My favorite part of dividend growth investing is declaration day, the day when a new dividend rate is announced by one of the companies I own. People generally get one raise per year at work, but with a portfolio of 53 stocks, I average better than one income increase a week!
I keep a log of all the dividend growth announcements made by companies held in my portfolio going back to the beginning of 2013. By doing so I am able to see when each company announces their new dividend rates, and decide if there is a trend on when those new rates are declared.
October brings five companies to my attention who are likely to announce higher dividends. I will look at each of those stocks below, and give the reasoning behind my predictions for the new dividend rates.