Companies that regularly increase dividends show confidence in future earnings growth potential. Monitoring dividend increases for stocks on my watch is one way to identify candidates for further analysis.
This past week, nine companies decided to increase their dividends, including two of my DivGro holdings. No fewer than six of these increases are double-digit percentage increases!
The top increase is from International Bancshares (IBOC), a financial holding company based in Laredo, Texas, that provides commercial and retail banking services throughout South, Central, and Southeast Texas and in the State of Oklahoma. IBOC announced an impressive increase of 27% and now yields 1.87% at $45.00 per share.The runner-up is Minneapolis-based US Bancorp (USB), a financial services holding company that provides a wide range of financial services to consumers, businesses, and institutions in the United States. USB's announced an impressive dividend increase of 23% and now yields 2.80% at $52.81 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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