7 Upcoming Dividend Increases

Dividend Increases - Several companies are set to increase their dividends, with the average increase being 7.1% and a median of 5.9% [23] - The companies listed include Source Corporation (SRCE) with a 5.88% increase, NextEra Energy Partners (NEP) with a 1.40% increase, and Orrstown Financial Services (ORRF) with a notable 15.00% increase [28] Company Performance Metrics - SRCE has a current price of $63.06, a P/E ratio of 12.6, and is 57% off its 52-week low [4] - NEP's current price is $26, with a P/E ratio of 0 and is 42% off its 52-week low [4] - FSBW has a current price of $42.85, a P/E ratio of 7.19, and is 57% off its 52-week low [4] - ORRF's current price is $34.27, with a P/E ratio of 8.81, and is 82% off its 52-week low [4] Dividend Yield and Growth Rates - ORRF has a yield of 2.68% with a 1-year dividend growth rate of 2.6% [15] - FSBW has a yield of 2.52% and a 5-year dividend growth rate of 28.6% [15] - SRCE has a yield of 2.28% and a 10-year growth rate of 7.9% [15] - NEP stands out with a yield of 14% and a 5-year growth rate of 13.8% [15] Historical Returns - FSBW has shown a total return of 50% over the past decade, translating to a 19.7% CAGR [18] - SRCE and ODC have also outperformed the benchmark SCHD, with total returns of 220% and 200%, respectively [7] Ex-Dividend Dates - The ex-dividend date for SRCE is August 5, 2024, for NEP is August 6, 2024, and for FSBW is August 7, 2024 [28]