Companies can only increase their dividends regularly if they grow earnings sufficiently. I like monitoring dividend increase announcements because I consider stocks that regularly increase their dividends to be candidates for further analysis. Last week, 26 companies on my watch list announced dividend increases, including three stock I own. Part 1 provides a summary of dividend increases announced by stocks in the Industrials and Information Technology sectors. Part 2 will cover dividend increases from stocks in the Financials and Consumer Discretionary sectors, while Part 3 will cover the remaining sectors.
As a bonus, I include a summary of available ex-dividend dates for the next two weeks.
The top increase in the Industrials and Information Technology sectors is from Corning (GLW), a company that sells specialty glass and ceramics. GLW increased its dividend by 16% and now yields 2.44% at $28.77 per share.No other stocks announced double-digit percentage increases, though the increases from Union Pacific (UNP), United Parcel Service (UPS), and Gilead Sciences (GILD) all are within a rounding error from 10%.
To see all the dividend increases in the Industrials and Information Technology sectors, please read this article at Seeking Alpha.
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 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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