced an impressive increase of 17.7% and the stock now yields 2.00% at $80.10 per share.
The second largest increase is from Associated Banc-Corp (ASB) with an increase of 16.7%. The stock now yields 2.24% at $25.05 per share. Third in line is Investors Bancorp (ISBC) with an increase of 12.5%. The stock now yields 2.63% at $25.05 per share.
For details about all this week's dividend increases, please see this article at Seeking Alpha.
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