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Five dividend increases coming soon

As hard as it is to believe, 2014 is rapidly nearing its end, but in just three short months the year will be behind us. While the year has failed to live up to the lofty standards set last year, it has been a positive year, with all the major indices trading in the green, with the NASDAQ enjoying the biggest gain at 8.4%.

The end of the calendar year is always a busy time for everyone. At work we are hustling to finish up our end of the year duties, and financially we are busy making sure we have done everything we can to lower our tax bills and save as much of our hard earned money as possible.

While we are busy doing everything we need to do before the end of the year, sometimes we can overlook our portfolios, and wind up letting our current positions stay in place through the end of the year. The holidays are just around the corner, and time will start to become scarce. However, I would advise that before life gets too hectic, you might want to look over your portfolio and consider adding to, or establishing new positions in steady dividend-growing stocks.

Using dividend reinvestment plans, you can really grow your wealth over time, especially if you focus on companies with a history of dividend increases.

Most of this year's dividend increases have already occurred, but there are still plenty of big-name stocks that are expected to announce dividend increases before the end of the year. Let's take a look at five stocks with a high probability of announcing dividend increases before 2014 comes to a close.

Michael Fowlkes

Michael Fowlkes is a financial writer who has been with the Fresh Brewed Media family since 2004. Over the course of his tenure with Fresh Brewed Media, he has worn many hats, including portfolio manager, options analyst, and writer. Michael received his undergraduate degree from Virginia Tech in Accounting and got his start in finance working as a stock trader for six years at Chase Investment Counsel in Charlottesville, Va.