Dividend Growth Investor: 25 Companies Rewarding Shareholders with Raises

Dividend investing hasn’t gone out of style, even as tech stocks lead the market to new all-time highs. With tech giant Meta Platforms (META) now announcing its first dividend, tech investors have another way to benefit from a company’s growth.

And unlike earnings, a company can’t restate a dividend. Paying a dividend means a company has the cash flow to regularly send some of that cash on to shareholders. And over time, great companies raise their dividends.

With earnings season underway, a large number of companies have announced dividend increases.

That includes companies like Imperial Oil (IMO). The energy company jus increased its dividend by 20 percent. That’s a bigger increase than its 10-year average annualized return of 14.75 percent.

Plus, Imperial has been raising its dividend for 29 consecutive years. The current yield of 3.2 percent is above average, and a steadily rising dividend will mean a higher payout for long-term shareholders over time.

Another company increasing its payout now is United Parcel Service (UPS). The company increased its payout by 0.6 percent, reflecting some of the weakness in the logistics space right now.

But UPS is an industry leader, and has a 10 percent annualized growth rate over the last 10 years. Today’s buyers can geta 4.6 percent yield, and likely higher growth in time as the industry gets back to growth.

To view the full list of 25 stocks raising dividends right now, click here.