6 Upcoming Dividend Increases Including A Dividend King

Core Viewpoint - The article discusses recent dividend increases among companies, highlighting the importance of dividend growth for investors and providing a list of companies expected to raise their dividends in the upcoming week [1]. Dividend Increases - This week, there are six dividend increases, including Cincinnati Financial, which has an 8% increase, extending its 64-year streak of dividend growth [1]. - Companies that regularly raise their dividends tend to perform better than those that do not, making dividend growth a key focus for investors [1]. Data Compilation Methodology - The lists of dividend increasers are created by merging data from the "U.S. Dividend Champions" spreadsheet and upcoming dividend data from NASDAQ, focusing on companies with at least five years of consistent dividend growth [2]. Ex-Dividend Date - The ex-dividend date is crucial for investors to know when they must purchase shares to qualify for the upcoming dividend [3]. Dividend Streak Categories - The article categorizes companies based on their dividend growth history: - King: 50+ years - Champion/Aristocrat: 25+ years - Contender: 10-24 years - Challenger: 5+ years [4]. Dividend Increasers List - The list includes: - Cincinnati Financial Corporation (CINF): 64 years, 8% increase, ex-dividend date March 18, 2024 - Vistra Corp. (VST): 6 years, 0.94% increase, ex-dividend date March 19, 2024 - Best Buy Co., Inc. (BBY): 21 years, 2.17% increase, ex-dividend date March 20, 2024 - Sempra (SRE): 20 years, 4.20% increase, ex-dividend date March 20, 2024 - Restaurant Brands International Inc. (QSR): 12 years, 5.45% increase, ex-dividend date March 20, 2024 - Turning Point Brands, Inc. (TPB): 7 years, 7.69% increase, ex-dividend date March 21, 2024 [5][6]. Historical Dividend Rates - The article provides a comparison of old and new dividend rates, emphasizing the percentage increase for each company [9]. Additional Metrics - The article includes various metrics such as current price, 52-week low/high, and P/E ratio for the listed companies, aiding investors in making informed decisions [11]. Yield and Growth Rates - A table is provided that ranks companies by yield and includes historical dividend growth rates, along with the "Chowder Rule" which combines current yield and five-year dividend growth rate [13]. Performance Benchmark - The Schwab U.S. Dividend Equity ETF (SCHD) is used as a benchmark for evaluating the performance of dividend-paying stocks, with a total return of 169% noted [14][16].