ALRS - Investors Look Forward To Annual Dividend Increases From Target Caterpillar In June

2024-06-02 02:35:35 ET

Summary

• Eleven long-term dividend growth companies announced their annual dividend increases in the second half of May.
• Most of the increases were modest - in the mid-single digit percentages - but defense contractor Northrop Grumman rewarded investors with a 10% boost.
• Investors will see some good increases in June, including a 10%+ increase from Caterpillar, although widely-held retailer Target will likely announce a minimal increase.

This is the latest in my series of articles where I provide predictions of annual dividend increases for long-term dividend growth companies. In the middle of May, I provided predictions for 11 dividend growth companies that have historically announced annual payout increases in the second half of the month. In this article, I’ll look at another 9 dividend growth companies that I expect will announce their annual dividend increases in June....

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