One way to identify Dividend growth stocks is to look for dividend increases. Companies that pay rising dividends are likely to be financially healthy and generate consistent cash flow. I am interested in stocks with at least ten consecutive years of increasing annual regular dividend payments. Here is a list of such companies that increased their dividends last week.

Pentair (NYSE:PNR), +1.449% dividend increase

Pentair has declared quarterly dividend of $0.350 (+1.449% increase). It goes ex-dividend on Jan-25-2018 and is payable on Feb-09-2018. Annualized dividend is $1.40 at a yield of 2.017%. Pentair has a dividend growth rate of 11.80% (3 Year Average) and has 40 Years of Consecutive Dividend Growth.

Pentair has a twelve month trailing (TTM) earnings per share (EPS) of $2.10, which gives it a dividend payout ratio of 41.10%. The predicted earnings per share for 2018 is $3.93. Free cash flow (FCF) is $0.60. Using FCF we can compute the dividend payout ratio as 230.0%. Pentair has a P/E ratio of 33.31. Analyst consensus target price is $73.18.

W.P. Carey Inc. REIT (NYSE:WPC), +0.498% dividend increase

W. P. Carey provides long-term, sale-leaseback and build-to-suit transactions for companies worldwide, and manages a global investment portfolio. It has two primary business segments. Under the investment management segment, the Company earns revenue as...

W.P. Carey Inc. REIT has declared quarterly dividend of $1.010 (+0.498% increase). It goes ex-dividend on Dec-28-2017 and is payable on Jan-16-2018. Annualized dividend is $4.04 at a yield of 5.729%. W.P. Carey Inc. REIT has a dividend growth rate of 7.10% (3 Year Average) and has 16 Years of Consecutive Dividend Growth.

W.P. Carey Inc. REIT has a twelve month trailing (TTM) earnings per share (EPS) of $2.31, which gives it a dividend payout ratio of 165.70%. The predicted earnings per share for 2018 is $2.22. Free cash flow (FCF) is $1.60. Using FCF we can compute the dividend payout ratio as 251.25%. W.P. Carey Inc. REIT has a P/E ratio of 30.75. Analyst consensus target price is $68.75.

C.H. Robinson Worldwide (NYSE:CHRW), +2.222% dividend increase

C.H. Robinson Worldwide, Inc. is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company's segments include North American...

C.H. Robinson Worldwide has declared quarterly dividend of $0.460 (+2.222% increase). It goes ex-dividend on Dec-15-2017 and is payable on Dec-29-2017. Annualized dividend is $1.84 at a yield of 2.105%. C.H. Robinson Worldwide has a dividend growth rate of 7.50% (3 Year Average) and has 10 Years of Consecutive Dividend Growth.

C.H. Robinson Worldwide has a twelve month trailing (TTM) earnings per share (EPS) of $3.35, which gives it a dividend payout ratio of 53.50%. The predicted earnings per share for 2018 is $3.71. Free cash flow (FCF) is $2.12. Using FCF we can compute the dividend payout ratio as 84.906%. C.H. Robinson Worldwide has a P/E ratio of 26.38. Analyst consensus target price is $80.17.

Ecolab (NYSE:ECL), +10.811% dividend increase

Ecolab Inc. provides water, hygiene and energy technologies and services. The Company's cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and...

Ecolab has declared quarterly dividend of $0.410 (+10.811% increase). It goes ex-dividend on Dec-18-2017 and is payable on Jan-16-2018. Annualized dividend is $1.64 at a yield of 1.207%. Ecolab has a dividend growth rate of 26.60% (3 Year Average) and has 31 Years of Consecutive Dividend Growth.

Ecolab has a twelve month trailing (TTM) earnings per share (EPS) of $4.45, which gives it a dividend payout ratio of 32.40%. The predicted earnings per share for 2018 is $5.30. Free cash flow (FCF) is $0.80. Using FCF we can compute the dividend payout ratio as 185.0%. Ecolab has a P/E ratio of 30.45. Analyst consensus target price is $139.18.

Edison International (NYSE:EIX), +11.521% dividend increase

Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile...

Edison International has declared quarterly dividend of $0.605 (+11.521% increase). It goes ex-dividend on Dec-28-2017 and is payable on Jan-31-2018. Annualized dividend is $2.42 at a yield of 3.372%. Edison International has a dividend growth rate of 12.50% (3 Year Average) and has 12 Years of Consecutive Dividend Growth.

Edison International has a twelve month trailing (TTM) earnings per share (EPS) of $4.38, which gives it a dividend payout ratio of 47.20%. The predicted earnings per share for 2018 is $4.28. Free cash flow (FCF) is $0.36. Using FCF we can compute the dividend payout ratio as 602.778%. Edison International has a P/E ratio of 16.40. Analyst consensus target price is $84.50.

Erie Indemnity (NYSE:ERIE), +7.348% dividend increase

Erie Indemnity Company is a management company. The Company serves as the attorney-in-fact for the subscribers (policyholders) at the Erie Insurance Exchange (Exchange). The Exchange is a reciprocal insurer that writes property and casualty insurance. T...

Erie Indemnity has declared quarterly dividend of $0.840 (+7.348% increase). It goes ex-dividend on Jan-05-2018 and is payable on Jan-23-2018. Annualized dividend is $3.36 at a yield of 2.792%. Erie Indemnity has a dividend growth rate of 18.00% (3 Year Average) and has 21 Years of Consecutive Dividend Growth.

Erie Indemnity has a twelve month trailing (TTM) earnings per share (EPS) of $4.03, which gives it a dividend payout ratio of 67.50%. The predicted earnings per share for 2018 is $4.09. Free cash flow (FCF) is $4.78. Using FCF we can compute the dividend payout ratio as 65.481%. Erie Indemnity has a P/E ratio of 29.63. Analyst consensus target price is $115.00.