10 Dividend Growth Stocks For September 2023

In my monthly series of 10 Dividend Growth Stocks, I rank a selection of dividend growth stocks in Dividend Radar and present the ten top-ranked stocks for further research and possible investment. 

To rank stocks, I determine quality scores and sort them in descending order, breaking ties with additional metrics.

This month, I'm presenting stocks with A+ Dividend Quality Grades and strictly increasing dividends, earnings, and revenue over the past decade. 

TXN Dividend Increase

Texas Instruments ($TXN) announced its next dividend of $1.30 per share, a 4.8% increase over the company's previous payout of $1.24.

DivGro's annual dividend income will increase by $24.00 as a result.

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SBUX Dividend Increase

Starbucks ($SBUX) announced its next dividend of $0.57 per share, a 7.5% increase over the company's previous payout of $0.53.

DivGro's annual dividend income will increase by $32.00 as a result. 

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MSFT Dividend Increase

Microsoft ($MSFT) announced its next dividend of $0.75 per share, a 10% increase over the company's previous payout of $0.68.

DivGro's annual dividend income will increase by $28.00 as a result.

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September Newletter

I just published the September edition of my DivGro 2.0 newsletter.

Each month, I give a quick market recap, review my DivGro portfolio, and present four top-10 lists of Dividend Radar stocks. 

In August, DivGro's projected annual dividend income (PADI) increased by about 0.3% and, year over year, by about 5.0%.

WPC Dividend Increase

W. P. Carey ($WPC) announced its next dividend of $1.071 per share, a 0.19% increase over the company's previous payout of $1.069.

DivGro's annual dividend income will increase by $0.80 as a result.

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VZ Dividend Increase

Verizon ($VZ) announced its next dividend of $0.665 per share, a 1.9% increase over the company's previous payout of $0.6525.

DivGro's annual dividend income will increase by $15.00 as a result.

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O Dividend Increase

Realty Income ($O) announced its next dividend of $0.256 per share, a 0.20% increase over the company's previous payout of $0.2555.

DivGro's annual dividend will increase by $2.10 as a result.

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PM Dividend Increase

Philip Morris ($PM) announced its next dividend of $1.30 per share, a 2.4% increase over the company's previous payout of $1.27.

DivGro's annual dividend income will increase by $14.40 as a result. 

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My Highest Quality Dividend Challengers

This article presents the highest-quality Dividend Challengers, which are companies listed on U.S. exchanges that have consistently higher annual dividend payouts for at least 5-9 years. 

Companion articles presented the highest-quality Dividend Champions (25+ years) and Dividend Contenders (10-24 years).

I use a quality scoring system that employs six quality indicators from trusted and independent sources. Each quality indicator contributes up to 5 points to a stock's quality score, for a maximum of 30 points.

To screen for the highest quality Dividend Challengers, I screened for stocks with quality scores in the range of 21-30. 

MO Dividend Increase

Altria ($MO) announced its next dividend of $0.98 per share, a 4.3% increase over the company's previous payout of $0.94.

DivGro's annual dividend income will increase by $48.00 as a result.

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10 Dividend Growth Stocks For August 2023

Welcome to another edition of my monthly series of 10 Dividend Growth Stocks. In this series, I rank a selection of dividend growth stocks in Dividend Radar and present the ten top-ranked stocks for further research and possible investment. 

To rank stocks, I determine quality scores and sort them in descending order, breaking ties with additional metrics.

This month, I'm presenting the ten highest-quality stocks in Dividend Radar.

August Newsletter

I just published the July edition of my DivGro 2.0 newsletter.

Welcome to the August edition of my monthly newsletter. Following a quick market recap, I review my DivGro portfolio (as of 31 July 2023) and conclude with four top-10 lists!

In July, I opened one new position and added shares to three existing positions. Additionally, I closed one position. Seven DivGro stocks announced or paid higher dividends in July. 

The net result of these changes is that DivGro's projected annual dividend income (PADI) increased by about 1.0% in July. Year over year, PADI increased by 5.4%.

ITW Dividend Increase

Illinois Tool Works ($ITW) announced its next dividend of $1.40 per share, a 6.9% increase over the company's previous payout of $1.31.

DivGro's annual dividend income will increase by $30.60 as a result.

This extends ITW's streak of paying higher dividends every year since 1972!

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AWR Dividend Increase

American States Water ($AWR) announced its next dividend of $0.43 per share, an 8.2% increase over the company's previous payout of $0.3975.

