I review the list of dividend increases every week as part of my monitoring process. This exercise helps me review existing holdings quickly and potentially uncover hidden gems for further research.
It's a prime example of the types of data I use to quickly determine if a company should be placed on my list for further research or not. That's because it shows you all the important drivers behind stock market wealth creation.
Namely, dividends, growth in earnings per share and valuation. The interplay between these three items determine if you are going to make money or not. Your future returns are dependent on finding a good quality company at a good entry valuation, which keeps delivering on its growth, while patiently reinvesting those growing distributions.
Anywho, there were a little over 20 companies raising dividends last week. Seven of these companies managed to increase dividends last week AND also have a ten year track record of annual dividend increases under their belt. The companies include:
Cboe Global Markets, Inc. (CBOE) operates as an options exchange in the United States and internationally. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital.
The company raised quarterly dividends by 14.30% to $0.72/share. This is the 15th consecutive annual dividend increase for this dividend achiever. Over the past decade, the company has managed to grow dividends at an annualized rate of 11.70%.
The company has managed to grow earnings from $2.46/share in 2015 to $7.24/share in 2024.
The company is expected to earn $9.68/share in 2025.
The stock sells for 32.30 times forward earnings and yields 0.52%.
Dover Corporation (DOV) provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide.
The company increased quarterly dividends by 1% to $0.52/share. This is the 70th consecutive year in which this dividend king has increased its annual cash dividend. Over the past decade, the company has managed to grow dividends at an annualized rate of 2.84%.
The company has managed to grow earnings from $5.52/share in 2015 to $10.16/share in 2024.
The company is expected to earn $9.48/share in 2025.
The stock sells for 18.62 times forward earnings and yields 1.18%.
J&J Snack Foods Corp. (JJSF) manufactures, markets, and distributes nutritional snack food and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages.
The company raised quarterly dividends by 2.60% to $0.80/share. This is the 20th consecutive annual dividend increase for this dividend achiever. The company has managed to grow dividends at an annualized rate of 8.80% over the past decade.
Between 2015 and 2024, the company managed to grow earnings from $3.76/share to $4.46/share.
The company is expected to earn $4.10/share in 2025.
The stock sells for 27.17 times forward earnings and yields 2.80%.
Martin Marietta Materials, Inc. (MLM) is a natural resource-based building materials company, which supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.
The company raised quarterly dividends by 5.10% to $0.83/share. This is the 10th consecutive annual dividend increase for this newly minted dividend achiever. Over the past decade, the company has managed to grow dividends at an annualized rate of 6.70%.
The company has managed to grow earnings from $4.31/share in 2015 to $32.49/share in 2024.
The company is expected to earn $18.87/share in 2025.
The stock sells for 32.30 times forward earnings and yields 0.52%.
MGE Energy, Inc. (MGEE) operates as a public utility holding company in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments.
The company hiked quarterly dividends by 5.60% to $1.90/share. This marked the 50th consecutive year of annual dividend increases for this newly minted dividend king. Over the past decade, the company has managed to grow dividends at an annualized rate of 4.70%.
The company managed to grow earnings from $2.06/share in 2015 to $3.33/share in 2024. It's on track to earn $3.58/share in 2025.
The stock sells for 23.50 times forward earnings and yields 2.15%.
RB Global, Inc. (RBA) operates a marketplace that provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide.
The company raised quarterly dividends by 6.90% to $0.31/share. This is the 23rd consecutive annual dividend increase for this dividend achiever. Over the past decade the company has managed to grow dividends at an annualized rate of 9.25%.
The company managed to grow earnings from $1.7/share in 2015 to $2.91/share in 2024.
The company is expected to earn $5.03/share in 2025.
The stock sells for 31.55 times forward earnings and yields 1.07%.
United Community Banks, Inc. (UCB) operates as the bank holding company for United Community Bank that provides financial products and services to commercial, retail, government, education, energy, health care, and real estate sectors in the United States.
The company raised quarterly dividend by 4.20% to $0.25/share. This is the 11th consecutive annual dividend increase for this dividend achiever. Over the past 5 years, the company has managed to grow dividends at an annualized rate of 7.10%.
The company has managed to grow earnings from $1.09/share in 2015 to $2.04/share in 2024.
The company is expected to earn $2.65/share in 2025.
The stock sells for 11.77 times forward earnings and yields 3.08%.
Relevant Articles:
- Six Dividend Growth Stocks Raising Dividends Last Week
