Companies that regularly increase their dividends show confidence in the potential growth of future earnings. Monitoring dividend increases for stocks on my watch is one way I identify candidates for further analysis.This week, 19 companies decided to increase their dividends, including 2 of the stocks I own.
Part 1 covered stocks in the Energy, Industrials, and Materials sectors. This is Part 2, which covers the remaining sectors.
No fewer than 5 of the 11 stocks in Part 2 announced double-digit percentage increases!
The top increase is from LegacyTexas Financial Group (LTBX), the bank holding company for LegacyTexas Bank that provides banking and financial services in North Texas. LTBX announced a spectacular increase of 38% and now yields 2.19% at $40.14 per share.Texas Instruments (TXN) confirmed its dividend increase of 19% announced earlier. The stock now yields 3.13% at $98.26 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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