I monitor dividend announcements for 700+ dividend growth stocks in my database and report on them in a weekly article series published at Seeking Alpha.
This week, only one stock in my database announced a dividend increase: OZK.
OKZ's increase is modest at 2.1%, but it extends a remarkable record of 64 consecutive quarterly increases, compounding to about 9% annual dividend growth.
Celebrating increases for the stocks I own is satisfying, but a dividend increase carries a broader signal: it tells me a company has the cash flow and confidence to sustain a higher baseline payout. On the flip side, a dividend cut, or even an unexpected token increase, can signal that the company's outlook may be weakening.
"The safest dividend is the one that's just been raised." Josh Peters, author of The Ultimate Dividend Playbook.
Tracking dividend announcements and auditing the safety profiles of the companies announcing them lets me target high-conviction opportunities and avoid potential traps.
Please read this article at Seeking Alpha.
Thanks for Reading!
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