Three consistent dividend stocks raised distributions over the past week. I define consistent dividend payers as companies which have raised dividends for at least five years in a row. These companies merit further research by dividend investors. However, I only intend to purchase stock in companies which have consistently raised dividends for at least one decade. The companies which announced dividend increases last week include:
Monday, April 11, 2011
The TJX Companies, Inc. (TJX) operates as an off-price retailer of apparel and home fashions in the United States and internationally. The company raised its quarterly dividend by 26.70% to 19 cents/share. This marked the 16th consecutive annual dividend increase for this dividend achiever. Yield: 1.50%
Bank of the Ozarks, Inc. (OZRK) operates as the bank holding company for Bank of the Ozarks that provides a range of retail and commercial banking services. The bank announced a 5.90% dividend increase to 18 cents/share. This marked the 14th consecutive annual dividend increase for this dividend achiever. Yield: 1.60%
QUALCOMM Incorporated (QCOM) engages in the development, design, manufacture, and marketing of digital wireless telecommunications products and services. The company operates in four segments: Qualcomm CDMA Technologies, Qualcomm Technology Licensing, Qualcomm Wireless and Internet, and Qualcomm Strategic Initiatives. The company raised its dividend by 13.20% to 21.50 cents/share. This marked the tenth consecutive annual dividend increase for this stock. Yield: 1.60%
I also expect the following dividend aristocrats to raise distributions in April, based on the fact that each of them has raised distributions in April since 2003. The companies include:
Johnson & Johnson (JNJ) engages in the research and development, manufacture, and sale of various products in the health care field worldwide. The company operates in three segments: Consumer, Pharmaceutical, and Medical Devices and Diagnostics. Johnson & Johnson has raised dividends for 48 years in a row and has a 5 year dividend growth rate of 10.60% per year. Yield: 3.60% (analysis)
The Procter & Gamble Company (PG) provides consumer packaged goods in the United States and internationally. The company operates in three global business units (GBUs): Beauty and Grooming, Health and Well-Being, and Household Care. Procter & Gamble has raised dividends for 54 years in a row and has a 5 year dividend growth rate of 11.60% per year. Yield: 3.10% (analysis)
Exxon Mobil Corporation (XOM) engages in the exploration, production, transportation, and sale of crude oil and natural gas. Exxon Mobil Corporation has raised dividends for 28 years in a row and has a 5 year dividend growth rate of 8.80% per year. Yield: 2.10% (analysis)
W.W. Grainger, Inc. (GWW) and its subsidiaries distribute facilities maintenance and other related products and services in the United States, Canada, Japan, and Mexico. W.W. Grainger, Inc. has raised dividends for 39 years in a row and has a 5 year dividend growth rate of 17.70% per year. Yield: 1.50% (analysis)
The list of weekly dividend increases is just one report in my toolset that I use to identify promising dividend growth stocks. Further research should done at the individual stock level by enterprising dividend investors, in order to find our the best fit for their long-term portfolios.
Full disclosure: Long GWW, JNJ, PG, XOM
Dividend investors should not view every stock they purchase as a price that fluctuates on a computer screen however. On the contrary, they...
There are several sites I read daily, as part of my routine to check what other investors are doing with their money. Many of those include ...
There are thousands of companies in the world, who have chosen to list their shares on a stock exchange. It would take a lifelong journey, i...
The hardest part about investing is sitting down, and not doing anything. Just monitoring your portfolio even when its quoted value drops ...
For my retirement, I am planning on relying exclusively on income from my dividend portfolio. In order to achieve the dividend crossover poi...
The Exchange Traded Funds (ETF) industry has ballooned since 1993, when the first ETF on S&P 500 was introduced. Currently, there are hu...
I was recently away from home for a two week period. During the time, I did not have the opportunity to check email or look at my dividend s...
Once an investment is purchased, it has to be monitored frequently . While monitoring is important, it is also important to avoid too much a...
You have saved up some money after working hard for many years, and now you have decided to put it to work. You see hundreds of articles on ...
Ideally, your holding period should be forever. Investors who purchase shares in prominent dividend paying companies with the intent of fli...