Monitoring dividend increases for stocks on my watch is one way to identify candidates for further analysis. Companies that regularly increase their dividends show confidence in future earnings growth potential.
I use the CCC List as a starting point and apply the following screens:
- Dividend Yield ≥ 1.0%
- Market cap ≥ $1 billion
- No stocks that are being acquired
- No Over-The-Counter or Pink Sheet stocks
This past week, 30 companies that decided to increase their dividends passed these screens. I own four of these stocks in my portfolio.
Part 1 of this article covered