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Hey, Zach Here!

Let’s get ready for another week of investing.

Today’s topics:

1. Top 5 dividend growth stocks reporting this week

2. I just bought these stocks

3. New dividend raises

The Key Story

Top 5 Dividend Growth Stocks Reporting Earnings This Week

1. Alphabet (GOOGL)

• Dividend Yield: 0.53%

• Dividend Growth Rate: New Payer

• Earnings Date: April 24th, 2025

• Quarterly EPS Estimates: EPS $2.02 (est)

What I’m Watching:

• Dividend increase? We will soon see if Alphabet starts a pattern of annual dividend raises.

• Look at growth rate of google search and YouTube advertising. Look for commentary on how AI is impacting search usage and PPC trends.

• AI Capex spend? Will it continue to rise?

• Risk around Antitrust Lawsuit?

• Outlook?

Verdict:

• One of the best big tech companies in the world.

• Dominant financial power, growing at a high rate. It is a new dividend payer, with capacity to increase well into future.

• I will be buying any post-earnings dip on Alphabet stock.

2. PepsiCo (PEP)

• Dividend Yield: 3.79%

• Dividend Growth Rate: +7.54% 10 year CAGR

• Earnings Date: April 24th, 2025

• Quarterly EPS Estimates: $1.51 (est)

What I’m Watching:

• Are earnings growing? New acquisitions?

Verdict:

• Trading at a near 5 year high for starting dividend yield. An improved entry for dividend investors.

• Reliable dividend payer.

• High quality and inflation proof business.

• Expect mid-single digit dividend growth.

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3. Union Pacific (UNP)

• Dividend Yield: 2.43%

• Dividend Growth Rate: +9.31% 10 year CAGR

• Earnings Date: April 24th, 2025

• Quarterly EPS Estimates: $2.78 (est)

What I’m Watching:

• Outlook? Is growth accelerating again? Tariff impact?

Verdict:

• A dominant railroad with a strong moat around business.

• Dividend growth slowing. After huge increases in 2020-22, growth has plateaued with only one 3% increase since 2022.

4. Texas Instruments (TXN)

• Dividend Yield: 3.66%

• Dividend Growth Rate: +14.87% 10 year CAGR

• Earnings Date: April 23rd, 2025

• Quarterly EPS Estimates: $1.07 (est)

What I’m Watching:

• Is Capex growing? Are they past massive spending?

• Earnings decline over?

• Outlook? US Manufacturing Advantage? Tariff impact?

Verdict:

• Dividend growth slowing! Down to 4% increases after very high growth over the past decade.

• Dividend safety declining. Payout Ratio is over 300% in 2023 and 2024 (based on free cash flow). Growing CapEx has reduced free cash flow.

• Potential buying opportunity? One of it’s highest dividend yields in history.

5. NextEra Energy (NEE)

• Dividend Yield: 3.42%

• Dividend Growth Rate: +11.40% 10 year CAGR

• Earnings Date: April 23rd, 2025

• Quarterly EPS Estimates: $0.91 (est)

What I’m Watching:

• Outlook? Plan to capitalize from energy growth?

Verdict:

• High dividend growth! 10% annual increases.

• Reliable utility with growing operating cash flow, but high capex.

Bonus Growth Stock: Tesla (TSLA)

• Earnings Date: April 22nd, 2025

• Quarterly EPS Estimates: $0.46 (est)

What I’m Watching:

• Self driving taxi launch on schedule?

• More affordable models soon?

• Expectations for fiscal 2026?

Verdict:

• High volatility. Expected bad quarter. Lot’s of political pressure.

• Possible big swings in stock prices after earnings could create buying opportunities for long-term investors.

💰My Buys This Week

I continue my focus of buying high quality dividend growth stocks, with the goal of high total return.

• 10 shares of $GOOGL ( ▼ 1.42% ) at an average cost of $150.65

• 5 shares of $CRM ( ▼ 1.03% ) at an average cost of $250.29

If you become a member of dividenddata.com, you can get live access to my entire dividend growth portfolio.

That includes some higher yield stocks that I bought last week like $MPLX ( ▲ 0.7% ) and $HESM ( ▲ 2.04% ) .

🚀 New Dividend Raises:

Dividends keep growing!

• $COST ( ▲ 2.76% ) - Costco raises dividend by 12%

• $KMI ( ▲ 0.56% ) - Kinder Morgan raises dividend by 1.7%

• $SON ( ▲ 1.11% ) - Sonoco Products raises dividend by 1.9% to $0.53

• $WINA ( ▲ 3.04% ) - Winmark raises quarterly dividend by 6.7% to $0.96/share

• $IBKR ( ▲ 1.03% ) - Interactive Brokers Group raises dividend by 28%, announces a four-for-one forward split

• $FUL ( ▲ 2.6% ) - H.B. Fuller raises dividend by 5.6% to $0.235

• $JNJ ( ▲ 2.31% ) - J&J raises dividend by 4.8% to $1.30

• $TRV ( ▲ 1.34% ) - The Travelers Companies raises dividend by 4.8% to $1.10

📅 Keep Investing. Stay informed.

– Zach
Founder, Dividend Data

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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