One way to identify dividend growth stocks for further analysis is to monitor dividend increases. Companies that regularly raise their dividend payments show confidence in future earnings growth potential.
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 week, 30 companies that declared dividend increases passed these screens. Of these, ten are stocks in the Financials