In my monitoring process, I tend to analyze companies I own once every 12 to 18 months. However, I also receive push notifications such as annual reports, quarterly press releases, dividend increase notifications. Since most companies I focus on are major multi-national corporations, if they do something significant, it makes the business news.
I review the list of dividend increases every week, as part of my monitoring process. I focus on the companies with at least a ten year history of annual dividend increases, in order to reduce noise.
This process is helpful in monitoring how existing holdings are doing. It is also helpful in uncovering companies for future research.
Auburn National Bancorporation, Inc. (AUBN) operates as the bank holding company for AuburnBank that provides various banking products and services in East Alabama.
The company raised its quarterly dividend by 2% to 26 cents/share. This marked the 20th year of annual dividend increases for this dividend achiever. Over the past decade, the company has managed to increase dividends at an annualized rate of 2.70%.
Between 2010 and 2020, the company managed to grow earnings from $1.47/share to $2.09/share
The company sells for 18.80 times earnings and yields 2.65%
Brookfield Asset Management (BAM) is a leading global alternative asset manager and one of the largest investors in real assets.
The company raised its quarterly dividend by 8.33% tp 13 cents/share.
This is the tenth year of consecutive annual dividend increases for this international dividend achiever. Over the past decade, the company has managed to increase dividends at an annualized rate of 9.20%.
The stock yields 1.21%.
CSX Corporation (CSX) provides rail-based freight transportation services.
The railroad hiked its quarterly dividend by 7.69% to 28 cents/share.
This is the 17th consecutive annual dividend increase for this dividend achiever. Over the past decade, the company has managed to increase dividends at an annualized rate of 12.30%.
CSX Corp earned $1.35/share in 2010, and managed to grow profits to $3.60/share by 2020.
The stock is selling for 20.63 times forward earnings and yields 1.24%.
Eversource Energy (ES) a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution.
This utility company raised its quarterly dividends by 6.17% to 60.25 cents/share.
This was the 23rd consecutive annual dividend increase for this dividend achiever. Over the past decade, the company has managed to increase dividends at an annualized rate of 8.30%.
Between 2009 and 2019, the company managed to grow earnings from $1.91/share to $2.81/share.
The company is expected to earn $3.64/share in 2020.
The stock is selling for 23.41 times forward earnings and yields 2.83%.
NextEra Energy, Inc. (NEE) generates, transmits, and distributes electric power in North America.
NextEra increased its quarterly dividend by 10% to 38.50 cents/share.
This marked the 26th year of annual dividend increases for this dividend aristocrat. Over the past decade, the company has managed to increase dividends at an annualized rate of 10.80%.
The company earned $1.15/share in 2011 and is expected to earn $2.52/share in 2021.
The stock is selling for 33 times forward earnings and yields 1.85%.
Nu Skin Enterprises, Inc. (NUS) develops and distributes personal care and wellness products worldwide. NuSkin raised its quarterly dividend by 1.33% to 38 cents/share.
That was the 21st year of consecutive annual dividend increases for this dividend achiever. Over the past decade, the company has managed to increase dividends at an annualized rate of 11.60%.
Between 2009 and 2019, the company managed to grow earnings from $1.40/share to $3.10/share. Nu Skin Enterprises is expected to earn $3.99/share in 2020.
The stock is selling for 12.24 times forward earnings and yields 3.11%.
NorthWestern Corporation (NWE) provides electricity and natural gas to residential, commercial, and industrial customers. The company operates through Electric Operations and Natural Gas Operations segments.
NorthWestern raised its quarterly dividend by 3.33% to 62 cents/share.
This was the 17th year of annual dividends increases for this dividend achiever. Over the past decade, the company has managed to increase dividends at an annualized rate of 5.80%.
Between 2009 and 2019, the company managed to increase earnings from $2.02/share to $3.98/share.
NorthWestern is expected to earn $3.51/share in 2021.
The stock is selling for 12.24 times forward earnings and yields 3.11%
Primerica, Inc. (PRI) provides financial products to middle income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products.
The company raised its quarterly dividend by 17.50% to 47 cents/share.
This marked the 12th year of annual dividend increases for this dividend achiever. Over the past decade, the company has managed to increase dividends at an annualized rate of 55%.
The company is expected to earn $11.05/share in 2021.
The stock is selling for 12.83 times forward earnings and yields 1.33%.
Robert Half International Inc. (RHI) provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services.
