I monitor dividend increases for dividend growth stocks to identify candidates for further analysis. Companies can only raise 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 only cover stocks with a market cap exceeding $500M.
This past week, seven companies on my watchlist announced dividend increases, including one of the stocks I own in my portfolio.
The top increase is from Lakeland Financial (LKFN), a bank holding company based in Warsaw, Indiana. LKFN announced an impressive increase of 18.18% and now yields 2.20% at $47.24 per share.The runner-up, Automatic Data Processing (ADP), provides technology-enabled human capital management solutions and business process outsourcing solutions. The company announced an increase of 9.25% and now yields 2.39% at $115.27 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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