13 Upcoming Dividend Increases Including One King

Dividend increases are an important sign from management that business is going well, and the company can and wants to reward shareholders. I track upcoming dividend increases from companies with a history of increasing them. The lists below contain different data points for the stocks increasing their dividends next week. This is especially important during these inflationary times.

This list is a trimmed-down version, only covering dividend increases. A full upcoming dividend calendar is always available here.

How I Created The Lists

I created the information below by combining the “US Dividend Champions” spreadsheet hosted here with upcoming dividend information from NASDAQ. This meshes metrics about companies with dividend growth history with upcoming dividend payments. These companies all have a minimum five-year dividend growth history.

Companies are required to have higher total dividends paid out each year. Therefore, a company may not raise its dividend each calendar year, but the total annual dividend can still increase.

What Is The Ex-Dividend Date?

The “ex-dividend” date is when you are no longer entitled to the dividend or distribution. You need to have made your purchase by the preceding business day. For example, if the date is a Tuesday, you need to have purchased (or already owned) shares by the market close on Monday. Be aware that for any stock going ex-dividend on a Monday (or Tuesday, if Monday is a holiday), you must own it by the prior Friday.

Dividend Streak Categories

Here are the definitions of the streak categories, as I’ll use them throughout the piece.

• King: 50+ years
• Champion/Aristocrat: 25+ years
• Contender: 10-24 years
• Challenger: 5+ years

Category	Count
King	1
Champion	2
Contender	7
Challenger	3

The Main List

Data has been sorted by the ex-dividend day (ascending) and then by the streak (descending):

Name	Ticker	Streak	Forward Yield	Ex-Div Date	Increase Percent	Streak Category
National Fuel Gas Company	(NFG)	51	2.76	29-Jun-22	4.40%	King
W. P. Carey Inc. REIT	(WPC)	24	4.96	29-Jun-22	0.19%	Contender
National HealthCare Corporation	(NHC)	17	3.29	29-Jun-22	3.64%	Contender
Lennox International, Inc.	(LII)	12	2.25	29-Jun-22	15.22%	Contender
Alexandria Real Estate Equities, Inc.	(ARE)	11	3.54	29-Jun-22	2.61%	Contender
Algonquin Power & Utilities Corp. Common Shares	(AQN)	10	5.42	29-Jun-22	5.85%	Contender
TowneBank	(TOWN)	10	3.27	29-Jun-22	15.00%	Contender
CVB Financial Corporation	(CVBF)	7	3.07	29-Jun-22	5.56%	Challenger
Investar Holding Corporation	(ISTR)	7	1.66	29-Jun-22	5.88%	Challenger
Realty Income Corporation	(O)	28	4.47	30-Jun-22	0.40%	Champion
Cardinal Health, Inc.	(CAH)	26	3.76	30-Jun-22	1.02%	Champion
Acme United Corporation.	(ACU)	17	1.86	30-Jun-22	7.69%	Contender
Bank of Nova Scotia Halifax Pfd 3 Ordinary Shares	(BNS)	6	6.84	1-Jul-22	3.00%	Challenger

Field Definitions

Streak: Years of dividend growth history are sourced from the US Dividend Champions spreadsheet.

Forward Yield: The new payout rate is divided by the current share price.

Ex-Dividend Date: This is the date you need to own the stock.

Increase Percent: The percent increase.

Streak Category: This is the overall dividend history classification of the company.

Show Me The Money

Here’s a table mapping the new rates versus the old rates. It also reiterates the percentage increase. This table is sorted the same way as the first table (ex-dividend day ascending, dividend streak descending).

Ticker	Old Rate	New Rate	Increase Percent
NFG	0.455	0.475	4.40%
WPC	1.057	1.059	0.19%
NHC	0.55	0.57	3.64%
LII	0.92	1.06	15.22%
ARE	1.15	1.18	2.61%
TOWN	0.2	0.23	15.00%
AQN	0.171	0.181	5.85%
ISTR	0.085	0.09	5.88%
CVBF	0.18	0.19	5.56%
O	0.247	0.248	0.40%
CAH	0.491	0.496	1.02%
ACU	0.13	0.14	7.69%
BNS (CAD)	1	1.03	3.00%

Additional Metrics

Some different metrics related to these companies include yearly pricing action and the P/E ratio. The table is sorted the same way as the table above. A value investor may find stock ideas with those companies near their 52-week lows, as they could provide more margin of safety and inflated yield.

Ticker	Current Price	52 Week Low	52 Week High	PE Ratio	% Off Low	% Off High
NFG	65.98	48.09	75.97	0	37% Off Low	13% Off High
WPC	85.43	70.92	86.48	26.9	20% Off Low	1% Off High
NHC	69.39	61.51	76.63	37.14	13% Off Low	9% Off High
LII	188.28	182.85	351.34	29.85	3% Off Low	46% Off High
ARE	133.4	130	223.67	39.54	3% Off Low	40% Off High
TOWN	28.13	27.01	34.56	12.85	4% Off Low	19% Off High
AQN	13.29	12.88	16.01	19.22	3% Off Low	17% Off High
ISTR	21.75	16.92	23.23	14.08	29% Off Low	6% Off High
CVBF	24.75	18.26	25.22	16.18	36% Off Low	2% Off High
O	66.38	62.29	75.14	50.39	7% Off Low	12% Off High
CAH	52.61	45.03	64.53	16.75	17% Off Low	18% Off High
ACU	30.11	29.7	45.51	16.25	1% Off Low	34% Off High
BNS	60.25	57.08	74.02	13.02	6% Off Low	19% Off High

Tickers By Yield And Growth Rates

Some investors are more interested in the current yield, so I sorted this table descending by yield. The table also includes some historical dividend growth rates as a bonus. Additionally, the “Chowder Rule” has been included, the current yield + five-year dividend growth rate.

Ticker	Yield	1 Yr DG	3 Yr DG	5 Yr DG	10 Yr DG	Chowder Rule
BNS	6.84	3.5	13.5	0.6	1	7.4
AQN	5.42	10	10	10		15.6
WPC	4.96	0.8	1.1	1.6	7.3	6.7
O	4.47	2	2.8	3.8	5	8.4
CAH	3.76	1	1.5	3.9	9.3	7.8
ARE	3.54	5.8	6.7	6.8	9.9	10.4
NHC	3.29	0	2.4	4.8	6.2	8.2
TOWN	3.27	2.8	8.5	8.6	9.1	12
CVBF	3.07	25	17.1	13.4	10.2	16.6
NFG	2.76	2.3	2.4	2.4	2.6	5.2
LII	2.25	4.9	14.2	16.4	17.2	18.7
ACU	1.86	4.2	-3.1	5.1	7.6	6.9
ISTR	1.66	44.6	52.2	56.9		58.6

Here are some notes about this week’s list:

• NFG, which became a dividend king last year, extends its streak with a 4.4% increase.
• Popular real-estate companies WPC and O both have quarterly increases.
• BNS issued a 3% increase in Canadian dollars; the above rate denotes that.
• Many companies are well off their 52-week highs from the general market turmoil.

Please do your due diligence before investing, and thanks for reading.