8 Expected Dividend Increases In July 2024

Core Viewpoint - The article discusses eight dividend stocks expected to announce dividend increases in July 2024, highlighting their current and forecasted dividend yields, historical performance, and the significance of dividend growth in investment decisions [4][10]. Dividend Stocks Overview Stanley Black & Decker (SWK) - Current Dividend Yield: 3.99% (as of 7/9/24) - Forecasted Dividend Yield: 4.16% - Consecutive Dividend Increases: 55+ - 2023 Dividend Increase: 1.25% - 5-Year Average Dividend Growth Rate: 4.18% [3] Cummins (CMI) - Current Dividend Yield: 2.49% (as of 7/9/24) - Forecasted Dividend Yield: 2.69% - Consecutive Dividend Increases: 18+ - 2023 Dividend Increase: 7.01% - 5-Year Average Dividend Growth Rate: 8.08% [3] J.M. Smuckers (SJM) - Current Dividend Yield: 3.86% (as of 7/9/24) - Forecasted Dividend Yield: 4.03% - Consecutive Dividend Increases: 23+ - 2023 Dividend Increase: 3.92% - 5-Year Average Dividend Growth Rate: 4.51% [7] Cintas (CTAS) - Current Dividend Yield: 0.76% (as of 7/9/24) - Forecasted Dividend Yield: 0.92% - Consecutive Dividend Increases: 35+ - 2023 Dividend Increase: 17.39% - 5-Year Average Dividend Growth Rate: 21.37% [8] Mondelez (MDLZ) - Current Dividend Yield: 2.57% (as of 7/9/24) - Forecasted Dividend Yield: 2.84% - Consecutive Dividend Increases: 10+ - 2023 Dividend Increase: 10.39% - 5-Year Average Dividend Growth Rate: 10.33% [8] Norfolk Southern (NSC) - Current Dividend Yield: Not specified - Consecutive Dividend Increases: Streak at risk due to no increase last year - 2023 Dividend Payout higher than 2022 [17] PPG Industries (PPG) - Current Dividend Yield: 2.05% (as of 7/9/24) - Forecasted Dividend Yield: 2.19% - Consecutive Dividend Increases: 51+ - 2023 Dividend Increase: 4.84% - 5-Year Average Dividend Growth Rate: 6.65% [18] Hershey's (HSY) - Current Dividend Yield: 2.97% (as of 7/9/24) - Forecasted Dividend Yield: 3.33% - Consecutive Dividend Increases: 14+ - 2023 Dividend Increase: 32.24% - 5-Year Average Dividend Growth Rate: 12.15% [15]