Dividend Growth Investor: Seven Dividend Growth Stocks Rewarding Shareholders with Raises
Up, down, or sideways, no matter what the stock market does, the underlying companies behind those stocks continue to operate. And many successful companies tend to operate in a way designed to reward shareholders.
One way is with the payment of dividends. These simple cash payouts reflect the fact that some of the cash coming into the business should be returned to the owners of that business.
Companies with a history of at least 10 years of dividend growth are likely to continue making increasing payouts every year. While only a handful of the thousands of companies pay growing dividends, investing in them over time can lead to great returns.
Recently, seven companies with a history of dividend growth increased their payouts for 2023.
That includes Enterprise Products Partners LP (EPD). They’re an energy services provider for natural gas and oil, largely thanks to a network of pipelines.
They’ve grown their dividend to $0.50 per share each quarter. While only a 2 percent increase, it’s the 25th year that Enterprise Products Partners has done so.
There’s also consumer brands company J.M. Smucker (SJM), known for jams, coffee, and pet foods.
They just raised their dividend for the 26th year, with a 4 percent increase. Shares now yield about 2.9 percent.
To read the full list of seven companies that just raised their dividends, click here.