I review the list of dividend increases, as part of my monitoring process. This exercise helps me monitor existing companies, and also monitor the breadth in the dividend growth investing universe.
I usually focus on the companies that have managed to increase dividends annually for at least a decade.
During the past week, there were two companies that both raised dividends and have a ten year track record of annual dividend increases under their belts:
Verizon Communications Inc. (VZ) engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).
Verizon raised quarterly dividends by 1.90% to $0.69/share. This is the 19th consecutive annual dividend increase for this dividend achiever.
Between 2015 and 2024, earnings per share went from $4.38 to $4.15.
The company is expecteed to earn $4.69/share in 2025.
The stock sells for 9.40 times forward earnings and yields 6.20%.
Brady Corporation (BRC) manufactures and supplies identification solutions and workplace safety products that identify and protect premises, products, and people in the Americas, Asia, Europe, and Australia.
Brady raised quarterly dividends by 2.10% to $0.245/share. This is the 40th consecutive annual dividend increase for this dividend champion.
Between 2015 and 2024, earnings per share went from $1.57 to $3.96.
The company is expecteed to earn $4.92/share in 2025.
The stock sells for 16.80 times forward earnings and yields 1.20%.
Relevant Articles:
- Twenty Dividend Growth Companies Rewarding Owners With Raises Last Week
