Three well-known dividend aristocrats raised dividends last week. The companies include Coca-Cola (KO), Abbott Labs (ABT) and Sherwin-Williams (SHW). Another promising dividend raiser included Swiss Company Nestle (NSRGY). In dividend investing it is important not only to concentrate on companies with solid competitive advantages, but also ones which grow earnings and dividends along the line.
The Coca-Cola Company (KO) manufactures, distributes, and markets nonalcoholic beverage concentrates and syrups worldwide. The company’s board of directors recently approved the Company's 48th consecutive annual dividend increase, raising the quarterly dividend approximately 7 percent from $0.41 to $0.44/share. This dividend aristocrat currently yields 3.20%. (analysis)
Abbott Laboratories (ABT) manufactures and sells health care products worldwide. The company’s board of directors increased its quarterly dividend by 10% to 44 cents/share. This marks the 38th consecutive year that Abbott has increased its dividend. This dividend aristocrat currently yields 3.20%. (analysis)
Nestle (NSRGY) engages in the nutrition, health and wellness sectors. The company is proposing a dividend increase of 14.3% to CHF 1.60/share ($1.477). This international dividend achiever has raised distributions each year since 1997. The stock currently yields 3%.
The Sherwin-Williams Company (SHW) engages in the development, manufacture, distribution, and sale of paints, coatings, and related products. The company boosted its quarterly dividend by 1.40% to 36 cents/share. This marks the thirty-second consecutive annual dividend increase for this dividend aristocrat. The stock currently yields 2.20%.(analysis)
Of the four stocks mentioned, Coca-Cola (KO) and Abbott Labs (ABT) are attractively valued at the moment. Sherwin-Williams (SHW) not only has a low current yield but also the last two dividend increases have been disappointing, making the stock a hold. Nestle (NSRGY) does look like a promising candidate for addition to a dividend growth portfolio, since it would also bring in some international diversification. I would place it on my list for further research.
Full Disclosure: Long ABT and KO
Relevant Articles:
- Coca Cola (KO) Dividend Stock Analysis
- Abbott Labs (ABT) Dividend Stock Analysis
- Dividend Aristocrats List for 2010
Popular Posts
-
Companies that grow dividends tend to have better financial health and produce sustained earnings and revenue growth. Dividends help identif...
-
Dividend Growth Investing is a strategy that focuses on companies that consistently raise dividends out of their rising stream of earnings....
-
Johnson & Johnson (JNJ), together with its subsidiaries, is engaged in the research and development, manufacture, and sale of various pr...
-
Welcome to another edition of my dividend increase reports. Every week, I look at the list of dividend increases as part of my portfolio mon...
-
As part of my investment review process, I monitor the list of dividend increases every week. This exercise allows me to see any recent divi...
-
I reviewed three companies which raised dividends last week. Each of these companies has managed to boost dividends annually for at least te...
-
MSC Industrial Direct Co. (MSM) distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada...
-
Last year, I launched my premium newsletter titled Dividend Growth Investor Newsletter . In the newsletter, I build a portfolio of dividend ...
-
There is so much mental energy spent by investors, media and gurus spent on “guessing” the market top , market bottom , and whether we are i...
-
Last year, I launched a premium dividend investing newsletter . In my newsletter, I share a list of ten companies that I am investing in for...
