Expected Dividend Increases In September 2017

It is time for the most exciting dividend month of the quarter! There is nothing more exciting than seeing the calendar turn and realizing that it is the month that most companies pay their dividend. This is where you really see the fruits of your investing labor and the power of dividend investing flex its muscle. For those of you that are new to our website, each month we create a list of some (not all) companies that are expected to increase their dividend in the coming month. Dividend increases are the name of the game and what we are constantly monitoring on our website; we get pretty darn excited each time a company announces an increase because we know that each successive dividend re-investment results in additional shares, which leads to additional dividend income. The impact may be small on an individual level, but man do these increases add up in the long run. Now it is time to dive into the details and see which companies are expected to announce dividend increases in September.

Actual Dividend Increases in August 2017

I mentioned this was a monthly series, right?Well, before we look ahead to the increase that are expected to occur in September, we wanted to review the increases that were discussed in our August edition. We projected increases for four companies, let’s see if they delivered:

Dover Corp. (DOV) – DOV increased their quarterly dividend to $.47/share from $.44/share, a 6.8% increase. This was spot on with the company’s five-year average dividend increase of 6.9% entering the month.You have to love the consistency!

lIllinois Tool Works (ITW) – ITW posted the largest increase of the group, increasing their quarterly dividend to $.78/share from $.65/share.Just a meager 20% dividend increase!ITW continues to deliver as a low dividend yield, high dividend growth rate company.

Nordson Corp (NDSN) – NDSN increased their quarterly dividend to $.30/shares from $.27/share. This was a bit of a surprise, given the fact that management had posted a 16.7% five-year average dividend growth rate entering the month.

Kellogg Company (K) – K increased their quarterly dividend to $.54/share from $.52/share. Much like DOV, this increase was very much in line with management’s five-year average dividend growth rate entering the month.