As part of my weekly review process, I monitor the list of dividend increases and focus on companies with a history of at least a decade of dividend increases. This process helps me to monitor existing positions, but also to identify companies for further research.

It’s also a good reminder to the companies that I never pulled the trigger, even though I understood them. As an investor, I learn from mistakes I make and hopefully improve over time.

There have been several companies raising dividends over the past week. Companies with a track record of at least a decade in annual dividend increases include:

The Procter & Gamble Company (PG) offers branded packaged items to consumers in North and Latin America, Europe, Asia Pacific, Greater China, India, the Middle East and Africa. It operates in five segments: beauty; Maintenance; Health care; Fabric & home care; and baby, women and family care.

The company increased its quarterly dividend 10% to 86.98 cents / share, as I reported last week. This was the 65th consecutive annual dividend increase for this dividend king.

The company managed to grow earnings from $ 3.93 / share in 2011 to $ 4.96 / share in 2020. It is expected to make $ 5.68 / share in 2021.

Over the past decade, this dividend king has managed to increase annual dividends at an annual rate of 5.20%.

The stock sells for 24.15 times future earnings and offers a yield of 2.30%.

Artesian Resources Corporation (ARTNA) provides water, sewage, and other services in Delaware, Maryland, and Pennsylvania.

Artesian Resources increased its quarterly dividend 1.50% to 26.10 cents / share. This is the 25th straight year this dividend champ has raised dividends.

Over the past decade, this dividend champion has managed to increase annual dividends at an annual rate of 2.90%.

The company managed to grow earnings from $ 0.83 / share in 2011 to $ 1.79 / share in 2020. It is expected to earn $ 1.85 / share in 2021.

The stock is selling for 22.44 times future earnings and offers a yield of 2.48%.

Costco Wholesale Corporation (COST) operates member camps

Costco increased its quarterly dividend 12.90% to 79 cents / share. This is the 17th year in a row that the dividend on this dividend payout has been increased.

Over the past decade, this dividend generator has managed to increase annual dividends at an annual rate of 13.20%.

The company managed to grow earnings from $ 3.30 / share in 2011 to $ 9.02 / share in 2020. It is expected to earn $ 9.95 / share in 2021.

The stock is selling for 37.05 times future earnings and offers a yield of 0.76%.

Costco seems overrated today, but it also appears to have been overrated for a long time. This prevented me from buying into the stock. They tend to pay special dividends to shareholders, and Charlie Munger is an executive there. The company is very well run and I think I understand the business well. The risk of paying 35 to 40 times the future profit from the start is the P / E compression. Then it takes a long time for the valuation to normalize again, even if business is doing well. You don’t want to pay too much of a premium.

Between 1999 and 2010, Costco stock returned essentially nothing due to the P / E compression from 50 to 20.

Earnings per share rose from 87 cents in 1999 to $ 2.92 in 2010. Perhaps that’s why they initiated a dividend in 2004 and started buying back shares in 2005. That being said, Costco has sold a P / E of 30 over a long period of time.

AptarGroup, Inc. (ATR) offers a range of packaging, dispensing and sealing solutions, primarily to the beauty, personal care, home care, prescription drugs, consumer health care, injection solutions, and food and beverage markets. The company operates in three segments: Pharma, Beauty + Home and Food + Beverage.

AptarGroup (ATR) increased the quarterly dividend by 5.60% to 38 cents / share, making it the 28th year in a row that an increased annual dividend was paid.

Over the past decade, this dividend champ has managed to increase annual dividends at an annual rate of 8.10%.

The company managed to grow earnings from $ 2.65 / share in 2011 to $ 3.91 / share in 2020. It is expected to earn $ 4.05 / share in 2021.

The stock is selling for 36.24 times future earnings and offers a yield of 0.98%.

Donegal Group Inc. (DGICA) is an insurance holding company serving property and casualty insurance to corporations and individuals in the states of Mid-Atlantic, Midwestern, New England and Southern. The company operates in four segments: Investment Function, Personal Lines of Insurance and Commercial Lines of Insurance.

The Donegal Group (DGICA) increased its quarterly dividend by 6.70% to 16 cents / share. The company has raised dividends for 18 straight years. The B shares pay 14.25 cents / share.

Over the past decade, this dividend producer has managed to increase annual dividends at an annual rate of 2.70%.

The company managed to increase earnings from $ 0.41 / share in 2010 to $ 1.65 / share in 2020. It is expected to make $ 1.30 / share in 2021.

The stock sells for 12.59 times future earnings and offers a yield of 3.67%.

Quaint Oak Bancorp, Inc.(QNTO) acts as the holding company of Quaint Oak Bank, which provides a variety of banking products and services in Pennsylvania.

Quaint Oak Bancorp (QNTO) increased its quarterly dividend 22.20% to 11 cents / share. The annual dividend has increased for 13 straight years, though this is the first dividend increase since 2019.

Over the past decade, this dividend producer has managed to increase annual dividends at an annual rate of 20.10%.

The company managed to increase earnings from $ 0.33 / share in 2011 to $ 1.61 / share in 2020.

The stock sells for 10.71 times earnings and generates a return of 2.09%. That sounds like a small company under the radar that few dividend investors know about. I’d put it on my list for further research.

Aon plc (AON) is a professional services company providing advice and solutions to clients focused on risk, retirement and health worldwide.

Aon (AON) increased its quarterly dividend by 10.90% to 51 cents / share.

Over the past decade, this dividend producer has managed to increase annual dividends at an annual rate of 11.50%.

Between 2011 and 2020, AON increased earnings from $ 2.87 / share to $ 8.45 / share.

The stock is selling for 21.60 times future earnings and offers a yield of 0.78%. The company sounds like an interesting company to research.

Relevant Articles:

– Dividend Achievers versus Dividend Contenders & Champions

– Procter & Gamble (PG) increased dividend by 10%

– Dividend Champions List for 2021

– Dividend Kings List for 2021

– List of Dividend Aristocrats for 2021

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