Companies that regularly increase dividends 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, eight companies announced dividend increases, including one of the stocks I own.
Two of these increases are double-digit percentage increases!
The top increase is from Raymond James Financial (RJF), a financial holding company that underwrites, distributes, trades, and brokers equity and debt securities in the United States, Canada, Europe, and internationally. RJF announced a solid increase of 13% and now yields 1.71% at $79.73 per share.The runner-up is TriCo Bancshares (TCBK), a bank holding company for Tri Counties Bank, which provides commercial banking services to retail customers and small to medium-sized businesses in northern and central California. TCBK announced a solid increase of 12% and now yields 1.98% at $38.45 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.
Feel free to leave comments on this article either here or at Seeking Alpha.
I'll do my best to respond to each comment as quickly as possible.
Hey, I really like reading your blog. Where do you get the information of the dividend increases from? Is there an app/website or do you compare with the previous dividend? Greetings
ReplyDeleteHi, Nils -- I use two sources, Seeking Alpha and dividend.com (premium subscription). It is a fairly manual process, so it takes up to two hours per week. On Seeking Alpha, I choose News / Dividend News, select a date, and then search for "Increase". On dividend.com, on the Premium tab, I select "Dividend Payout Changes", check only "Increases", and choose a date range. In both cases, I get more hits than I'm interested in. I compare tickers to those in the CCC with yields > 1% and market caps > $1B.
DeleteIs it worth my time? I believe so -- but mostly because I post these summary articles on Seeking Alpha and get compensated for it. If not for that, and because DivGro already contains more than 80 positions, I probably won't do it.