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.
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.
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.
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.
No comments :
Post a Comment
Please don't include links in comments. I will mark such comments as spam and the comment won't be published. To make me aware of your blog or website, comment on my Blogrole page instead.