Dividend Growth Investor: Six Dividend Growth Stocks Raising Dividends Last Week
Market volatility remains elevated. That trend may continue over the next few months, likely lasting through the election. That means that growth stocks could see some big swings. But many of those swings will be lower.
An alternative to growth stocks that may play well in the months ahead are dividend-paying stocks. These are companies that have extra cash flow that can be passed on to investors. And over time, a great company can pay growing dividends.
There are hundreds of companies that pay an increasing dividend over time. As these companies report earnings, they also announce dividend increases.
For instance, freight and logistics company C.H. Robinson Worldwide (CHRW) has raised its quarterly dividend by a penny. Shares pay a 2.5% dividend, but C.H. Robinson has paid an increased dividend in each of the last 26 years.
Financial services company Primerica (PRI) has now raised its dividend for the 14th consecutive year. Today, Primerica pays just a 1.4% dividend. However, the last decade, the payout has increased at an average annualized rate of 19.5%.
In financial markets, dividend growth stocks are a small group. Current dividend yields may not be high. Dividend growth may prove slow. But investors who stick with dividend growth stocks over time can build a powerful income stream that continues to grow.
To see the full list of recent dividend increases, click here.