Companies can only raise their dividends sustainably if they grow earnings sufficiently. I like to monitor dividend increase announcements to find candidates for further analysis.Last week, five companies on my watch list announced dividend increases, including three of my DivGro holdings.
Two companies impressed with double-digit percentage increases.
The top increase is from one of the stocks I own, Starbucks (SBUX). The company announced an impressive increase of 20%, so SBUX now yields 2.84% at $51.24 per share.The runner-up is Lowe's (LOW), another stock in my DivGro portfolio. The company hiked its dividend by 17% and now yields 1.98% at $98.22 per share.
To see details of these 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.
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