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7 Dividend Increases: May 9-13, 2016

Summary

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

One way to identify dividend growth stocks for further analysis is to monitor dividend increases.

In the last week, 7 companies on my watch list announced dividend increases.

One way to identify dividend growth stocks

for further analysis is to monitor dividend increases. Companies that regularly raise dividends show confidence in the potential growth of future earnings. This past week, 7 companies on my watch list decided to increase their dividends. The following table presents a summary.

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).

• Lennox International Inc (NYSE:LII)
LII provides heating, air conditioning, and refrigeration products. The company sells its products and services through a combination of direct sales, distributors and company-owned parts and supplies stores. It operates in the United States, Canada, Europe, the Asia Pacific, and South America. LII was founded in 1895 and is headquartered in Richardson, Texas. The board of directors of LII has declared a quarterly dividend of 43¢ per share. The new dividend is 19.44% above the prior dividend of 36¢ per share. The dividend is payable on July 15 to shareholders of record on June 30. The ex-dividend date is June 28.

• FactSet Research Systems Inc (NYSE:FDS)
FDS provides integrated financial information and analytical applications to investment communities in the United States, Europe...


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