Ten Dividend Stocks Providing Consistent Raises To Shareholders

As part of my monitoring process, I look at the list of dividend increases every week. I usually focus my attention on the companies that have managed to grow dividends for at least a decade. As a result, I didn’t include shares of Tractor Supply (TSCO), which is a company whose story I am monitoring. 

I also tend to focus on the companies that are growing dividends by more than a token amount, unless of course, I own them. As a result, I didn’t include shares of Microchip Technologies (MCHP), which is raising distributions at a slow rate of less than 1%/year.

For the companies that are left to review, I look at the dividend increase relative to the ten-year average, to determine if dividend increases are moving in the right direction. 

I also review the growth in earnings per share and payout ratio, in order to determine if the dividend is safe and if there is room for further dividend increases down the road.

Last but not least, I also review valuation per my valuation guidelines. Even the best dividend growth stock in the world is not worth buying at excessively high valuation levels.

These are very similar to the criteria I use in my dividend stock analyses. The ideas I use to review companies are also the same types of attributes I use to put companies on the list for further research, to hold off until the right price or to quickly discard into the ‘too hard” box.

One of the reasons why I share these lists is to illustrate my criteria in action, hope to educate others about tools they could implement into their own process. Speaking of process, I find it very important to develop your own process, and to follow it, by continuously improving it as well.

Over the past week, there were several companies that increased dividends. Aside from the ones I already mentioned in a previous post, the companies in today's review include:

Chesapeake Utilities Corporation (CPK), a diversified energy company, engages in regulated and unregulated energy businesses. The company operates in two segments, Regulated Energy and Unregulated Energy. 

The company hiked its quarterly dividend by 9.50% to 40.50 cents/share. This marked the 16th consecutive annual dividend increase for this dividend achiever. During the past decade, this company has been able to grow distributions at an annual rate of 5.70%.

Chesapeake Utilities managed to boost earnings from $1.43/share in 2009 to $3.45/share in 2018. Chesapeake Utilities is expected to earn $3.70/share in 2019.

1 2 3 4
View single page >> |

Disclaimer: I am not a licensed investment adviser, and I am not providing you with individual investment advice on this site. Please consult with an investment professional before you invest ...

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.