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.
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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.
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