9 dividend hikes to watch for this week: American Equity, Hormel By

Companies often establish a pattern of hiking dividends at the same time each year,fxcm giving investors a reliable cash influx and enticing them to stick around for the long term. With help from StreetInsider and InvestingPro+ data, here is your weekly list of companies that look set to raise their payouts in the next week, based on what they did this time last year - as well as their payout histories, which can give you a better idea of whether they're likely to hike again.

Strong dividend growth streaks

American Equity Investment Life Holding Co (NYSE:): Raised by 6.3% last yearand currently has an annualized payout of $1.36, a yield of 3.6%, and a 5.6% payout ratio. Its dividend growth streak is 19 years.

South Jersey Industries (NYSE:): Raised by 2.5% last yearand currently has an annualized payout of $1.24, a yield of 3.6%, and a 92.6% payout ratio. Its dividend growth streak is 22 years.

(NASDAQ:): Raised by 4% last yearand currently has an annualized payout of $0.78, a yield of 1.7%, and an 55.7% payout ratio. Its dividend growth streak is 25 years.

Hormel Foods (NYSE:): Raised by 6.1% last yearand currently has an annualized payout of $1.04, a yield of 2.1%, and an 54.8% payout ratio. Its dividend growth streak is 29 years.

Banc Corp (NASDAQ:): Raised by 27.3% last yearand currently has an annualized payout of $0.64, a yield of 4.2%, and an 39.6% payout ratio. Its dividend growth streak is6 years.

Dividend growth streaks under 5 years

(NYSE:): Raised by 5.9% last yearand currently has an annualized payout of $1.10, a yield of 5.9%, and a 38.3% payout ratio. Its dividend growth streak is 3 years.

Movado Group (NYSE:): Raised by 25% last yearand currently has an annualized payout of $1, a yield of 2.9%, and a 24.8% payout ratio. Its dividend growth streak is 1 year.

Fanhua Inc (NASDAQ:): Raised by 1900% last yearand currently has an annualized payout of $0.60, a yield of 12.9%, and a 392.9% payout ratio. Its dividend growth streak is less than a year.

Hingham Institution for Savings (NASDAQ:): Raised by 3.8% last yearand currently has an annualized payout of $2.20, a yield of 0.8%, and an 11.6% payout ratio. Its dividend growth streak is less than a year.

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