Friday, January 29, 2021

Busiest Week For Dividend Increases Ever

I have tracked dividend increases on this site for over a decade, almost every single week. I use a process to compile dividend increases for the week from multiple sources, and then narrow it down to the group of companies that have managed to increase dividends for at least ten years in a row. 

I do this exercise as part of my monitoring process. It is helpful to see how companies I own or am interested in are performing. It is also a helpful process 

Last week was the busiest week for dividend increases since I started doing this in 2008 - 2009. There were 70 dividend increases last week. This means that there were 70 companies announcing a dividend increase, which shows that these companies are optimistic about near-term business prospects and the economy.

This is also just a notch higher than the record number of dividend increases I saw just before Covid-19 hit the world and its economy. 

I narrowed the list down to the companies that have managed to increase dividends for at least 10 years in a row. There were 25 companies that fit this characteristic. You can view the table with some information about each company, including track record of dividend increases, old and new dividend.

Ticker

Name

Years Annual Dividend Increases

10 year  Dividend Growth

New

Old

Raise

Price

Yield

Forward P/E

ADM

Archer Daniels Midland

46

9.15%

0.37

0.36

2.78%

50.01

2.96%

     12.76

AJG

Arthur J. Gallagher & Co.

11

3.47%

0.48

0.45

6.67%

115.41

1.66%

     23.32

APD

Air Products & Chem.

39

10.43%

1.5

1.34

11.94%

266.76

2.25%

     25.19

CE

Celanese Corp.

12

29.99%

0.68

0.62

9.68%

122.15

2.23%

     11.50

CHD

Church & Dwight

25

20.00%

0.2525

0.24

5.21%

84.43

1.20%

     27.68

CINF

Cincinnati Financial

62

4.06%

0.63

0.6

5.00%

84.09

3.00%

     21.96

CMCSA

Comcast Corp.

14

16.83%

0.25

0.23

8.70%

49.57

2.02%

     13.73

CNI

Canadian National Railway

26

12.61%

0.615

0.575

6.96%

101.17

2.43%

     19.53

CWT

California Water Service

54

3.63%

0.23

0.2125

8.24%

54.64

1.68%

     31.77

FELE

Franklin Electric Co.

29

9.18%

0.175

0.155

12.90%

69.42

1.01%

     28.33

GATX

GATX Corp.

11

5.54%

0.5

0.48

4.17%

92.8

2.16%

     18.75

KMB

Kimberly-Clark Corp.

49

5.54%

1.14

1.07

6.54%

132.1

3.45%

     16.11

LHX

L3Harris Technologies Inc

20

13.72%

1.02

0.85

20.00%

171.51

2.38%

     12.97

LIN

Linde Plc

28

7.90%

1.06

0.963

10.07%

245.4

1.73%

     26.73

MKTX

MarketAxess Holdings Inc.

13

23.97%

0.66

0.6

10.00%

540.76

0.49%

     58.40

NI

NiSource Inc.

10

8.80%

0.22

0.21

4.76%

22.15

3.97%

     16.53

NVS

Novartis

24

3.15%

3

2.95

1.69%

90.47

3.32%

     12.96

PFC

Premier Bank

11

#VALUE!

0.24

0.22

9.09%

27.76

3.46%

       9.67

PII

Polaris Industries

26

11.98%

0.63

0.62

1.61%

116.67

2.16%

     12.72

RBCAA

Republic Bancorp KY

23

7.18%

0.308

0.286

7.69%

36.09

3.41%

     11.21

SJW

SJW Corp.

54

6.53%

0.34

0.32

6.25%

66.17

2.06%

     27.69

SMBC

Southern Missouri Bancorp Inc.

10

9.60%

0.16

0.15

6.67%

30.65

2.09%

       9.58

SPGI

S&P Global Inc.

48

11.05%

0.77

0.67

14.93%

317

0.97%

     26.75

TSCO

Tractor Supply Company

12

26.76%

0.52

0.4

30.00%

141.74

1.47%

     20.39

WAFD

Washington Federal Inc.

11

15.97%

0.23

0.22

4.55%

26.18

3.51%

     13.56


Thank you for reading!


Relevant Articles:

Seven Companies Rewarding Shareholders With a Raise

2020 Was a Record Year For Dividends

Fourteen Companies Spreading Holiday Cheers To Shareholders

1 comment:

  1. Thanks for posting these updates. I use it to add new stocks to my screener.

    ReplyDelete

Questions or comments? You can reach out to me at my website address name at gmail dot com.

Popular Posts