Companies that regularly raise their dividends show confidence in the potential growth of future earnings. I like monitoring dividend increase announcements because I consider stocks that regularly increase their dividends to be candidates for further analysis.Last week, 31 companies that match my watch list criteria announced dividend increases. Part 1 presents details on dividend increases from the Financials sector stocks, while Part 2 will cover the remaining sectors.
The top increase in the Financials sector is from Northern Trust (NTRS), a financial holding company that provides asset servicing, fund administration, asset management, and fiduciary and banking solutions around the world. The company announced an impressive increase of 31%, so NTRS now yields 2.04% at $107.73 per share.The runner up is Huntington Bancshares (HBAN), a diversified regional bank holding company founded in 1866 and is headquartered in Columbus, Ohio. HBAN increased its dividend by 27% and now yields 3.71% at $15.10 per share.
To see details of all increases in the Financials sector, 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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