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10 Dividend Increases: August 22-September 2, 2016

Summary

Companies can only increase their dividends regularly if earnings grow sufficiently.

Monitoring dividend increases for stocks on my watch list helps me identify candidates for further analysis.

Recently, 10 companies on my watch list announced dividend increases, including one of my DivGro holdings.

Monitoring dividend increases for stocks on my watch list helps me identify candidates for further analysis. Companies that regularly increase dividends show confidence in future earnings growth potential. In the past few weeks, 10 companies on my watch list announced dividend increases, including one of my DivGro holdings. The following table presents a summary.

The table is sorted by percentage increase, %Incr. Dividends are annualized and in US dollar, 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).

Summary of Dividend Increases: August 22-September 2, 2016
Previous Post: 9 Dividend Increases: August 15-19, 2016

Previous Post: 9 Dividend Increases: August 15-19, 2016

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• Tesoro Corp. (NYSE:TSO)

TSO is an independent petroleum refining, logistics, and marketing company in the United States. The company refines crude oil and other feedstocks into transportation fuels, selling refined products in the wholesale and bulk markets. It owns and operates 6 refineries with a combined crude oil capacity of approximately 875 thousand barrels per day. The company's publicly traded limited partnership, Tesoro Logistics LP (NYSE:TLLP), owns and operates a network of pipelines; truck and marine terminals; and approximately 15 million barrels of storage capacity. TSO was founded in 1968 and is headquartered in San Antonio, Texas. The company declared a quarterly dividend of 55¢ per share, an increase of 10.00% over the prior quarterly dividend. The dividend is payable September 15, with an ex-dividend date of August 29.

• Altria Group Inc. (NYSE:MO)

MO was founded in 1919 and is headquartered in Richmond, Virginia. Through its subsidiaries, the company engages in the manufacture and sale of cigarettes, smokeless products, and wine. One wholly owned subsidiary (Phillip Morris Capital Corporation) maintains a portfolio of leveraged and direct finance leases. In March 2008, MO spun off the subsidiary Phillip Morris (NYSE:PM) to protect it from litigation in the...


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