Companies that regularly increase dividends show confidence in the potential growth of future earnings.I monitor dividend increases for stocks on my watch list of dividend growth stocks to identify candidates for further analysis.
In the last week, four companies on my watch list declared dividend increases, including one of the stocks I own.
Two of the four dividend increases are double-digit percentage increases!
The top increase is from BancFirst (BANF), a financial holding company based in Oklahoma City, Oklahoma. BANF announced a spectacular increase of 43% and now yields 1.87% at $64.10 per share.The runner-up is one of the stocks I own, Altria Group (MO), the Richmond, Virginia based company that manufactures and sells cigarettes, smokeless products, and wine in the United States. MO announced another solid increase of 14% and the stock now yields 5.44% at $58.78 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.
No comments:
Post a Comment
Please don't include links in comments. I will mark such comments as spam and the comment won't be published. To make me aware of your blog or website, comment on my Blogrole page instead.