Over the past week, the following companies — each of which have grown their dividend every year for at least the past five years in a row — made important announcements regarding their future dividend payments.

Please note that the stocks below aren’t specific investment recommendations. We simply offer this list as an FYI for investors interested in dividend growth stocks that continue to raise their payouts.

Dividend Increases

  • Valmont (VMI) (50% increase)- announced a 50% dividend increase to $.375. The new dividend will be payable on July 15 to shareholders of record on June 27.
  • Clorox (CLX) (4% increase)- announced a quarterly dividend increase to $.74 per share from $.71 per share. The dividend will be payable on August 8, to stockholders of record as of July 23.
  • ACE Limited (ACE) (3% increase)- announced a 3% increase to the company’s quarterly dividend to $2.60 annually, or $.65 per quarter per share. This increase follows a 24% increase in the quarterly dividend that was approved by shareholders on January 10.
  • National Oilwell Varco (NOV) (77% increase)- announced an over 75% increase in its regular quarterly cash dividend to $.46 per share of common stock from $.26 per share of common stock, payable on June 27 to each stockholder of record on June 13.
  • Chesapeake Lodging (CHSP)(4% increase)- has declared a quarterly dividend payment of $.30 per common share. The dividend will be paid on July 15 to shareholders of record at the close of business on June 30.
  • United-Guardian (UG) (2% increase)- announced an increase in its mid-year dividend to $.48 from $.47. The dividend is payable on June 13 to all stockholders as of the close of business on May 30.

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When compiling this list we considered Dave Van Knapp’s “5-Year Rule”… which means we’ve only considered stocks that have grown their dividends each year for at least the past five years.

We identified these stocks using David Fish’s popular “Dividend Champions, Contenders and Challengers” list.

Good investing!
Phil Lamanna

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This information is provided by Theflyonthewall.com

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