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).