Sunday, November 20, 2022

Twelve Cash Machines Hiking Dividends Last Week

 I review the list of dividend increases every week, as part of my review process. I focus my attention on companies that raised dividends in the current week, and have at least a ten-year track record of annual dividend increases.

Only a company with a strong cash flow generating business can afford to grow dividends for a long period of time. Therefore, a business growing dividends for at least a decade is worth looking at for further research.

There were nine companies that fit the criteria. You can view the five companies in the table below:

Name

Ticker

New

Old

Increase

Streak

P/E

Yield

5 year Dividend Growth

Agilent Technologies

A

0.225

0.21

7.14%

12

28.82

0.62%

11.02%

Brown-Forman

BF.B

0.2055

0.1885

9.02%

39

35.66

1.18%

5.70%

C.H. Robinson

CHRW

0.61

0.55

10.91%

25

12.19

2.51%

3.23%

DTE Energy

DTE

0.9525

0.885

7.63%

14

19.03

3.32%

7.10%

Griffon

GFF

0.1

0.09

11.11%

12

9.94

1.11%

9.46%

KeyCorp

KEY

0.205

0.195

5.13%

12

8.72

4.41%

17.84%

Matthews

MATW

0.23

0.22

4.55%

29

9.87

3.07%

6.89%

MDU Resources

MDU

0.2225

0.2175

2.30%

32

16.92

2.91%

2.53%

Motorola Solutions

MSI

0.88

0.79

11.39%

13

25.77

1.34%

11.61%

Nike

NKE

0.34

0.305

11.48%

21

35.69

1.29%

12.04%

Royal Gold

RGLD

0.375

0.35

7.14%

22

31.52

1.42%

5.46%

WesBanco

WSBC

0.35

0.34

2.94%

13

13.05

3.52%

6.64%


This is a list of companies for further review. Most seem attractive as businesses, but that doesn’t mean that they should be invested in at any price, regardless of valuation.

This would likely be the last post for me this week. I will look forward to the Thanksgiving raises from Hormel Foods, McCormick, York Water Company, South Jersey Industries and Hingham Institution for Savings.

Relevant Articles:

- Nine Companies Rewarding Shareholders With Raises

- Twenty Dividend Growth Stocks Raising Dividends Last Week

- 13 Dividend Growth Stocks Rewarding Owners With A Raise





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