The company raised its quarterly dividends by 11.76% to 38 cents/share.
This was the 18th year of consecutive annual dividend increases for this dividend achiever. Over the past decade, the company has managed to increase dividends at an annualized rate of 10.10%.
Between 2010 and 2020, the company managed to increase earnings from 44 cents/share to $2.70/share. The company is expecting to earn $3.35/share in 2021.
The stock is selling for 22 times forward earnings and yields 2.06%.
Sonoco Products Company (SON) manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company operates through four segments: Consumer Packaging, Display and Packaging, Paper and Industrial Converted Products, and Protective Solutions.
The company raised its quarterly dividend by 4.65% to 45 cents/share.
That was the 39th year of annual dividend increases for this dividend champion. Over the past decade, the company has managed to increase dividends at an annualized rate of 4.50%.
The company earned $2.13/share in 2011 and is expecting to earn $3.54/share in 2021.
The stock is selling for 16.90 times forward earnings and yields 3%.
T. Rowe Price Group, Inc. (TROW) is a publicly owned investment manager.
The company raised its quarterly dividend by 20% to $1.08/share.
This marked the 35th consecutive annual dividend increase for this dividend aristocrat. Over the past decade, the company has managed to increase dividends at an annualized rate of 12.80%.
Between 2010 and 2020, the company has managed to grow earnings from $2.53/share to $9.98/share.
The company is expected to earn $11.98/share in 2021.
The stock is selling for 13.70 times forward earnings and yields 2.65%.
United Parcel Service, Inc. (UPS) provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.
UPS raised its quarterly dividend by 1% to $1.02/share.
That’s the 12th consecutive annual dividend increase for this dividend achiever. Over the past decade, the company has managed to increase dividends at an annualized rate of 7.90%.
The company earned $3.84/share in 2011, and is projected to earn $8.92/share in 2021.
The stock is selling for 18.32 times forward earnings and yields 2.50%.
Cisco Systems, Inc. (CSCO) designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China.
Since initiating a dividend in 2011, Cisco has been rewarding shareholders with a raise annually. The last dividend increase was in February 2021, when the company raised distributions by 2.77% to 37 cents/share. Cisco has a 5-year annualized dividend growth of 13.30%.
Cisco sells for 14.70 times forward earnings and yields 3.13%
PepsiCo, Inc. (PEP) manufactures, markets, and sells various foods, snacks, and carbonated and non-carbonated beverages worldwide. The company operates in four divisions: PepsiCo Americas Foods (PAF), PepsiCo Americas Beverages (PAB), PepsiCo Europe, and PepsiCo Asia, Middle East and Africa (AMEA).
PepsiCo announced a 5.10 percent increase in its annualized dividend to $4.30 per share.
The company is a dividend aristocrat, which has increased distributions for 49 years in a row.
Between 2010 and 2020, PepsiCo managed to grow its earnings from $3.91/share to $5.12/share. The company is expected to earn $6.06/share in 2021.
The stock is selling for 22.10 times forward earnings and yields 3.21%.
Relevant Articles:
- Busiest Week For Dividend Increases Ever
- Seven Companies Rewarding Shareholders With a Raise
- How to read my weekly dividend increase reports
- Dividends Offer an Instant Rebate on Your Purchase Price
As part of my review process, I look at the dividend increases every week. I use the following resources to compile this list, if you are interested to learn more about it.
I tend to narrow my attention down to the companies that have managed to increase dividends for at least ten years in a row. This helps me monitor how my existing investments are doing and also identify some emerging dividend growth success stories early on.
During the past week, there were several companies that managed to raise dividends to shareholders. The companies are listed below:
3M Company (MMM) develops, manufactures, and markets various products worldwide. It operates through four business segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer.
The company raised its quarterly dividend by 0.68% to $1.48/share
This marks the 63rd consecutive year 3M has increased its dividend. 3M is a dividend king that has paid dividends to its shareholders without interruption for more than 100 years.
The pace of dividend increases has definitely slowed down in recent years, and is a far cry from the ten year dividend growth rate of 10.84%.
Between 2010 and 2020, 3M managed to boost earnings from $5.63/share to $9.25share. The company is expected to earn $9.61/share in 2021.
The stock seems fairly valued at 18.62 times forward earnings and a dividend yield of 3.30%.
Avista Corporation (AVA) operates as an electric and natural gas utility company. It operates through two segments, Avista Utilities and AEL&P.
