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Tuesday, November 28, 2017

5 Dividend Increases: November 20-24, 2017

I like monitoring dividend increases for stocks on my watch list because I consider such stocks to be candidates for further analysis. Companies that regularly raise dividends show confidence in the potential growth of future earnings.

In the last week, 5 companies on my watch list announced dividend increases, including one of the stocks I own.

Only one stock announced a double-digit percentage increase, and it happens to be the stock I own!

The top increase is from Hormel Foods (HRL), a multinational manufacturer and marketer of consumer-branded food and meat products. HRL increased its dividend by 10.3% and now yields 2.18% at $34.41 per share.

The runner-up is Stock Yards Bancorp (SYBT) with an increase of 5%. The stock now yields 2.21% at $38.05 per share. This is SYBT's second dividend increase in the past year, though, and its year-over-year increase of 10.5% is impressive.

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

Please feel free to leave comments on this article either at Seeking Alpha or here, on my blog. I'll do my best to respond to each comment as quickly as possible.

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