Invest With Matt: 62 Companies Raised Their Dividends Last Week
While markets have taken on a bearish tone, many companies continue to have strong fundamentals. And that includes the ability to generate an increasing amount of cash flow that can be paid to investors as dividends.
Unlike a fluctuating share price, a cash dividend is a sure thing. Once it’s paid and in your account, it can be used however you see fit. Many companies pay a dividend, and several of those companies have a history of increasing their payouts.
That includes companies across a variety of industries.
For instance, property and casualty insurance company Old Republic International (ORI) recently increased its dividend by 9.4%, and raised its payout for the 33rd consecutive year.
The insurance industry is a slow-and-steady winner for investors, and buying insurance stocks during a market downturn is a safe strategy for solid long-term returns. Old Republic currently pays a 3% dividend.
Another dividend growth name right now is retailer Home Depot (HD). They raised their payout for the 15th consecutive year, raising its payout by 2.2%. Home Depot currently pays a 2.4% dividend yield.
The home improvement retailer has been challenged by a slow-moving housing market. But existing homeowners continue to spend to improve their homes.
Dozens of dividend payers continue to increase their payouts monthly, and a market downturn may be an ideal time to go shopping for income-paying stocks.
To see the full list of recent dividend increases, click here.