DivGro's annual dividend income will increase by $26.00 as a result.

This is AWRs 69th year of annual payout growth!

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MAIN Dividend Increase

Main Street ($MAIN) increased its dividend by 2.2%, from $0.23 to $0.235 per share, and announced a special dividend of $0.275 per share.

DivGro's annual dividend income will increase by $18.00 as a result, and DivGro will receive $82.50 from the special dividend in September.

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MDLZ Dividend Increase

Mondelez ($MDLZ) announced its next dividend of $0.425 per share, a 10% increase over the company's previous payout of $0.385.

DivGro's annual dividend income will increase by $32.00 as a result.

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CTAS Dividend Increase

Cintas ($CTAS) announced its next dividend of $1.35 per share, a 17.39% increase over the company's previous payout of $1.15.

DivGro's annual dividend income will increase by $20.00 as a result.

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My Highest Quality Dividend Contenders

This article presents the highest-quality Dividend Contenders, which are companies listed on U.S. exchanges that have consistently higher annual dividend payouts for at least 10-24 years. 

A companion article presented the highest-quality Dividend Champions (25+ years), and a subsequent article will present the highest-quality Dividend Challengers (5-9 years).

I use a quality scoring system to assess the quality of dividend growth [DG] stocks and focus my research efforts on the highest-quality DG stocks. The system employs six quality indicators from independent sources and assigns 0-5 points to each quality indicator for a maximum of 30 points.

To screen for the highest quality Dividend Contenders, I screened for stocks that appear in the top two scoring categories of the quality indicators, namely those scoring 4 or 5 points for each quality indicator. 

10 Dividend Growth Stocks For July 2023

Welcome to another edition of my monthly series of 10 Dividend Growth Stocks. In this series, I rank a selection of dividend growth stocks in Dividend Radar and present the ten top-ranked stocks for further research and possible investment. 

To rank stocks, I determine quality scores and sort them in descending order, breaking ties with additional metrics.

This month, I'm presenting high-quality, discounted stocks with high growth rates and high trailing total returns [TTRs]. Every stock trades at least 10% below my risk-adjusted Buy Below prices. 

NNN Dividend Increase

NNN ($NNN) announced its next dividend of $0.565 per share, a 2.7% increase over the company's previous payout of $0.55.

DivGro's annual dividend income will increase by $24.00 as a result.

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Home Run Number 47

I'm celebrating DivGro's 47^th Home Run today!

When a stock in my portfolio doubles my original investment in total returns, I label it a Home Run stock! 

I announced my 46^th Home Run stock, TJX (TJX), on 30 June 2023. In that article, I shared that Snap-On (SNA) was the only home run contender with total returns of at least 80%. 

CMI Dividend Increase

Cummins ($CMI) announced its next dividend of $1.68 per share, a 7.0% increase over the company's previous payout of $1.57.

DivGro's annual dividend income will increase by $44.00 as a result.

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PCAR Dividend Increase

Paccar (PCAR) announced its next dividend of $0.27 per share, an 8.0% increase over the company's previous payout of $0.25.

DivGro's annual dividend income will increase by $12.00 as a result. 

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July 2023 Newsletter

I just published the July edition of my DivGro 2.0 newsletter.

The July edition presents a quick market recap and a review of my DivGro portfolio (as of 30 June 2023) and concludes with several top-10 lists.

In June, I executed no buy or sell transactions, choosing instead to build my cash reserves. Four DivGro stocks announced dividend increases in June, while one paid a larger dividend due to exchange rate fluctuations.

The net result of these changes is that DivGro's projected annual dividend income [PADI] increased by about 0.2% in June to $46,859. Year over year, PADI increased by 6.8%.

JPM Dividend Increase

 JPMorgan ($JPM) announced its next dividend of $1.05 per share, a 5.0% increase over the company's previous payout of $1.00.

DivGro's annual dividend income will increase by $20.00 as a result.

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Home Run Number 46

I'm back celebrating another Home Run, DivGro's 46^th. 

When a stock in my portfolio doubles my original investment in total returns, it becomes a Home Run stock! 

After waiting 375 days to celebrate DivGro's 45^th Home Run, I'm happy to say the wait for Home Run #46 was just 11 days!

I announced my 45^th Home Run stock, Oracle (ORCL), on 19 June 2023. In that article, I identified two likely candidates for my next Home Run stock, TJX (TJX) and Snap-On (SNA).

