One way to identify dividend growth stocks for further analysis is to monitor dividend increases. Companies that regularly increase dividends show confidence in the potential growth of future earnings.
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
Last week, three companies passing these screens declared dividend increases. The following table provides a summary of these increases.
The table