Companies can only increase their dividends regularly if earnings grow sufficiently. I monitor dividend increases for stocks on my watch list of dividend growth stocks to identify candidates for further analysis.
- Last week, 24 companies on my watch list decided to increase their dividends. Part 1 covers the Financials and Real Estate sectors. Part 2 will cover the non-Financials.
None of the stocks I cover in Part 1 announced a double-digit percentage increases. However, it still is worth looking at the list to see if any candidates seems worth analyzing.
The top increase is from CoreSite Realty (COR), an integrated, self-administered, and self-managed real estate investment trust that owns, acquires, constructs and operates data centers in the United States. COR increased its dividend by 8.9% and now yields 3.4% at $115.46 per share.The runner-up is Douglas Emmett (DEI), a self-administered and self-managed real estate investment trust that owns and operates office and multifamily properties. DEI announced an increase of 8.7% and now yields 2.46% at $40.63 per share.
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