Dividend Growth Investor: Four Dividend Growth Stocks Rewarding Shareholders With Raises Last Week
While some parts of the economy are starting to feel the pinch of higher interest rates, other parts are faring well. Companies that have a strong brand or unique product are able to offset inflation by passing on the costs to their customers.
These companies tend to be in more mature businesses with limited competition. That means they can use their excess cash to reward shareholders with dividend payments. And grow them over time.
Recently, a handful of companies raised their payouts.
One such company is J&J Snack Foods (JJSF). They produce and distribute nutritional snack foods throughout North America. They’ve raised their dividends for 18 years in a row now.
And they’ve grown the dividend by an average of 9.1 percent over the past 5 years, far in excess of the recent bout of inflation.
While shares yield 1.7 percent for buyers today, the dividend growth can lead to higher payouts over time.
Another such stock is Nordson Corporation (NDSN). They produce polymer and adhesive fluids and systems. Nordson recently increase their dividend for the 60th consecutive year.
Shares yield just 1.1 percent. That indicates that even with dividend growth, a rising share price can keep starting yields low. So patent investors will want to bear that in mind.
To view the full list of companies raising dividends, click here.