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My Top 15 Dividend Growth Stocks & New Dividend Increases

November 11, 2024

Happy Monday! We have a great week of investing ahead…

I’ll cover the following topics:

  1. My Top 15 Dividend Growth Stocks

  2. New Dividend Increases

  3. Earnings This Week

Let’s do this!

The Key Story

My Top 15 Dividend Growth Stocks To Buy and Hold Forever

These are highly profitable companies that consistently pay dividends and grow those payments over time, often annually. They maintain sustainable payout ratios, allowing them to invest in future growth while continuing to increase dividends.

To curate this list, I used my stock screener over at DividendData.com. I specifically looked for U.S. companies with at least a 0.5% dividend yield, a five-year compound annual growth rate of the dividend over 10%, and a payout ratio below 60%.

The 15 Dividend Growth Stocks

  1. Microsoft (MSFT Stock)

  2. United Healthcare (UNH Stock)

  3. Visa (V Stock)

  4. Mastercard (MA Stock)

  5. Home Depot (HD Stock)

  6. American Express (AXP Stock)

  7. Intuit (INTU Stock)

  8. Hershey (HSY Stock)

  9. Snap-on (SNA Stock)

  10. Lowe's (LOW Stock)

  11. Applied Materials (AMAT Stock)

  12. Nike (NKE Stock)

  13. ADP (ADP Stock)

  14. Deere (DE Stock)

  15. Kroger (KR Stock)

If you're interested in using the stock screener I mentioned or checking out my AI stock research tool and full stock analysis tool, you can sign up at DividendData.com.

Right now, you can lock in 50% off for life to celebrate the launch of my new AI investment analyst tool—think of it as ChatGPT specifically designed for stock analysis.

Dividend News

15 Dividend Increases You Need To Know

  • $ABBV - AbbVie declared $1.64/share quarterly dividend, 5.81% increase from the prior dividend of $1.55.

  • $TPL - Texas Pacific Land declares $1.60/share quarterly dividend, 36.8% increase from prior dividend of $1.17.

  • $ADP - Automatic Data Processing declares $1.54/share quarterly dividend, 10% increase from prior dividend of $1.40.

  • $COR - Cencora declares $0.55/share quarterly dividend, 7.8% increase from prior dividend of $0.51.

  • $TNC - Tennant declares $0.295/share quarterly dividend, 5.4% increase from prior dividend of $0.280.

  • $MPC - Marathon Petroleum declares $0.91/share quarterly dividend, 10.3% increase from prior dividend of $0.82.

  • $V - Visa declares $0.59/share quarterly dividend, 13.5% increase from prior dividend of $0.52.

  • $MPLX - MPLX declares $0.956/share quarterly dividend, 12.5% increase from prior dividend of $0.850.

  • $DHI - D.R. Horton declared $0.40/share quarterly dividend, 33.3% increase from prior dividend of $0.30.

  • $HUBB - Hubbell declares $1.32/share quarterly dividend, 8.2% increase from prior dividend of $1.22.

  • $BRO - Brown & Brown declares $0.15/share quarterly dividend, 15.4% increase from prior dividend of $0.13.

  • $WCN - Waste Connections declares CAD 0.315/share quarterly dividend, 10.5% increase from prior dividend of CAD 0.285.

  • $ROL - Rollins declares $0.165/share quarterly dividend, 10% increase from prior dividend of $0.150.

  • $SBUX - Starbucks declares $0.61/share quarterly dividend, 7% increase from prior dividend of $0.57.

  • $SIGI - Selective Insurance declared $0.38/share quarterly dividend, 8.6% increase from prior dividend of $0.35.

This Week In Earnings

The Most Important Stocks Reporting
(Monday-Friday)

Tuesday (Before Market Open)

  • $SHOP - Shopify

  • $HD - The Home Depot

Tuesday (After Market Close)

  • $SPOT - Spotify

  • $OXY - Occidental Petroleum

Wednesday (After Market Close)

  • $CSCO - Cisco Systems

Thursday (Before Market Open)

  • $DIS - The Walt Disney Company

Thursday (After Market Close)

  • $AMAT - Applied Materials

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— 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