I review the list of dividend increases every week, as part of my review process. I focus my attention on companies that raised dividends in the current week, and have at least a ten-year track record of annual dividend increases.
Only a company with a strong cash flow generating business can afford to grow dividends for a long period of time. Therefore, a business growing dividends for at least a decade is worth looking at for further research.
There were nine companies that fit the criteria. You can view the five companies in the table below:
|
Company |
Symbol |
New
Dividend Payment |
Old Dividend Payment |
Raise |
Years Annual Dividend Raises |
Ten Year Annualized Dividend Growth |
Forward P/E |
Dividend Yield |
|
|
Aflac |
AFL |
0.4 |
0.33 |
21.21% |
39 |
6.99% |
9.47 |
2.86% |
|
|
Agilent |
A |
0.21 |
0.194 |
8.25% |
11 |
11.02% |
37.6 |
0.52% |
* |
|
Brady |
BRC |
0.225 |
0.22 |
2.27% |
37 |
2.15% |
15.98 |
1.80% |
|
|
Brown-Forman |
BF.B |
0.1885 |
0.1795 |
5.01% |
38 |
7.72% |
42.58 |
0.99% |
|
|
City Holding |
CHCO |
0.6 |
0.58 |
3.45% |
10 |
5.30% |
14.81 |
2.88% |
|
|
Griffon |
GFF |
0.09 |
0.08 |
12.50% |
11 |
9.86% |
15.24 |
1.41% |
* |
|
HP |
HPQ |
0.25 |
0.19 |
31.58% |
12 |
16.67% |
8.42 |
3.18% |
|
|
Matthews |
MATW |
0.22 |
0.21 |
4.76% |
27 |
11.29% |
12.68 |
2.28% |
|
|
Motorola Solutions |
MSI |
0.79 |
0.71 |
11.27% |
12 |
11.61% |
28.44 |
1.23% |
* |
|
Nike |
NKE |
0.305 |
0.275 |
10.91% |
20 |
13.35% |
48.62 |
0.71% |
|
|
Realty Income |
O |
0.246 |
0.236 |
4.24% |
27 |
4.93% |
20.58 |
4.16% |
|
|
Royal Gold |
RGLD |
0.35 |
0.3 |
16.67% |
21 |
12.02% |
25.43 |
1.31% |
|
|
United Bankshares |
UBSI |
0.36 |
0.35 |
2.86% |
48 |
1.55% |
13.34 |
3.66% |
|
|
Unity Bancorp |
UNTY |
0.1 |
0.09 |
11.11% |
10 |
17.08% |
8.14 |
1.48% |
* |
This is a list of companies for further review. Most seem attractive as businesses, but that doesn’t mean that they should be invested in at any price, regardless of valuation.
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