Companies that regularly increase dividends show confidence in future earnings growth potential.I monitor dividend increases for stocks on my watch list of dividend growth stocks to identify candidates for further analysis.
Last week, 17 companies declared dividend increases, including 3 of the stocks I own.
The top increase is from Pool (POOL), a company that distributes swimming pool supplies, equipment, and related leisure products in North America and internationally. POOL announced an impressive increase of 22% and now yields 1.19% at $184.44 per share.The runner-up is Caterpillar (CAT), a company that manufactures construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. CAT's dividend increase is 20%, improving the stock's yield to 2.96% at $139.06 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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