Dividend Growth Investor: 23 Dividend Growth Companies Raising Dividends Last Week

After a rough year for stocks last year, 2023 started off strong. However, that rally is fading as inflation comes in hot and corporate earnings show a slowdown.

That’s why investors who take a long-term view of the markets will focus on companies that pay growing dividends. After all, a company that can increase its dividend over time is a company with growing cash flows that can be turned over to shareholders.

2023 has been kind to dividend investors. 56 companies have increased dividends in February so far. Of those, 23 have grown their dividends for at least 10 years in a row.

That includes a number of well-known companies, as well as many smaller stocks that remain off the radar.

One highlight is The Coca-Cola Company (KO). The soft drink and beverage company has now raised its dividend payout for an impressive 61 years in a row. The company now yields 3.1 percent, and the payout was increased by 4.5 percent.

Another highlight is utility company NextEra Energy (NEE). They raised their dividend payout by 10 percent. That’s higher than the increase in inflation over the past year. The utility  yields about 2.5 percent.

Most dividend growth stocks don’t have high current yields. But for investors who think in terms of years and decades, dividend growth investing can prove a simple and effective way to profit in the stock market.

To read the full list of dividend growth stocks increasing their payouts this year, click here.