Crystal Ball Dividend Hikes: Companies That Look Poised to Raise This Week

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Crystal Ball Dividend Hikes: Companies That Look Poised to Raise This Week
Credit: © Reuters.

By Sarina Isaacs

Investing.com - Companies will often establish a pattern of hiking their dividends at the same time each year, giving their investors a reliable cash influx and enticing them to stay in the shares for the long term. With the help from StreetInsider data, we've put together a list of companies that look poised to raise their payouts in the next week, based on what they did this time last year. For up-to-the-minute dividend announcements, check out InvestingPro+.

Patrick Industries (NASDAQ: PATK ): Raised by 17.9% last year and currently has an annualized payout of $1.32, a yield of 2.9%, and a 8.75% payout ratio.

Autoliv (NYSE: ALV ): Raised by 3.2% last year and currently has an annualized payout of $2.56, a yield of 3.%, and a 58.38% payout ratio.

DR Horton Inc (NYSE: DHI ): Raised by 12.5% last year and currently has an annualized payout of $0.90, a yield of 1.2%, and a 5.6% payout ratio.

GCM Grosvenor Inc (NASDAQ: GCMG ): Raised by 11.1% last year and currently has an annualized payout of $0.40, a yield of 5%, and a 56.7% payout ratio.

Assurant (NYSE: AIZ ): Raised by 3% last year and currently has an annualized payout of $2.72, a yield of 2.2%, and a 44.7% payout ratio.

Travel + Leisure Co (NYSE: TNL ): Raised by 16.7% last year and currently has an annualized payout of $1.60, a yield of 4.4%, and a 35.7% payout ratio.

Lancaster Colony (NASDAQ: LANC ) Corp.: Raised by 6.7% last year and currently has an annualized payout of $3.20, a yield of 1.6%, and a 91.3% payout ratio.

Automatic Data Processing Inc (NASDAQ: ADP ): Raised by 11.8% last year and currently has an annualized payout of $4.16, a yield of 1.8%, and a 56.1% payout ratio.

MDU Resources Group Inc (NYSE: MDU ): Raised by 2.4% last year and currently has am annualized payout of $0.87, a yield of 3%, and a 52.2% payout ratio.

Roper Technologies (NYSE: ROP ): Raised by 10.2% last year and currently has an annualized payout of $2.48, a yield of 0.6%, and an 8.8% payout ratio.

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