Companies that regularly raise their dividend payments show confidence in future earnings growth potential. I like monitoring dividend increases for stocks on my watch list because I consider such stocks to be candidates for further analysis.In the past 2 weeks, 4 companies on my watch list decided to increase their dividends.
Only one company announced a double-digit dividend increase. However, two of the remaining stocks have increased their dividends multiple times in the past year and their year-over-year dividend increases are double-digit percentage increases, too.
The top increase is from MSC Industrial Direct (MSM), direct marketers and distributors of a range of metalworking and maintenance, repair, and operations products and services throughout the United States. MSM increased its dividend by 20.83% and now yields 2.45% at $94.75 per share.As a bonus, I'm including a summary of ex-dividend dates for the next two weeks. Scan the list of stocks to see if there's a stock you want to pick up before the ex-dividend date so you can grab the next dividend.
Please see this article at Seeking Alpha for details.
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