Every week, I look at the list of weekly dividend increases, in order to uncover hidden opportunities. I also use it in order to review the dividend performance of the companies in my portfolio. In this article, I am going to highlight a couple companies, which raised dividends. I weeded out companies that has low current yields or had low streaks of dividend increases. I looked at the initial statistics such as earnings and dividend growth over the past decade, and I found them promising enough to put in focus, and place on my list for further research.
The two dividend paying companies in focus today include:
Lockheed Martin Corporation (LMT), a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products for defense, civil, and commercial applications in the United States and internationally. The company raised its quarterly dividend by 15.60% to $1.33/share. This marked the eleventh consecutive annual dividend increase for this dividend achiever. Over the past decade, Lockheed Martin has managed to increase dividends at a rate of 24.70%/year. The company is projected to earn $9.46/share in 2013 and $9.64 by 2014.
Currently, Lockheed Martin trades at 13.60 times forward earnings and yields 4.10%. Values like this are hard to come by in the current environment. I analyzed the company back in 2010, and liked everything except for the fact it hadn’t raised distributions for ten years in a row. I plan on reviewing the company in more detail in a future post, and make a decision on whether I should buy it or not.
Accenture plc (ACN) provides management consulting, technology, and business process outsourcing services worldwide. The company raised its semi-annual dividend by 15% to 93 cents/share. This marked the ninth consecutive annual dividend increase for Accenture. Over the past five years, Accenture has managed to increase dividends at a rate of 28.70%/year. The company is projected to earn $4.47/share in 2014 and $4.94 by 2014.
Currently, Accenture trades at 16.60 times forward earnings and yields 2.50%. I like how the company has managed to grow earnings and dividends over the past decade, and I also like the strong brand name that company has.
I am going to place these quality companies on top of my list for further research. I like the fact that I still can find value even in an overextended market like todays.
Full Disclosure: None
Relevant Articles:
- Check the Complete Article Archive
- Dividend Achievers Offer Income Growth and Capital Appreciation Potential
- Searching for Hidden Dividend Stars
- How to Uncover Hidden Dividend Gems
- Dividend ETF or Dividend Stocks?
Popular Posts
-
As part of my process, I update the list of dividend champions every month . I find it extremely helpful to go through the process of updati...
-
As part of my monitoring process I review the list of dividend increases every week . Every month, I also review and update the list of divi...
-
I review the list of dividend increases every week, in an effort to monitor existing holdings as well as identify companies for further res...
-
As a dividend growth investor, my goal is generate enough dividend income to pay for my expenses in retirement. I focus on dividend income,...
-
As part of my monitoring process, I review the list of dividend increases every week . I use this process to evaluate existing holdings and...
-
I have been a dividend investor for over a decade. As part of my journey, I have developed a system for identifying attractively valued divi...
-
I review dividend increases every week as part of my monitoring process. I usually focus on the companies with at least a ten year streak of...
-
PPG Industries, Inc. (PPG) manufactures and distributes paints, coatings, and specialty materials in the United States and internationally. ...
-
Franklin Resources Inc. (BEN) is a publicly owned asset management holding company. The firm provides its services to individuals, instituti...
-
As part of my monitoring process, I review the list of dividend increases every week. This is a helpful exercise that lets me identify divi...
