Those of you who follow this series of articles know that I track the dividend increases of a variety of long-term dividend growth companies. Back at the end of March, I provided predictions for 16 dividend growth companies that have historically announced annual payout increases in April.
But first, I was surprised by one out-of-cycle announcement of a payout increase. ADP (ADP), which just announced its annual dividend increase in the 4th quarter of 2017, announced a 9.5% dividend increase to an annualized $2.76. The payroll and business services company has a forward