Friday, January 24, 2020

Dividend Increases: January 1-17, 2020

I monitor dividend increase announcements for stocks in the Dividend Champions List [CCC list].

The CCC list is separated into three categories based on how long companies have maintained their streak of annually increasing dividends: Champions (25+ years), Contenders (10- 24 years), and Challengers (5-9 years).

In the past three weeks, 17 companies in the CCC list announced dividend increases, including one of the stocks I hold in my portfolio. Two of these dividend increases are double-digit percentage increases!

This week's top increase is from Fastenal (FAST), a company that sells industrial and construction supplies, including threaded fasteners such as bolts, nuts, screws, studs, and related washers, in the United States, Canada, and internationally.  FAST announced a strong increase of 14% and now yields 2.72% at $36.80 per share.

To see details of the increases announced in the last few weeks, 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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