Dividend Growth Investor: Seven Dividend Growth Stocks Raising Dividends Last Week
While markets set a new multi-month low, the companies behind those stocks have had a more mixed performance. Some are faring well, with growing sales and earnings.
Companies that can continually grow and have excess cash flows can use that capital to reward shareholders with dividends. Naturally, companies that can grow their dividends over time tend to see a steadily rising share price. That’s a great long-term prospect on top of the growing cash payouts.
Recently, seven companies with a history of dividend growth raised their dividends. And they’re mostly smaller companies that are well off the radar of highly-followed big-name stocks.
That includes Brown & Brown (BRO). They’re an insurance company that just gave shareholders a 13 percent increase in their dividend. Amazingly, that’s the 30th consecutive year they’ve raised the payout.
Today, shares yield a low 0.7 percent. While a low starting yield, increasing payouts over time will increase and provide a higher return.
Another dividend grower is Middlesex Water Company (MSEX). They’re a water utility company. They pay a 2.1 percent dividend.
The dividend growth has been a bit slower, rising just 4 percent in the most recent year. But Middlesex has raised its payout for 51 consecutive years now.
To view the other five companies that raised their dividends recently, click here.