Dividend Growth Investor: 17 Dividend Growth Stocks Raising Shareholder Distributions
While the market continues to hover near all-time highs, other assets have been performing strongly. Gold and bitcoin made new all-time highs this week.
Also, the total amount of dividends being paid out by corporate America is also at a high. And it continues to grow. While dividend stocks are slower moving than cryptocurrencies or tech stocks, they can still offer investors excellent returns. All while throwing off cash.
Currently, there are now over 530 businesses in the United States that have increased dividend payouts annually for at least a decade.
Investors who buy into these stocks can employ a “slow and steady” approach to earning increasing amounts of cash.
Recently, 17 of these companies announced increases.
That includes insurance provider Old Republic International (ORI). They just raised their dividend for the 43rd consecutive year. And they increased their payout by 8.2 percent.
Combined with a current yield of 3.3 percent, shares have more upside in the years ahead.
Electronics retailer Best Buy (BBY) has increased its dividend for the 21st year in a row. Shares now pay a hefty 4.8 percent yield.
The increase of 2.2 percent is a bit smaller than the 10-year growth of 18 percent. But if retail spending rebounds, bigger increases are likely in store in the future.
To view the full list of 17 dividend achievers raising their payouts now, click here.