Monitoring dividend increases for stocks on my watch is one way to identify candidates for further analysis. Companies can only increase their dividends regularly and sustainably if earnings grow sufficiently.
I look for dividend increase announcements for stocks in the CCC List, but I use several screens to limit the number of stocks to monitor:
- Dividend Yield ≥ 1.0%
- Market cap ≥ $1 billion
- No stocks that are being acquired
- No Over-The-Counter or Pink Sheet stocks
In the last week, 25 companies that announced dividend increases passed these screens, including 5 of my DivGro