Dividend growth investing is a wonderful strategy. Most of the work in selecting and purchasing an attractive security is done upfront. After that, the dividend investor is paid a growing dividend for work they may have done years ago. Of course, this dividend investor should regularly monitor his portfolio holdings, and dispose of any companies that no longer fit their goals of providing with a dependable dividend income to live off in retirement.
Over the past week, there were several dividend companies which increased their dividends. The companies include:
AT&T Inc. (T) provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline. The company increased its quarterly dividend by 2.10% to 48 cents/share. This dividend champion has managed to boost dividends for 32 years in a row. In the past decade, AT&T has managed to increase dividends by 3.90%/year. The stock is selling for 12.40 times forward earnings and yields 5.70%. Check my analysis of AT&T for more information about the company.
Realty Income Corporation (O) is a publicly traded real estate investment trust. It invests in the real estate markets of the United States. The company increased its quarterly dividend to 19.10 cents/share. This dividend achiever has managed to boost dividends for 21 years in a row. In the past decade, Realty Income has managed to increase dividends by 5.20%/year. The stock is selling for 18.80 times forward adjusted funds from operations and yields 4.50%. Check my analysis of Realty Income for more information about the company.
Franklin Resources, Inc. (BEN) is a publicly owned asset management holding company. It manages equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries that invest in the public equity, fixed income, and alternative markets. The company increased its quarterly dividend by 20% to 18 cents/share. This dividend champion has managed to boost dividends for 36 years in a row. In the past decade, Franklin Resources has managed to increase dividends by 15.50%/year. The stock is selling for 11.50 times forward earnings and yields 2%. Check my analysis of Franklin Resources for additional information about the stock.
CVS Health Corporation (CVS), together with its subsidiaries, provides integrated pharmacy health care services in the United States. The company operates through Pharmacy Services and Retail Pharmacy segments. The company increased its quarterly dividend by 21.40% to 42.50 cents/share. This dividend achiever has managed to boost dividends for 13 years in a row. In the past decade, CVS Health has managed to increase dividends by 23.40%/year. The stock is selling for 18.30 times forward earnings and yields 1.80%.
Amgen Inc. (AMGN), a biotechnology company, discovers, develops, manufactures, and delivers human therapeutics worldwide. The company increased its quarterly dividend by 26.60% to $1/share. This dividend stock has managed to boost dividends for 6 years in a row. The stock is selling for 15.80 times forward earnings and yields 2.40%.
Moody's Corporation (MCO) provides credit ratings; and credit, capital markets, and economic related research, data, and analytical tools worldwide. The company operates through Moody’s Investors Service and Moody’s Analytics segments. The company increased its quarterly dividend by 8.80% to 37 cents/share. This dividend paying company has managed to boost dividends for 7 years in a row. In the past decade, Moody's has managed to increase dividends by 22.30%/year. The stock is selling for 21.30 times forward earnings and yields 1.50%.
Abbott Laboratories (ABT) manufactures and sells health care products worldwide. The company increased its quarterly dividend by 8.30% to 26 cents/share. This dividend aristocrat has managed to boost dividends for 44 years in a row. The stock is selling for 20.20 times forward earnings and yields 2.30%.
Pfizer Inc. (PFE), a biopharmaceutical company, discovers, develops, manufactures, and sells healthcare products worldwide. The company increased its quarterly dividend by 7.10% to 30 cents/share. This dividend paying company has managed to boost dividends for 6 years in a row. In the past decade, Pfizer has managed to increase dividends by 4.30%/year. The company used to be a dividend champion up until early 2009, when it cut dividends to shareholders. The current dividend payment is still below the amount of 31 cents/share from 2008. The stock is selling for 14.70 times forward earnings and yields 3.70%.
As someone with stakes in Abbott Laboratories, AT&T and Realty Income, it is nice to learn that my forward dividend income will be increasing in 2016.
Relevant Articles:
- Realty Income - A dependable dividend achiever for current income
- How to read my weekly dividend increase reports
- Buy and Hold means Buy and Monitor
- Why am I obsessed with dividend growth stocks?
- Dividend Stocks Deliver Returns Whether Market is Open or Not
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