I review the list of dividend increases every week, as part of my monitoring process.
I typically focus my attention to companies that have managed to grow dividends for at least ten years in a row.
Over the past week, there were three companies that managed to raise dividends to shareholders. Each of these companies have managed to raise annual dividends for at least ten years in a row.
The companies include:
First Farmers Financial Corporation (FFMR) operates as the financial holding company for First Farmers Bank & Trust that provides banking products and services to individuals, families, and businesses.
The company raised quarterly dividends by 2% to $0.50/share. The company managed to grow dividends at an annualized rate of 13.33% over the past decade. This is the 36th consecutive annual dividend increase for this dividend champion.
The company managed to grow earnings from $2.35/share in 2015 to $5.04/share in 2024.
The stock sells for 13.30 times earnings and yields 3%.
Investar Holding Corporation (ISTR) operates as the bank holding company for Investar Bank that provides a range of commercial banking products to individuals, professionals, and small to medium-sized businesses in south Louisiana, southeast Texas, and Alabama in the United States.
The company raised quarterly dividends by 4.80% to $0.11/share. This is the 12th consecutive annual dividend increase for this dividend achiever. The company managed to grow dividends at an annualized rate of 12.04% over the past 5 years.
The company managed to grow earnings from $0.98/share in 2015 to $2.06/share in 2024.
The stock sells for 9.13 times forward earnings and yields 2.27%.
PSB Holdings, Inc. (PSBQ) operates as a bank holding company for Peoples State Bank that provides a range of retail consumer and commercial banking products and services to individuals and businesses in the United States.
The company raised semi-annual dividends by 6.30% to $0.34/share. This is the 32nd consecutive ywar of increased dividends per share for this dividend champion. The company managed to grow dividends at an annualized rate of 9.15% over the past decade.
The company managed to grow earnings from $1.61/share in 2015 to $2.37/share in 2024.
The stock sells for 9.26 times earnings and yields 2.68%.
Relevant Articles:
- Four Dividend Growth Companies Increasing Dividends Last Week
