Darren415
Companies that grow dividends over time have been shown to beat the broader market. Management’s dividend increases are an important signal that the business is performing well and the company can and wants to reward shareholders. I track upcoming dividend increases from companies with a history of increasing them. The lists below contain different data points for the stocks increasing their dividends next week. This is especially important during these inflationary times.
This list is a trimmed-down version, only covering dividend increases. A full upcoming dividend calendar is always available here.
How I Created The Lists
I created the information below by combining the “U.S. Dividend Champions” spreadsheet hosted here with upcoming dividend information from NASDAQ. This meshes metrics about companies with dividend growth history with upcoming dividend payments. These companies all have a minimum five-year dividend growth history.
Companies are required to have higher total dividends paid out each year. Therefore, a company may not raise its dividend each calendar year, but the total annual dividend can still increase.
What Is The Ex-Dividend Date?
The “ex-dividend” date is when you are no longer entitled to the dividend or distribution. You need to have made your purchase by the preceding business day. For example, if the date is a Tuesday, you need to have purchased (or already owned) shares by the market close on Monday. Be aware that for any stock going ex-dividend on a Monday (or Tuesday if Monday is a holiday), you must own it by the prior Friday.
Dividend Streak Categories
Here are the definitions of the streak categories, as I’ll use them throughout the piece.
- King: 50+ years
- Champion/Aristocrat: 25+ years
- Contender: 10-24 years
- Challenger: 5+ years
| Category | Count |
| King | 2 |
| Champion | 3 |
| Contender | 13 |
| Challenger | 5 |
The Dividend Increasers List
Data has been sorted by the ex-dividend day (ascending) and then by the streak (descending):
| Name | Ticker | Streak | Forward Yield | Ex-Div Date | Increase Percent | Streak Category |
| Griffon Corporation | (GFF) | 10 | 1.1 | 28-Nov-22 | 11.11% | Contender |
| KeyCorp | (KEY) | 10 | 4.33 | 28-Nov-22 | 5.13% | Contender |
| CRA International, Inc. | (CRAI) | 5 | 1.19 | 28-Nov-22 | 16.13% | Challenger |
| Stepan Company | (SCL) | 53 | 1.32 | 29-Nov-22 | 8.96% | King |
| Tennant Company | (TNC) | 49 | 1.68 | 29-Nov-22 | 6.00% | Champion |
| Hubbell Inc | (HUBB) | 14 | 1.75 | 29-Nov-22 | 6.67% | Contender |
| Dolby Laboratories | (DLB) | 6 | 1.52 | 29-Nov-22 | 8.00% | Challenger |
| McDonald’s Corporation | (MCD) | 46 | 2.22 | 30-Nov-22 | 10.14% | Champion |
| Lockheed Martin Corporation | (LMT) | 19 | 2.49 | 30-Nov-22 | 7.14% | Contender |
| Hartford Financial Services Group, Inc. | (HIG) | 11 | 2.25 | 30-Nov-22 | 10.39% | Contender |
| MidWestOne Financial Group, Inc. | (MOFG) | 11 | 2.77 | 30-Nov-22 | 0.42% | Contender |
| Tyson Foods, Inc. | (TSN) | 10 | 2.86 | 30-Nov-22 | 4.35% | Contender |
| Associated Banc-Corp | (ASB) | 10 | 3.45 | 30-Nov-22 | 5.00% | Contender |
| Nelnet, Inc. | (NNI) | 7 | 1.05 | 30-Nov-22 | 8.33% | Challenger |
| Brown Forman Inc Class B | (BF.B) | 37 | 1-Dec-22 | 8.99% | Champion | |
| Brown Forman Inc Class A | (BF.A) | 22 | 1-Dec-22 | 8.99% | Contender | |
| C.H. Robinson Worldwide, Inc. | (CHRW) | 22 | 2.49 | 1-Dec-22 | 10.91% | Contender |
| Churchill Downs, Incorporated | (CHDN) | 10 | 0.32 | 1-Dec-22 | 7.05% | Contender |
| D.R. Horton, Inc. | (DHI) | 8 | 1.18 | 1-Dec-22 | 11.11% | Challenger |
| American National Bankshares, Inc. | (AMNB) | 6 | 3.14 | 1-Dec-22 | 7.14% | Challenger |
| Lancaster Colony Corporation | (LANC) | 59 | 1.67 | 2-Dec-22 | 6.25% | King |
| Nike, Inc. | (NKE) | 20 | 1.27 | 2-Dec-22 | 11.48% | Contender |
| Cass Information Systems, Inc | (CASS) | 19 | 2.69 | 2-Dec-22 | 3.57% | Contender |
Field Definitions
Streak: Years of dividend growth history are sourced from the U.S. Dividend Champions spreadsheet.