My Highest Quality Dividend Champions

This article presents the highest-quality Dividend Champions, which are companies listed on U.S. exchanges that have consistently higher annual dividend payouts for at least 25 years. Subsequent articles will present the highest-quality Dividend Contenders (10-24 years) and Challengers (5-9 years).

There are more than 130 Dividend Champions, and researching all of them would be a daunting task. Instead, I use a quality scoring system to assess the quality of dividend growth [DG] stocks, and focus my research efforts on the highest-quality DG stocks. 

The article presents the 20 highest-quality Dividend Champions based on my quality scoring system. Additionally, I use several screens to find high-quality stocks with quality scores in the range of 21-30, and I highlight several stocks trading at favorable valuations and offering compelling metrics.

10 Dividend Growth Stocks For June 2023

Welcome to the June edition of my monthly series of 10 Dividend Growth Stocks. In this series, I rank a selection of Dividend Radar stocks and present the ten top-ranked stocks for further research and possible investment. 

I rank stocks by sorting them in descending order by quality score,  breaking ties with additional metrics. My quality scoring system employs widely used quality indicators from independent sources to assess the quality of dividend growth stocks.

This month,

 I screened for high-quality, discounted stocks with safe dividends that likely would deliver annualized returns of at least 8%. 

Only 13 stocks pass this month's screens! 

DivGro 2.0 members get the three additional tickers ranked 11-13. Sign up for free here. 

Home Run Number 45

It's fun to celebrate when a stock in my portfolio doubles my original investment in total returns. This article celebrates another such milestone, DivGro's 45^th Home Run!

It has been 375 days since last I celebrated a DivGro Home Run!

On 9 June 2022, I announced my 44^th Home Run stock, Chevron (CVX). In that article, I identified three likely candidates for my next Home Run stock, but another stock beat them to the punch!

WPC Dividend Increase

 W. P. Carey ($WPC) announced its next dividend of $1.069 per share, a 0.19% increase over the company's previous payout of $1.067.

DivGro's annual dividend income will increase by $0.80 as a result.

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June 2023 Newsletter

I recently published the June edition of my DivGro 2.0 newsletter.

This edition includes a quick market recap, the May review of my DivGro portfolio, and a section revealing the top-ranked Dividend Radar stocks in each of the GICS sectors. 

In May, I closed three positions and reduced my holdings in one position. Also, I added shares to four existing positions. Six DivGro stocks announced dividend increases in May, while one paid a larger dividend and another paid a smaller dividend due to exchange rate fluctuations.

The net result of these changes is that DivGro's projected annual dividend income [PADI] increased by about 0.2% in May, to $46,782. Year over year, PADI increased by 7.8%.

O Dividend Increase

Realty Income ($O) announced its next dividend of $0.2555 per share, a 0.20% increase over the company's previous payout of $0.255.

DivGro's annual dividend income will increase by $1.20 as a result.

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UNH Dividend Increase

UnitedHealth ($UNH) announced its next dividend of $1.88 per share, a 14% increase over the company's previous payout of $1.65.

DivGro's annual dividend income will increase by $92.00 as a result.

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LOW Dividend Increase

Lowe's ($LOW) announced its next dividend of $1.10 per share, a 4.8% increase over the company's previous payout of $1.05.

DivGro's annual dividend income will increase by $20.00 as a result.

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RY Dividend Increase

Royal Bank of Canada (RY) announced its next dividend of $1.35 CAD per share, a 2.3% increase over the company's previous payout of $1.32.

DivGro's annual dividend income will increase by approximately $15.05 as a result (after accounting for the exchange rate to US dollars).

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MDT Dividend Increase

Medtronic (MDT) announced its next dividend of $0.69 per share, a 1.5% increase over the company's previous payout of $0.68.

DivGro's annual dividend income will increase by $8.00 as a result.

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BNS Dividend Increase

Scotiabank (BNS) announced its next dividend of $1.06 CAD per share, a 2.9% increase over the company's previous payout of $1.03.

DivGro's annual dividend income will increase by approximately $32.53 as a result (after taking into account the exchange rate to US dollars).

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CB Dividend Increase

Chubb (CB) announced its next dividend of $0.86 per share, a 3.6% increase over the company's previous payout of $0.83.

DivGro's annual dividend income will increase by $12.00 as a result.

