Companies that regularly raise their dividend payments show confidence in future earnings growth potential. Monitoring dividend increases for stocks on my watch list helps me identify candidates for further analysis.This past week, five companies on my watch list announced dividend increases.
Four of the five dividend increases are double-digit percentage increases!
The top increase is from SunTrust Banks (STI), a diversified financial services holding company in the United States that offers deposit, credit, mortgage banking, and trust and investment services. STI announced a spectacular increase of 25% and now yields 2.67% at $73.72 per share.The runner-up is Westlake Chemical (WLK), an international manufacturer and supplier of basic chemicals, vinyls, polymers, and building products. WLK announced an impressive increase of 19.05% and the stock now yields 1.03% at $95.59 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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