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17 Dividend Increases: May 2-6, 2016

Summary

Companies that regularly raise dividends show confidence in the potential growth of future earnings.

I monitor dividend increases for stocks on my watch list of dividend growth stocks to identify candidates for further analysis.

In the past week, 17 companies on my watch list declared dividend increases, including 1 of the stocks I own.

I monitor dividend increases for stocks on my watch list of dividend growth stocks to identify candidates for further analysis. Companies can only increase their dividends regularly if earnings grow sufficiently.

In the last week, 17 companies on my watch list decided to increase their dividends, including 1 of the stocks I own. The table below presents a summary of these increases.

The table is sorted by percentage increase, %Incr. Dividends are annualized and in US$, unless otherwise indicated. Yield is the new dividend yield for the market close Price on the date listed. Yrs are years of consecutive dividend increases, while 5-yr DGR is the compound annual growth rate of the dividend over a 5-year period. 1-yr %Incr is the percentage increase from the year-ago dividend. (Some companies increase their dividends more than once a year, so this puts the most recent dividend increase in context).

• Tractor Supply Company (NASDAQ:TSCO)
TSCO operates rural lifestyle retail stores in the United States, supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The company operates over 1,500 stores across the USA under the names Tractor Supply Company, Del's Feed & Farm Supply and HomeTown Pet. It also operates a website under the name TractorSupply.com. The company increased its quarterly dividend by 20.00%, from 20¢ per share to 24¢ per share. All shareholders of record on May 16 can expect the dividend to be paid on June 1.

• Marriott International Inc (NASDAQ:MAR)
MAR operates, franchises, and licenses hotels and timeshare properties in approximately 90 countries and territories worldwide. The company also develops, operates and markets residential properties and provides services to home or condominium owner associations. The company operates its properties under well-known brand names such as The Ritz-Carlton, Bulgari Hotels & Resorts and Marriott Hotels, amongst many others. MAR was founded in 1971 and is headquartered in Bethesda, Maryland. Recently, MAR increased its quarterly dividend by 20.00% to 30¢ per share. The new dividend is payable on June 30 to shareholders of record on May 20. The ex-dividend date will be May 18.

• Cardinal Health Inc (NYSE:CAH)
Founded in 1979 and headquartered in Dublin, Ohio, CAH is a healthcare services company providing pharmaceutical and medical products and services that help pharmacies, hospitals and other healthcare providers focus on patient care. CAH also provides medical products to patients in the home. The company announced an increase of its quarterly dividend of 15.99% to 44.89¢ per share. The dividend is payable on July 15 to shareholders of record on July 1. The ex-dividend date is June 29.

• National Healthcare Corp (NYSEMKT:NHC)
NHC is engaged in the operation of skilled nursing facilities with associated assisted living and independent living centers. The company provides sub-acute skilled and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, senior living services, and home healthcare services. It operates in 10 states in the United States, with owned and leased properties located primarily in the southeastern, northeastern, and Midwestern parts of the United States. NHC was founded in 1971 and is based in Murfreesboro, Tennessee. The company increased its quarterly dividend by 12.50%, from 40¢ per share to 45¢ per share. The dividend is payable on September 1 to shareholders of record on May 30. NHC will trade ex-dividend on June 28.

• Sinclair Broadcast Group Inc (NASDAQ:SBGI)
SBGI is a television broadcasting company operating in the United States. On February 26, 2016, the company owned...


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