In my weekly column on dividend increases, I typically focus on companies which have boosted distributions for over five years in a row. I use this list as a starting point in identifying hidden dividend gems, and also familiarizing myself with future great dividend growth stocks. I try to understand how each company listed below makes money, whether it will be able to increase earnings over time. I also try to determine at what price it would make sense for me to initiate a position in a stock.
Target Corporation (TGT) operates general merchandise stores in the United States. The company raised its quarterly dividends by 20% to 36 cents/share. This dividend aristocrat has regularly boosted distributions for 45 years in a row. Yield: 2.50% (analysis)
United Technologies Corporation (UTX) provides technology products and services to the building systems and aerospace industries worldwide. The company raised its quarterly dividends by 11.50% to 53.50 cents/share. This dividend achiever has regularly boosted distributions for 18 years in a row. Yield: 2.90% (analysis)
Caterpillar Inc. (CAT) manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. The company raised its quarterly dividends by 13% to 52 cents/share. This dividend achiever has regularly boosted distributions for 19 years in a row. Yield: 2.40%
C. R. Bard, Inc. (BCR) and its subsidiaries design, manufacture, package, distribute, and sell medical, surgical, diagnostic, and patient care devices worldwide. The company raised its quarterly dividends by 5.30% to 20 cents/share. This dividend aristocrat has regularly boosted distributions for 41 years in a row. Yield: 0.80%
Casey’s General Stores, Inc. (CASY), together with its subsidiaries, operates convenience stores under the Casey’s General Store, HandiMart, and Just Diesel names in 11 Midwestern states, primarily Iowa, Missouri, and Illinois. The company raised its quarterly dividends by 10% to 16.50 cents/share. This dividend achiever has regularly boosted distributions for 13 years in a row. Yield: 1.30%
I have recently initiated a small initial position in Casey’s General Stores (CASY). I will post a more detailed analysis of the stock in a few weeks, but generally I find the growth plans to be reasonable. I also see plenty of room for growth in the US. If the stock falls down further from here, I would consider adding to my small position in it.
Full Disclosure: Long UTX and CASY
- Target Corporation (TGT) Dividend Stock Analysis
- United Technologies (UTX) Dividend Stock Analysis
- How to Uncover Hidden Dividend Gems
- Why Dividend Growth Stocks Rock?
One of my favorite books on investing is “ The Snowball: Warren Buffett and the Business of Life ” by Alice Schroeder. The book describes ho...
I view each investment I make as a seed that I plant for the long-term. Some seeds could turn into a tree that would provide fruit (dividen...
In my previous article, I discussed the concept of the dividend snowball as it applies to my dividend portfolio and dividend income. The po...
One of my largest holdings is McDonald’s (MCD). The company recently raised its quarterly dividend by 4.7% to 89 cents/share. McDonald's...
In a previous article, I discussed that I will reach Financial Independence some time in 2018 . After I reach the dividend crossover point ,...
In a previous article titled, My Dividend Retirement Plan , I outlined the concept of the dividend crossover point. This happens when your d...
One of the biggest mistakes I ever made was not maxing out my 401 (k), IRA and HSA accounts between 2007 and 2012. As a result, I ended up ...
The more I learn and experience about investing, the more convinced I become that doing nothing is the best strategy for long-term success i...
I started my site dedicated to dividend investing in January 2008 . I had been able to accumulate some money for the first time in 2007, and...
There are many risks to investing . One of the major risks that could ruin a portfolio’s chances of generating adequate dividends are p...