Dividend Growth Investor: 26 Dividend Growth Stocks Raising Dividends Last Week
Traders often focus on the big moves a stock makes during earnings season. Investors can take a longer view. They can look at not just this quarter’s trends, but prior quarters. And look at how a company is spending the money coming in after paying all the bills.
For long-term investors, companies with reasonable prospects and strong cash flow often start to pay dividends. This balances future growth with rewarding present shareholders. Over time, growing earnings can still lead to growing dividends.
With earnings season underway, many companies are announcing dividend increases.
One such company raising its dividend now is Starbucks (SBUX).
The coffee chain has had a poorly-performing year, with same-store sales down. But they’re just raised their dividend by 7%, for a new annual payout of 2.5%. This is the 14th consecutive year that Starbucks has raised their payout.
The dividend is well covered by earnings. And if the company’s plans to improve earnings unfold, they’ll have even more cash to offer shareholders as a reward over time.
Another company raising its payout now is The Hartford Financial Services Group (HIG). They just increased the annual dividend by 10.6%. This is also their 14th consecutive year of dividend increases.
Hartford’s current annual payout of 1.8% sounds low. But with double-digit increases in that dividend each year, they have ample room to keep increasing their cash payout to shareholders.
For the full list of companies raising their dividends now, click here.
