CalypsoArt
Companies with a history of dividend growth tend to outperform the market. Management’s announcement of dividend increases signifies strong business performance and a commitment to shareholder rewards. I monitor companies with a proven track record of dividend growth to provide provide you with up-to-date information on ongoing increases. The lists below offer valuable information on stocks that will increase their dividends over the coming week. This information is particularly relevant in today’s inflationary environment.
This list is a lite version, covering only dividend increases. A full schedule of upcoming dividends is always available here.
How I created the lists
I created the information below by combining the “US Dividend Champions” spreadsheet hosted here with information on upcoming NASDAQ dividends. This combines metrics on companies with a history of dividend growth with upcoming dividend payments. These companies all have a history of dividend growth of at least five years.
Companies are required to pay higher total dividends each year. Therefore, a company may not increase its dividend every calendar year, but the total annual dividend may still increase.
What is the ex-dividend date?
The ex-dividend date marks the cut-off point for eligibility to receive the upcoming dividend or distribution. To qualify, you must have purchased shares at the close of the previous business day. For example, if the ex-dividend date falls on a Tuesday, you must have bought (or already owned) the stock when the market closed on Monday. Note that if the ex-dividend date is a Monday (or Tuesday if Monday is a public holiday), you must have acquired the shares the previous Friday.
Dividend Series Categories
Here are the definitions of the sequence categories, as I will be using them throughout the piece.
- King: 50 and over
- Champion/Aristocrat: 25+
- Competitor: 10-24 years old
- Challenger: 5 years and over
| Category | Count |
| King | 0 |
| Champion | 3 |
| Competitor | 4 |
| Challenger | 2 |
The list of dividend enhancers
The data was sorted by ex-dividend day (ascending) then by sequence (descending):
| Name | Teleprinter | Streak | Yield at term | Ex-division date | Increase percentage | series category |
| WEC Energy Group, Inc. | (CME) | 20 | 3.4 | 13-Feb-23 | 7.14% | Competitor |
| Otter Tail Society | (OTTR) | 9 | 2.6 | 13-Feb-23 | 6.31% | Challenger |
| AFLAC Incorporated | (AFL) | 41 | 2.38 | 14-Feb-23 | 5.00% | Champion |
| Enbridge Inc. | (IN B) | 26 | 8.98 | 14-Feb-23 | 3.65% | Champion |
| International Bancshares Corporation | (BDC) | 14 | 2.56 | 14-Feb-23 | 5.00% | Competitor |
| Amgen Inc. | (AMGN) | 12 | 3.55 | 14-Feb-23 | 9.79% | Competitor |
| Eli Lilly and company | (THERE IS) | 9 | 1.33 | 14-Feb-23 | 15.31% | Challenger |
| Chevron Corporation | (CLC) | 36 | 3.55 | 15-Feb-23 | 6.34% | Champion |
| Avista Corporation | (AV) | 20 | 4.33 | 16-Feb-23 | 4.55% | Competitor |
Field definitions
Streak: Years of dividend growth history are from the US Dividend Champions spreadsheet.
Yield at term: The new payout rate is divided by the current share price.
Ex-dividend date: This is the date you must own the stock.
Increase percentage: The percentage increase.
series category: This is the overall classification of the company’s dividend history.
show me the money
Here is a table listing the new rates versus the old rates. He also reiterates the percentage increase. This table is sorted in the same way as the first table (increasing ex-dividend day, descending dividend sequence).
| Teleprinter | Old tariff | New tariff | Increase percentage |
| CME | 0.728 | 0.78 | 7.14% |
| OTTR | 0.412 | 0.438 | 6.31% |
| AFL | 0.4 | 0.42 | 5.00% |
| IN B | 0.631 | 0.654 | 3.65% |
| BDC | 0.6 | 0.63 | 5.00% |
| AMGN | 1.94 | 2.13 | 9.79% |
| THERE IS | 0.98 | 1.13 | 15.31% |
| CLC | 1.42 | 1.51 | 6.34% |
| AV | 0.44 | 0.46 | 4.55% |
Additional Metrics
Some different metrics related to these companies include annual price action and P/E ratio. The table is sorted similarly to the table above. A value investor may find stock ideas from these companies near their 52-week lows, as they could offer a greater margin of safety and inflated yield.
| Teleprinter | Current price | 52 week low | 52 weeks high | P/E ratio | % discount low | High % off |
| CME | 91.67 | 79.55 | 106.5 | 24.61 | 15% off | 14% off |
| OTTR | 63.56 | 52.2 | 81.84 | 5:25 p.m. | 22% off | 22% off |
| AFL | 70.47 | 51.43 | 74.02 | 7.06 | 37% off | 5% discount |
| IN B | 39.55 | 34.48 | 46.22 | 46.92 | 15% off | 14% off |
| BDC | 46.81 | 37.5 | 53.71 | 13.26 | 25% off | 13% off |
| AMGN | 240.24 | 209.61 | 294.64 | 18.27 | 15% off | 18% off |
| THERE IS | 340.7 | 229.7 | 384.44 | 24.13 | 48% off | 11% off |
| CLC | 170.07 | 127.3 | 188.22 | 0 | 34% off | 10% discount |
| AV | 40.6 | 35.31 | 45.45 | 20.94 | 15% off | 11% off |
Tickers by yield and growth rate
I’ve organized the table in descending order of yield for investors who favor current yield. As a bonus, the table also shows some historical dividend growth rates. Additionally, I incorporated the “cahower rule,” which is the sum of the current yield and the five-year dividend growth rate.
| Teleprinter | Yield | 1 United Kingdom | 3 The United Kingdom | 5 The United Kingdom | 10 The United Kingdom | chowder rule |
| IN B | 8.98 | -0.8 | 6.2 | 7.5 | 8.9 | 16.2 |
| AV | 4.33 | 4.2 | 4.3 | 4.3 | 4.3 | 8.5 |
| AMGN | 3.55 | 10.2 | 10.2 | 11 | 18.4 | 14.5 |
| CLC | 3.55 | 7 | 6.1 | 5.6 | 4.9 | 9.1 |
| CME | 3.4 | 7.4 | 7.2 | 7 | 9.3 | 10.4 |
| OTTR | 2.6 | 5.8 | 5.6 | 5.2 | 3.3 | 7.8 |
| BDC | 2.56 | 4.4 | 4.6 | 12.7 | 11.6 | 15.2 |
| AFL | 2.38 | 21.2 | 14 | 13 | 9.1 | 15.4 |
| THERE IS | 1.33 | 15.3 | 15 | 13.5 | 7.2 | 14.8 |
Historical returns
I’m constantly on the lookout for dividend-growing stocks that have a proven track record of outperforming the market. I use the Schwab US Dividend Equity ETF (SCHD) as a benchmark, as it has a strong track record of outperforming, outperforming the S&P 500, and a history of growing dividends.
Historically, SCHD has outperformed the two companies in question. However, my research stops here, as none of these companies have consistently outperformed my benchmark over an extended period.
Eli Lilly was the big winner, although most of the outperformance has come in the past two years. Besides LLY, there were several companies that also performed SCHD. There were also quite a few names, such as ENB, CVX and AVA, which significantly underperformed.
Please do your due diligence before investing, and thank you for reading.