Thursday, May 31, 2018

13 Dividend Increases: May 21-25, 2018

Companies that regularly raise their dividend payments show confidence in future earnings growth potential. One way to identify dividend growth stocks for further analysis is to monitor dividend increases.

I look for dividend increase announcements from stocks in the CCC list, but I use several screens to limit the number of stocks to monitor. For example, I look for stocks with market caps exceeding $500m. In the past week, thirteen companies on my watch list decided to increase their dividends.

No fewer than six of the increases I'm sharing are double-digit increases!

The top increase is from NetApp (NTAP), a hybrid cloud data services company based in Sunnyvale, California. NTAP announced a spectacular increase of 100% and the stock now yields 2.39% at $67.15 per share!

Universal (UVV) is a global leaf tobacco supplier. The company hiked their dividend by 35% and now yields 4.48% at $66 per share. 

To see details of all these dividend increases, 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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