Projected dividend increases (quarterly): Expected dividend boosts for the week include
Comfort Systems USA (NYSE:FIX) to $0.125 from $0.1115
HP Enterprise (NYSE:HPE) to $0.1275 from $0.12
Pool Corp (NASDAQ:POOL) to $0.61 from $0.58 Johnson & Johnson (NYSE:JNJ) to $1.06 from $1.01 Travelers (NYSE:TRV) to $0.88 from $0.85 Southern Company (NYSE:SO) to $0.66 from $0.64 Kinder Morgan (NYSE:KMI) to $0.27 from $0.2625
Nasdaq (NASDAQ:NDAQ) to $0.50 from $0.49
Projected dividend increases (quarterly): Expected dividend hikes for next week include:
Masco (NYSE:MAS) to $0.235 from $0.14
St Joe (NYSE:JOE) to $0.09 from $0.08
Tetra Tech (NYSE:TTI) $0.19 from $0.17 American Water (NYSE:AWK) to $0.60 from $0.55
Comfort Systems USA (NYSE:FIX) to $0.125 from $0.115
Ameriprise Financial (NYSE:AMP) to $1.11 from $1.04
Invesco (NYSE:IVZ) to $0.165 from $0.155
HP Enterprise (NYSE:HPE) to $0.1275 from $0.12 Apple (AAPL) to $0.2175 from $0.205.
On the topic of dividends, UBS ran a deep screen for some dividend favorites. A list of 16 stocks was generated based off a filter of Buy-rated stocks with three-year dividend growth rate forecast at least at a high single digit rate, with a current dividend yield that beats the S&P’s yield, sustainable payout ratios and sitting with more than 10% potential upside to price targets.
On that list the fastest dividend growth was projected for Barrick (NYSE:GOLD), East West Bancorp (NASDAQ:EWBC), and Royalty Pharma (NASDAQ:RPRX).
The lowest payout ratios (suggesting the greatest ability to pay) were at Sealed Air (NYSE:SEE), Royalty Pharma (RPRX) and East West Bancorp (EWBC).
The highest yielding names in the screen included Merck (MRK), American Electric Power (NASDAQ:AEP) and Sempra (NYSE:SRE).
A third interim dividend of 4.80p per ordinary share of 25p, in respect of the year ending 30 June 2021 will be paid on 28 May 2021 to holders registered at the close of business on 30 April 2021. The Company’s shares will go ex-dividend on 29 April 2021.
This would make a total dividend for the year to 30 June 2021 of 19.10p per share, an increase of 0.5% on the previous year and the Company’s 55th consecutive annual increase.