One of the aspects of Dividend Growth Investing that appeals to me is the predictability of dividend payments and dividend increases. Many of the great dividend growth companies tend to pay dividends on a predictable timetable every three months. In addition, these companies tend to increase dividends during a typical month, and they do that for many years.
I expect a few notable dividend increases for the month of April from the following companies:
Apple (AAPL) designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.
When the company raises dividends this month, this would be the tenth consecutive year of annual dividend increases. This means that Apple will become a dividend achiever.
The company has managed to grow dividends at an annualized rate of 9.20% in the past five years. The current quarterly dividend is $0.22/share.
Apple is not cheap at 26.93 times forward earnings and a dividend yield of 0.53%.
Procter & Gamble (PG) provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.
A dividend increase would mark the 66th year of consecutive annual dividend increases for this dividend king.
The company has managed to grow dividends at an annualized rate of 4.90% in the past five years. The current quarterly dividend is $0.8698/share.
Johnson & Johnson (JNJ) researches and develops, manufactures, and sells various products in the healthcare field worldwide. It operates in three segments: Consumer Health, Pharmaceutical, and Medical Devices.
A dividend increase would mark the 60th year of consecutive annual dividend increases for this dividend king.
The company has managed to grow dividends at an annualized rate of 5.90% in the past five years. The current quarterly dividend is $1.06/share.
Costco (COST) engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan.
A dividend increase would mark the 18th consecutive annual dividend increase for this retailer with a loyal customer fan base. That dividend track record is as impressive to me as the $1.50 hot dog, whose price hasn't changed since 1985. It may also be nice to see Costco sending out a special dividend to shareholders.
The company has managed to grow dividends at an annualized rate of 11.90% in the past five years. The current quarterly dividend is $0.79/share.
Costco is not cheap at 44.82 times forward earnings and a dividend yield of 0.54%.
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- Dividend Kings List for 2022
- Dividend Aristocrats List for 2022
- Dividend Champions List for 2022
