Dividend Growth Investor: Eleven Dividend Growth Companies Raising Dividends Last Week
While dividend investing isn’t as glamorous as hitting a home run with a growth stock, over time dividend stocks can provide slow-and-steady returns that beat the market. Plus, they can provide a growing stream of income that can be used to fund retirement.
With markets still looking to regain their footing, investors can still buy high-quality dividend stocks off their recent highs. That provides a better entry point, as well as a higher starting yield.
Recently, 11 companies raised their dividends for at least the 10th consecutive year.
One such company is the financial services company MetLife (LET). MetLife offers insurance, annuities, and asset management services, all of which can be more steady than bank stocks in a market crisis. The dividend was raised by 4.1% for the 13th consecutive year, and shares currently pay a 3% dividend.
Another company with a recent dividend increase is Nasdaq (NDAQ). The technology company that serves capital markets raised its payout by a hefty 12.5%. Nasdaq currently yields about 1.3%, but has also grown its dividend for 13 consecutive years.
Both companies have a strong brand, relatively few competitors, and high barriers to entry. Those factors should allow them to continue growing their dividend payouts over time. Today’s investors could see big returns as higher dividend payments lead to higher share prices.
To see the full list of companies raising their dividends now, click here.