Forward Yield: The new payout rate is divided by the current share price.
Ex-Dividend Date: This is the date you need to own the stock.
Increase Percent: The percent increase.
Streak Category: This is the overall dividend history classification of the company.
Show Me The Money
Here’s a table mapping the new rates versus the old rates. It also reiterates the percentage increase. This table is sorted the same way as the first table (ex-dividend day ascending, dividend streak descending).
| Ticker | Old Rate | New Rate | Increase Percent |
| GFF | 0.09 | 0.1 | 11.11% |
| KEY | 0.195 | 0.205 | 5.13% |
| CRAI | 0.31 | 0.36 | 16.13% |
| SCL | 0.335 | 0.365 | 8.96% |
| TNC | 0.25 | 0.265 | 6.00% |
| HUBB | 1.05 | 1.12 | 6.67% |
| DLB | 0.25 | 0.27 | 8.00% |
| MCD | 1.38 | 1.52 | 10.14% |
| LMT | 2.8 | 3 | 7.14% |
| HIG | 0.385 | 0.425 | 10.39% |
| MOFG | 0.237 | 0.238 | 0.42% |
| TSN | 0.46 | 0.48 | 4.35% |
| ASB | 0.2 | 0.21 | 5.00% |
| NNI | 0.24 | 0.26 | 8.33% |
| BF.B | 0.189 | 0.206 | 8.99% |
| CHRW | 0.55 | 0.61 | 10.91% |
| BF.A | 0.189 | 0.206 | 8.99% |
| AMSF | 0.31 | 4.31 | 1290.32% |
| DHI | 0.225 | 0.25 | 11.11% |
| AMNB | 0.28 | 0.3 | 7.14% |
| LANC | 0.8 | 0.85 | 6.25% |
| NKE | 0.305 | 0.34 | 11.48% |
| CASS | 0.28 | 0.29 | 3.57% |
Additional Metrics
Some different metrics related to these companies include yearly pricing action and the P/E ratio. The table is sorted the same way as the table above. A value investor may find stock ideas with those companies near their 52-week lows, as they could provide more margin of safety and inflated yield.
| Ticker | Current Price | 52 Week Low | 52 Week High | PE Ratio | % Off Low | % Off High |
| GFF | 36.22 | 16.23 | 36.42 | 16.54 | 123% Off Low | 1% Off High |
| KEY | 18.93 | 15.26 | 26.41 | 13.82 | 24% Off Low | 28% Off High |
| CRAI | 121.42 | 77.8 | 123.68 | 16.2 | 56% Off Low | 2% Off High |
| SCL | 110.35 | 91.64 | 124.58 | 25.18 | 20% Off Low | 11% Off High |
| TNC | 62.92 | 54.68 | 84.65 | 30.59 | 15% Off Low | 26% Off High |
| HUBB | 256.08 | 167.95 | 259.19 | 22.9 | 52% Off Low | 1% Off High |
| DLB | 71.18 | 61.55 | 95.9 | 40.56 | 16% Off Low | 26% Off High |
| MCD | 273.26 | 215.3 | 281.67 | 31.88 | 27% Off Low | 3% Off High |
| LMT | 481.39 | 323.81 | 494.66 | 15.61 | 49% Off Low | 3% Off High |
| HIG | 75.54 | 60.17 | 75.55 | 9.53 | 26% Off Low | 0% Off High |
| MOFG | 34.26 | 27.17 | 35.58 | 125.01 | 26% Off Low | 4% Off High |
| TSN | 67.12 | 62.94 | 99.62 | 11.49 | 7% Off Low | 33% Off High |
| ASB | 24.33 | 17.28 | 25.5 | 8.44 | 41% Off Low | 5% Off High |
| NNI | 99.06 | 72.73 | 99.35 | 17.35 | 36% Off Low | 0% Off High |
| BF.B | 72.56 | 59.9 | 77.95 | 41.84 | 21% Off Low | 7% Off High |
| CHRW | 98.14 | 85.26 | 120.65 | 27.87 | 15% Off Low | 19% Off High |
| BF.A | 72.65 | 56.65 | 76.4 | 36.73 | 28% Off Low | 5% Off High |
| CHDN | 222.25 | 172.75 | 249.33 | 0 | 29% Off Low | 11% Off High |
| DHI | 84.5 | 59.07 | 109.48 | 11.51 | 43% Off Low | 23% Off High |
| AMNB | 38.2 | 31.62 | 39.05 | 11 | 21% Off Low | 2% Off High |
| LANC | 203.59 | 115.68 | 214 | 35.87 | 76% Off Low | 5% Off High |
| NKE | 106.69 | 82.22 | 172.03 | 82.77 | 30% Off Low | 38% Off High |
| CASS | 43.17 | 31.34 | 44.36 | 24.93 | 38% Off Low | 3% Off High |
Tickers By Yield And Growth Rates
Some investors are more interested in the current yield, so I sorted this table descending by yield. The table also includes some historical dividend growth rates as a bonus. Additionally, the “Chowder Rule” has been included, the current yield + five-year dividend growth rate.
