I review the list of dividend increases every week as part of my monitoring process. This exercise helps me stay in shape, and abreast on what's happening accross the dividend growth investing universe.
I typically focus on companies that have managed to grow dividends for at least a decade. This requirement weeds out a lot of dividend growth hopefuls that never quite make it to the finish line either due to business model and/or state of the economy.
Over the past week, there were two companies that raised dividends to shareholders. Both companies have managed to increase dividends for at least a decade:
Oil-Dri Corporation of America (ODC) develops, manufactures, and markets sorbent products in the United States and internationally. It operates in two segments, Retail and Wholesale Products Group, and Business to Business Products Group.
The company increased its quarterly dividends by 16.10% to $0.18/share. This marks the 22nd consecutive year of dividend growth for this dividend achiever. Over the past decade, the company has managed to grow dividends at an annualized rate of 4.48%.
Between 2015 and 2024, the company managed to grow earnings from $0.80/share to $2.72/share.
The company is expected to earn $3.13/share in 2025.
The stock sells for 16.12 times earnings and yields 1.31%.
UnitedHealth Group Incorporated (UNH) operates as a health care company in the United States and internationally. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx.
The company raised its quarterly dividend by 5.20% to $2.21/share. This is the 16th year of consecutive annual dividend increases for this dividend achiever. It's also the slowest raise in the quarterly dividend ever. Over the past decade, the company has managed to raise its dividend at an annualized rate of 18.80%.
Between 2015 and 2024, the company has managed to grow earnings from $6.10/share to $15.64/share.
The company is expected to earn $22.59/share in 2025.
The stock sells for 13.10 times forward earnings and yields 2.91%,
Relevant Articles:
- Four Dividend Growth Companies Increasing Dividends Last Week
