One way to identify dividend growth stocks for further analysis is to monitor dividend increases. Companies can only raise their dividends regularly if earnings grow sufficiently.
I use the CCC List as a starting point and apply the following screens:
- Market cap ≥ $500 million
- No stocks that are being acquired
- No Over-The-Counter or Pink Sheet stocks
- Dividend Yield ≥ 1.5% for Challengers
- Dividend Yield ≥ 1.0% for Contenders and Champions
In the past week, 18 companies passing the above screens announced dividend increases, including two of my DivGro holdings. The following table presents a