Friday, February 16, 2018

26 Dividend Increases: February 5-9, 2018 (Part 2: Financials and Consumer Discretionary Stocks)

One way to identify dividend growth stocks for further analysis is to monitor dividend increases. I monitor dividend increase announcements from stocks in the CCC list.

Last week, 26 companies on my watch list announced dividend increases, including three of the stocks I own.

Part 1 presented dividend increases of stocks in the Industrials and Information Technology sectors. This is Part 2, which covers dividend increase announcements from stocks in the Financials and Consumer Discretionary sectors. See the upcoming Part 3 for a summary of dividend increases for stocks in 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 Financials and Consumer Discretionary sectors is from Prudential Financial (PRU) with an impressive increase of 29%. The company provides a range of financial products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management.  The stock now yields 3.24% at $106.04 per share.

Three other stocks in these sectors announced double-digit percentage increases. One is Allstate (ALL),  a company that provides property-liability insurance and life insurance in the United States and Canada. ALL increased its dividend by 24% and now yields 1.94% at $90.89 per share.

To see all the dividend increases in the Financials and Consumer Discretionary 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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