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Happy Monday!

It’s the holiday season, but the market still is still open. Today, I’ll share 3 high growth dividend stocks with new raises:

1. MasterCard (MA)

2. Waste Management (WM)

3. TFI International (TFII)

Let’s do this!

The Key Story

3 Fast Growing Dividend Stocks With Big Raises

In my latest video, I highlighted three fast-growing dividend stocks that announced fresh dividend increases this week. Each one offers a unique combination of yield, growth potential, and business model. Here’s a quick rundown:

1. MasterCard (MA)

   • New Dividend: $0.76 per share (up 15% from $0.66).

   • Key Insight: MasterCard and Visa have dominant positions in digital payments, and MasterCard’s revenue per share has grown at about 14% annually over the past decade. Despite a low dividend yield (currently around 0.58%), MasterCard makes up for it with rapid dividend growth and consistent share buybacks—often 2% of shares per year.

   • Why So Low Yield? They keep the payout ratio small (below 25%) and consistently trade at a premium valuation due to their high growth and wide moat. Long-term investors looking for total return rather than current income may find MasterCard appealing.

2. Waste Management (WM)

   • New Dividend: $0.825 per share (up 10% from $0.75).

   • Key Insight: Known for reliability, Waste Management has a track record of steady dividend hikes, typically around 7%–8% in recent years. This new double-digit bump signals confidence in the company’s cash-flow growth.

   • Business Model: Though it has higher capital expenditures than payment processors, the firm still generates robust free cash flow. At around a 1.6% yield after the increase, it might suit dividend investors who value stability and moderate growth.

3. TFI International (TFII)

   • New Dividend: $0.45 per share (up 12.5% from $0.40).

   • Key Insight: This trucking and logistics company has shown strong cash flow gains, giving it a lower valuation relative to free cash flow. The payout ratio is comfortably below 25%, reflecting plenty of room for future raises.

   • Dividend Growth: TFI’s dividend hikes have often been well above 10%, but it has a shorter track record than MasterCard and Waste Management. Still, its accelerating growth could be attractive for investors seeking a blend of value and rising income.

If you’d like a deeper look at any of these stocks, check out my stock research tool at DividendData.com. It tracks earnings, dividend payouts, and provides breaking news on dividend changes for the companies on your watchlist or in your portfolio. Sign up, and just one better stock pick could more than pay for the subscription.

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Thanks for the read! Let me know what you thought by replying back to this email.

— Zach

Disclaimer: Dividend Dividend (Dividend Data LLC) is not a professional financial service. All materials released from Dividend Data (Dividend Data LLC) are for educational and entertainment purposes. Dividend Data (Dividend Data LLC) is not a replacement for a professional's opinion. Contributors to the Dividend Data (Dividend Data LLC) might have equities mentioned in the newsletter