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

Companies often establish a pattern of hiking dividends at the same time each year, 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:AEL): Raised by 6.3% last year and 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:SJI): Raised by 2.5% last year and 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.

The York Water Company (NASDAQ:YORW): Raised by 4% last year and 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:HRL): Raised by 6.1% last year and 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.

Farmers National Banc Corp (NASDAQ:FMNB): Raised by 27.3% last year and currently has an annualized payout of $0.64, a yield of 4.2%, and an 39.6% payout ratio. Its dividend growth streak is 6 years.

Dividend growth streaks under 5 years

Alpine Income Property Trust Inc (NYSE:PINE): Raised by 5.9% last year and 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:MOV): Raised by 25% last year and 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:FANH): Raised by 1900% last year and 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:HIFS): Raised by 3.8% last year and 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.