Dividend Growth Investor: Four Dividend Growth Stocks Increasing Dividends Last Week
While the market continues to grind higher, investors aren’t taking any big swings right now. Stocks often climb what’s called the “wall of worry.” Record home equity and cash on the sidelines suggest that investors don’t want to get burned by stocks.
Fortunately, there’s more to the market than big growth names. And investing in companies with a history of raising their dividend payouts can provide great returns. That’s thanks to the combination of increasing cash payouts, as well as a rising share price.
Recently, several stocks have raised their dividend payouts. While starting yields may be low, investing in these companies over the long haul can create strong results that are less volatile than the overall markets.
For instance, home improvement retailer Lowe’s (LOW) just raised its dividend. The company increased its annual payout by 4.5%.
Shares now yield 2.1%. This is the 62nd consecutive year that Lowe’s has increased its dividend.
Royal Bank of Canada (RY) also just increased its payout. The banking giant pays a 3.8% dividend.
Plus, Royal Bank of Canada just increased their dividend for the 14th consecutive year, with a 2.9% increase. Canadian banks also tend to hold up better than U.S. banks during a financial crisis.
While starting yields may be low, slow and steady increases over time can lead to a big stream of income.
To view the full list of companies recently raising their dividends, click here.