| Ticker | Yield | 1 Yr DG | 3 Yr DG | 5 Yr DG | 10 Yr DG | Chowder Rule |
| BF.A | 3.5 | 4.8 | 6 | 7.8 | ||
| BF.B | 3.5 | 4.8 | 6 | 7.8 | ||
| KEY | 4.33 | 0 | 20.3 | 19 | 28.6 | 23.3 |
| ASB | 3.45 | 1.4 | 8.7 | 10.9 | 33.5 | 14.3 |
| AMNB | 3.14 | 0 | 3 | 2.6 | 1.6 | 5.7 |
| TSN | 2.86 | 7.3 | 16 | 26.1 | 27.1 | 29 |
| MOFG | 2.77 | 5.3 | 6.8 | 7.5 | 16.1 | 10.3 |
| CASS | 2.69 | 0.9 | 11 | 10.4 | 10.8 | 13 |
| LMT | 2.49 | 8.5 | 9.3 | 9.6 | 13.5 | 12.1 |
| CHRW | 2.49 | 0.5 | 3.7 | 4.1 | 6.2 | 6.6 |
| HIG | 2.25 | 8 | 11.3 | 10 | 16.2 | 12.3 |
| MCD | 2.22 | 4.3 | 8.9 | 7.8 | 8 | 10 |
| HUBB | 1.75 | 7.9 | 8.6 | 9.5 | 10 | 11.2 |
| TNC | 1.68 | 3.4 | 2.7 | 2.6 | 3.4 | 4.3 |
| LANC | 1.67 | 7.3 | 7.9 | 8.5 | 8.6 | 10.2 |
| DLB | 1.52 | 3.5 | 12.4 | 13.9 | 15.5 | |
| SCL | 1.32 | 10.7 | 10.6 | 9.7 | 8.9 | 11 |
| NKE | 1.27 | 12.1 | 11.1 | 11.5 | 13.6 | 12.8 |
| CRAI | 1.19 | 13.5 | 15.8 | |||
| DHI | 1.18 | 14.8 | 17.7 | 20.7 | 17.9 | 21.9 |
| GFF | 1.1 | 5.9 | 5.3 | 10.6 | 11.7 | |
| NNI | 1.05 | 10.3 | 11.5 | 13.3 | 10.8 | 14.4 |
| CHDN | 0.32 | 7.1 | 7.1 | 10.2 | 14.1 | 10.5 |
Historical Returns
I’m always searching for dividend-growth stocks with a history of beating a market benchmark. I use the Schwab U.S. Dividend Equity ETF (SCHD) as my benchmark. There’s plenty of analysis on it, I’ve written a few articles myself, but the short version encapsulates many of the tenets that dividend growth investors follow. It doesn’t hurt that the performance has been spectacular, with a solid yield and growing dividends.
Here’s the 10-year total return chart for SCHD versus the companies with the highest 3-year dividend increase rate. I am especially interested in the companies that have handily beaten SCHD as a starting point for more research. CRAI, NKE, DHI, HIG, NNI, and TSN have all beaten SCHD in total return over the past decade.
Please do your due diligence before investing, and thanks for reading.
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