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10 Dividend Growth Stocks For May 2023

Welcome to another edition of my monthly series presenting 10 Dividend Growth Stocks. In the series, I rank a selection of dividend growth stocks in Dividend Radar and present the ten top-ranked stocks for further research and possible investment. 

I rank stocks by sorting them in descending order by quality score and using tie-breaking metrics where necessary. My quality scoring system employs widely used quality indicators from independent sources to assess the quality of dividend growth stocks.

This month, I screened for high-quality discounted stocks with 5-year trailing total returns of at least 10%.

DivGro 2.0 members get an additional 10 tickers to consider, those passing my May screens and ranked 11-20! Sign up for free here. 

NOC Dividend Increase

Northrop Grumman (NOC) announced its next dividend of $1.87 per share, an 8.1% increase over the company's previous payout of $1.73.

DivGro's annual dividend income will increase by $22.40 as a result.

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May 2023 Newsletter

I just published the May edition of my DivGro 2.0 newsletter.

This edition includes a quick market recap, the April review of my DivGro, and eight different top-10 lists of Dividend Radar stocks.

In April, I closed one position and opened one position, while six DivGro stocks announced dividend increases, and one paid a smaller dividend due to exchange rate fluctuations. The net result of these changes is that DivGro's projected annual dividend income increased by about 0.3% to $46,702. Year over year, PADI increased by 9.4%.

April 2023 Newsletter

I recently published the April edition of my DivGro 2.0 newsletter. You'll need to sign up to read it, but all current content will be free until I formally launch DivGro 2.0. 

In this edition, I review my DivGro portfolio as of 31 March 2023 and present several top 10 lists of Dividend Radar stocks.

In March, seven DivGro stocks announced dividend increases and one Closed-End Fund announced another distribution cut. I added shares to one of my holdings in the Utilities sector. The net result of these changes is that DivGro's projected annual dividend income increased by about 0.5% in March to $46,576. Year over year, PADI increased by 9.5%.

10 Dividend Growth Stocks For April 2023

In the April edition of my monthly series, 10 Dividend Growth Stocks, I rank a selection of Dividend Radar stocks that are undervalued and have high 5-year compound annual growth rates.

I rank stocks by sorting them in descending order by quality score and using tie-breaking metrics where necessary. My quality scoring system employs widely used quality indicators from independent sources to assess the quality of dividend growth stocks.

Like last month, readers of my DivGro 2.0 site get an additional 10 tickers to consider, those passing my April screens and ranked 11-20.

10 Dividend Growth Stocks For March 2023

Welcome to the March edition of my monthly series of 10 Dividend Growth Stocks. In this series, I rank a selection of Dividend Radar stocks and present the ten top-ranked stocks for further research and possible investment. 

This month I decided to rank Dividend Radar stocks with qualifying Chowder Numbers based on the Chowder Rule of dividend growth investing. Such stocks are likely to deliver annualized returns of at least 8%. I also included a valuation screen, looking for dividend growth stocks with a forward yield exceeding its 5-year average yield.

I rank stocks by sorting them in descending order by quality score and using tie-breaking metrics where necessary. My quality scoring system employs widely used quality indicators from independent sources to assess the quality of dividend growth stocks.

March 2023 Newsletter

I recently published the March edition of my DivGro 2.0 newsletter. You'll need to sign up to read, but all current content will be free until I formally launch DivGro 2.0 on 1 May 2023. 

In this edition, I review my DivGro portfolio as of 28 February 2023 and present several top 10 lists of Dividend Radar stocks.

In February, I added shares to three existing positions, reduced one position, and closed two positions. Thirteen DivGro stocks announced dividend increases in February, and two stocks paid higher dividends due to exchange rate fluctuations. Another stock executed at a 3-for-2 stock and announced a small dividend increase on a split-adjusted basis. One of my holdings announced a significant dividend cut.

As a result of these transactions, DivGro's projected monthly dividend income decreased by $4 to $3,864, but that's a year-over-year increase of 15.3%.

February 2023 Newsletter

In my 2022 Annual Review of DivGro, I announced my decision to move DivGro to another platform where registered users can follow my continuing journey of Dividend Growth Investing and Options Trading. 

I'm planning to formally launch the new site on 1 May 2023.

Following several inquiries, I decided to share details of the new site now even though it's still very much in progress. The site contains only a few articles and a live view of my DivGro portfolio. Some pages are tagged Members Only now, but when I formally launch they will become Paid Members Only. The site will also contain free content.