Dividend Growth Investor: Eight Dividend Growth Stocks Rewarding Investors With a Raise
Markets remain near all-time highs but have pulled back recently. The economy shows signs of strong growth. While that’s keeping inflation hotter than expected, it also reflects corporate America’s strength.
With that in mind, it’s no surprise that overall earnings continue to rise. And as earnings rise, companies look for ways to reward their shareholders. Many successful companies offer dividend payments to reward their owners.
Recently, eight companies with a history of dividend growth increased their payouts. They include small, off-the-radar companies and large ones alike.
For instance, Maine-based Bar Harbor Bancshares (BHB) just increased their payout by 7.1%. Shares now pay a 4.7% dividend.
The bank has raised dividends for 21 consecutive years. Over the past 10 years, they’ve increased the payout by an average of 7.1% as well.
Looking at the other end of the spectrum, healthcare giant Johnson & Johnson (JNJ) just increased their dividend for the 62nd consecutive year.
JNJ pays a 3.3% dividend. And they’ve raised the payout an annualized rate of 6.1% over the past 10 years.
The most recent payout increase was slightly lower at 4.2%, but that’s still a level that beats inflation.
Today, investors have plenty of income-producing stocks to buy with a history of raising their cash payouts larger than the rate of inflation. That’s a good way to beat today’s inflation, and continue to grow wealth over time.
To view the full list of dividend growth stocks increasing their payout now, click here.