Monitoring dividend increases for stocks on my watch list helps me 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
This past week, 30 companies that declared dividend increases passed these screens. Part 1 covers the Utilities and Energy