I review the list of dividend increases every week, in an effort to monitor the dividend growth investing universe. This exercise helps me review existing holdings and potentially uncover companies for further research. This exercise also helps me showcase my quick method of reviewing companies, before determining if I should put them on my "to research" pile or "not research" pile.
There were ten companies raising dividends in North America last week. Four of those companies have managed to raise dividends for at least a decade. The companies include:
Donaldson Company, Inc. (DCI) manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences.
The company raised quarterly dividends by 11.10% to $0.30/share. Donaldson is a member of the S&P High-Yield Dividend Aristocrats Index and calendar year 2024 marked the 29th consecutive year of annual dividend increases.
The company managed to grow earnings from $1.51/share in 2015 to $3.43/share in 2024.
The company is expected to earn $3.60/share in 2025.
The stock sells for 19.30 times forward earnings and yields 1.72%.
Lowe's (LOW) operates as a home improvement retailer in the United States. It provides a line of products for construction, maintenance, repair, remodeling, and decorating.
The company raised its quarterly dividend by 4.30% to $1.20/share. This is the 63rd consecutive year of annual dividend increases for this dividend king. Over the past decade, this dividend king has managed to raise dividends at an annualized rate of 17.46%.
This is also the third consecutive year of raising the quarterly dividend by a nickel however.
Between 2015 and 2024, the company managed to grow earnings from $2.73/share to $12.24/share.
The company is expected to earn $12.26/share in 2025.
The stock sells for 18.42 times forward earnings and yields 2.04%.
National Bank of Canada (NA.to or NTIOF) provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International.
The company raised quarterly dividends to CAD $1.18/share. This is a 7.27% increase over the dividend paid during the same time last year. This is the 16th consecutive annual dividend increase for this dividend achiever.
Over the past decade, the bank has managed to grow dividend at an annualized rate of 8.62%.
Between 2015 and 2024, the company managed to grow earnings from CAD $4.56/share to CAD $10.78/share.
The bank is expected to earn CAD $10.96/share in 2025.
The stock sells for 10.96 times forward earnings and yields 3.50%.
Royal Bank of Canada (RY) operates as a diversified financial service company worldwide. Its Personal Banking segment offers home equity financing, personal lending, chequing and savings accounts, private banking, auto financing, mutual funds, GICs, credit cards, and payment products and solutions.
The company raised quarterly dividends to CAD $1.54/share. This is an 8.45% increase over the dividend paid during the same time last year. This is the 13th consecutive annual dividend increase for this dividend achiever.
Over the past decade, the bank has managed to grow dividend at an annualized rate of 6.89%.
Between 2015 and 2024, the company managed to grow earnings from CAD $6.75/share to CAD $11.27/share.
The bank is expected to earn CAD $13.29/share in 2025.
The stock sells for 13.09 times forward earnings and yields 3.54%.
Relevant Articles:
- Nine Companies Raising Dividends Last Week
