The companies include:
McDonald's Corporation (MCD) operates and franchises McDonald's restaurants in the United States and internationally.
The company raised its quarterly dividend by 10.10% to $1.52/share. McDonald's is a dividend aristocrat which has increased dividends for 46 consecutive years. Over the past decade, the company has managed to grow dividends at an annualized rate of 7.60%
The stock sells for 24.14 times forward earnings and yields 2.24%.
A. O. Smith Corporation (AOS) manufactures and markets residential and commercial gas, heat pump and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World.
The company increased quarterly dividends by 7.10% to $0.30/share. This is the 30th consecutive annual dividend increase for this dividend aristocrat. Over the past decade, the company has managed to grow dividends at an annualized rate of 21.60%
"This dividend increase reflects our confidence in the stability in our replacement demand inherent in our water heating and boiler businesses, as well as our focus on returning capital to shareholders," said Kevin J. Wheeler, chairman and chief executive officer. "We are proud to say the five-year compound annual growth rate of our dividend rate is more than 15%, and that we have increased our dividend each year for over 25 years."
The stock sells for 14.28 times forward earnings and yields 2.46%.
Avient Corporation (AVNT) provides specialized formulator, services, and sustainable material solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates through three segments: Color, Additives and Inks; Specialty Engineered Materials; and Distribution.
The company raised its quarterly dividend by 4.20% to $0.2475/share, representing the twelfth consecutive annual increase for this dividend achiever. Over the past decade, the company has managed to grow dividends at an annualized rate of 21.60%
"We are pleased to raise our dividend for the twelfth consecutive year," said Robert M. Patterson, Chairman, President and Chief Executive Officer, Avient Corporation. "Since first introducing the dividend in 2011, it has increased at a compounded annual growth rate of 16%. This is a reflection of our portfolio transformation, with 100% of sales now coming from specialty applications, as well as our increased presence in higher growth and less cyclical markets. While the near-term presents macro-economic uncertainties, we remain confident in our ability to generate strong free cash flow, continue to invest in innovation for the long-term, and return value to shareholders."
The stock sells for 10.92 times forward earnings and yields 3.09%.
Agree Realty Corporation (ADC) is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants.
The company increased its monthly dividends by 2.60% to $0.24/share. This represents an annualized increase of 5.70% over the dividend paid in the fourth quarter of 2021. Over the past decade, the company has managed to grow dividends at an annualized rate of 4.20%
The stock sells for 16.82 times forward FFO and yields 4.20%
THOR Industries, Inc. (THO) designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe.
The company raised quarterly dividends by 4.70% to $0.45/share. Over the past decade, the company has managed to grow dividends at an annualized rate of 21.60%
The stock sells for 9.18 times forward earnings and yields 2.28%.
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