Companies that regularly increase dividends show confidence in future earnings growth potential. One way to identify dividend growth stocks for further analysis is to monitor dividend increases.This week, 18 companies passing my watch list criteria decided to increase their dividends, including two of the stocks I own.
Two of the dividend increases are double-digit percentage increases.
The top increase is from one of my newer holdings, Illinois Tool Works (ITW), a diversified, global company that manufactures and sells industrial products and equipment. The company announced a spectacular increase of 28%, so ITW now yields 2.85% at $139.55 per share.The other double-digit percentage increase is from Cheesecake Factory (CAKE), a company that operates restaurants and bakery production facilities. CAKE hiked its dividend by 14% and now yields 2.62% at $49.69 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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