I like monitoring dividend increases for stocks on my watch list of dividend growth stocks because I consider such stocks to be candidates for further analysis. Companies that regularly raise dividends show confidence in the potential growth of future earnings.In the last week, five companies I track announced dividend increases, including one of the stocks I own.
Four of the five increases are double-digit percentage increases!
The top increase is from ServisFirst Bancshares (SFBS), the bank holding company for ServisFirst Bank, which provides banking services to individual and corporate customers in the United States. SFBS announced a spectacular increase of 36% and now yields 1.96% at $30.56 per share.The runner-up is Fifth Third Bancorp (FITB), a diversified financial services company with operations in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina. FITB announced an impressive increase of 22% and now yields 3.87% at $22.73 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.
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