10 dividend hikes to watch this week

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Companies often establish a system of raising dividends at the same time each year, giving investors a reliable cash flow and enticing them for the long term. With help from StreetInsider, here’s a weekly list of companies poised to raise their payouts next week based on what they did this time last year. InvestingPro+ Information.

Companies with strong dividend growth lines

1. Andersen’s (NASDAQ:) It was raised by 2.9% last year and currently has an annual payout of $0.72, a yield of 2% and a payout ratio of 16.15%. It has a dividend growth streak 26 years.

2. Norwood Fund Corp (NASDAQ: It was raised by 7.7% last year and currently has an annual payout of $1.12, a yield of 3.3% and a payout ratio of 31.35%. It has a dividend growth streak 24 years.

3. Toro Co (NYSE: 14.3% hike last year and currently has an annual payout of $1.20, a yield of 1.1% and a payout ratio of 31.66%. It has a dividend growth streak 18 years.

4. Ensign Group (NASDAQ:) It was raised 4.8% last year and currently has an annual payout of $0.22, a yield of 0.2% and a payout ratio of 5.64%. It has a dividend growth streak 15 years.

5. Farmers & Merchants Bancorp (NASDAQ:) Inc (NASDAQ:) 5.6% hike last year and currently has an annual payout of $0.84, a yield of 2.9% and a payout ratio of 28.94%. It has a dividend growth streak 12 years.

6. Washington Trust Bancorp Inc (NASDAQ: It was raised by 3.8% last year and currently has an annual payout of $2.16, a yield of 4.8% and a payout ratio of 49.65%. It has a dividend growth streak 11 years.

7. Fortune Brands (NYSE: It was raised by 7.7% last year and currently has an annual payout of $1.12, a yield of 1.9% and a payout ratio of 19.26%. It has a dividend growth streak 9 years.

8. Eli Lilly (NYSE: 15.3% hike last year and currently pays $3.92 per annum, yields 1.1% and has a payout ratio of 56.76%. It has a dividend growth streak 7 years.

9. TFI International (NYSE: 17.4% hike last year and currently has an annual payout of $1.08, a 1% yield and a payout ratio of 13.12%. It has a dividend growth streak 6 years.

10. WD-40 Company (NASDAQ:) 8.3% hike last year and currently has an annual payout of $3.12, a yield of 1.9% and a payout ratio of 62.36%. It has a dividend growth streak 6 years.

Dividend growth under 5 years

FMC Corporation (NYSE: 10.4% hike last year and currently has an annual payout of $2.12, a yield of 1.7% and a payout ratio of 40.23%. It has a dividend growth streak 4 years.

Long Island First (NASDAQ: 5.3% hike last year and currently pays $0.84 annually, yields 4.5% and has a payout ratio of 40.31%. It has a dividend growth streak 3 years.

Franklin Resources (NYSE: It was raised by 3.6% last year and currently has an annual payout of $1.16, a yield of 4.4% and a payout ratio of 45.13%. It has a dividend growth streak 2 years.

Touchstone Bank (OTC:) It was raised by 7.1% last year and currently has an annual payout of $0.28 and a yield of 2.9%. It has a dividend growth streak Less than 1 year.

AFC Gamma Inc (NASDAQ: 16.3% hike last year and currently has an annual payout of $2.24, a yield of 13.3% and a payout ratio of 93.13%. It has a dividend growth streak 1 year.

City office REIT (NYSE: 33.3% hike last year and currently has an annual payout of $0.80, a yield of 8.5% and a payout ratio of 8.64%. It has a dividend growth streak Less than 1 year.

PHX Minerals Inc (NYSE: 50% hike last year and currently has an annual payout of $0.08, a yield of 2.4% and a payout ratio of 24.63%. It has a dividend growth streak Less than 1 year.

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