I like monitoring dividend increases for stocks on my watch list of dividend growth stocks because I consider such stocks to be candidates for further analysis. Companies can only increase their dividends regularly if earnings grow sufficiently.I limit the monitoring to stocks in the CCC list and I use several screens to limit the number of stocks further. For example, I don't cover stocks that are being required or over-the-counter or pink sheet stocks.
This past week, three companies on my watchlist announced dividend increases.
The top increase is from TJX (TJX), an off-price apparel and home fashions retailer of family apparel, home fashions, seasonal items, jewelry, and other merchandise. TJX announced an impressive increase of 25% and now yields 1.87% at $83.44 per share.The runner-up is the distributor of air conditioning, heating, and refrigeration equipment, Watsco (OXM). The company announced an increase of 16% and now yields 3.12% at $185.88 per share.
To see details of all the dividend increases announced last week, please read this article at Seeking Alpha. I include three F.A.S.T. Graphs to illustrate the impressive earnings and dividend growth rates of some of these stocks.
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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