Dividend Growth Investor: Nine Cash Machines Hiking Dividends Last Week

While stocks have soared, going from oversold levels to overbought levels in just three weeks, a company’s fundamentals are slower to change. Investors may like big price swings on the way up, but not when prices are dropping.

That’s why other metrics can be used to take some of the sting out of investing. One such metric? Why, dividend investing. The process may seem slow today. But using such a strategy alongside short-term trades can produce great results.

Even better, companies that have a dividend and raise it over time can see a consistently rising share price. Investors can buy these companies and reinvest the dividends, further compounding growth over time.

If markets take a turn for the worse next year, reinvesting growing dividends can alleviate the short-term pain over time.

One company raising its dividend now is Nike (NKE). The sports apparel and shoe brand pays a 1.4 percent dividend. While not huge, it’s raised its payout by nearly 9 percent, or double the current rate of inflation.

Another company increasing its payout is Tyson Foods (TSN). The food company pays a heftier 4 percent dividend, and raised its payout just 2 percent. Food tends to be a good defensive sector for uncertain times, and shares may see some interest in 2024.

To view the full list of companies recently raising their dividends, click here.