The company raised its quarterly dividend by 4.30% to 42.25 cents/share. The dividend increase marks the nineteenth consecutive year of dividend increases for this dividend achiever.
Avista has managed to increase dividends at an annualized rate of 4.94% during the past decade.
Between 2009 and 2019, Avista managed to grow earnings from $1.58/share to $2.97/share. Avista is expected to earn $1.84/share in 2020.
The stock is selling for 20.75 times forward earnings and yields 4.40%.
Activision Blizzard, Inc. (ATVI) develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision Publishing, Inc.; Blizzard Entertainment, Inc.; and King Digital Entertainment.
The Board of Directors declared an annual dividend of $0.47 per common share, which represents a 14.63% increase from 2020. This marked the 11th year of consecutive annual dividend increases for this dividend achiever.
Over the past decade, Activision Blizzard has managed to increase dividends at an annualized rate of 10.58%.
The company managed to grow earnings from 33 cents/share in 2010 to $$2.22/share in 2020. The company is expected to earn $3.51/share in 2021.
The stock is valued at 28.95 times forward earnings and yields 0.46%.
CME Group Inc. (CME) operates contract markets for the trading of futures and options on futures contracts worldwide.
The company raised its quarterly dividend by 5.88% to 90 cents/share. This marked the 11th year of consecutive annual dividend increases for this dividend achiever. Over the past decade, CME Group has managed to grow distributions at an annualized rate of 13.96%.
CME Group managed to boost earnings from $2.48/share in 2009 to $5.91/share in 2019. The company is expected to earn $6.76/share in 2020.
The company’s stock is selling for 28.31 times forward earnings. CME Group yields 1.88%. This figure does not include the special dividend that is has paid regularly over the past few years – the last payment was for $2.50, which is an extra 1.30% yield.
Quest Diagnostics Incorporated (DGX) provides diagnostic testing, information, and services in the United States and internationally.
Quest Diagnostics raised its quarterly dividend by 10.70% to 62 cents/share. This marked the 10th consecutive annual dividend increase for this newly minted dividend achiever. Over the past decade, the company has managed to raise dividends at an annualized rate of 18.64%.
Between 2010 and 2020, Quest Diagnostics managed to increase earnings from $4.05/share to $8.94/share. The company is expected to earn $10.95/share in 2021.
The stock is selling for 11.12 times forward earnings and yields 2.03%. This looks like an interesting company that is selling at a cheap price, that also grows earnings and dividends. I would put it on my list for further research.
Corning Incorporated (GLW) engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide.
The company raised its quarterly dividend by 9.09% to 24 cents/share. This marked the 11th consecutive annual dividend increase for this dividend achiever. Over the past decade it has managed to boost dividends at an annualized rate of 15.97%.
Corning is expecting to earn $1.96/share in 2021, which is only slightly higher than 2011's earnings of $1.78/share.
The stock is selling for 19.09 times forward earnings and yields 2.56%.
Prudential Financial, Inc. (PRU) provides insurance, investment management, and other financial products and services. It operates through eight segments: PGIM, Retirement, Group Insurance, Individual Annuities, Individual Life, Assurance IQ, International Businesses, and Closed Block.
The company hiked quarterly dividends by 4.50% to $1.15/share. This marked the 13rd consecutive annual dividend increase for this dividend achiever. Over the past decade, the company has actually managed to grow dividends at an annualized rate of 14.36%.
Prudential Financial is expected to earn $11.71/share in 2021. For comparison, Prudential Financial earned $7.12/share in 2010. The company’s earnings per share are all over the place due the cyclical nature of the insurance industry.
The stock is selling for 6.85 times forward earnings and yields 5.73%.
RenaissanceRe Holdings Ltd. (RNR) provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments.
The company raised its quarterly dividend by 2.86% yo 36 cents/share. This marked the 26th consecutive annual dividend increase for this dividend champion. During the past decade, RenaissanceRe Holdings has managed to increase distributions at an annualized rate of 3.42%/year.
RenaissanceRe is expected to earn $14.69/share in 2021.
The stock is selling for 10.84 times forward earnings and yields 0.90%.
Relevant Articles:
- Busiest Week For Dividend Increases Ever
- Seven Companies Rewarding Shareholders With a Raise
- How to read my weekly dividend increase reports
- Dividends Offer an Instant Rebate on Your Purchase Price
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