Top 5 New Dividend Raises

September 30, 2024

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Happy Monday!

This week, I’m excited to share 5 stocks that just announced dividend raises. Not only does this grow your dividend income, but it’s an important market signal. A dividend increase/decrease shows how the board of a company views it’s future cash flows & business performance. So pay attention!

On top of this, I’ll share some links to important product announcements from 2 new big tech dividend payers.

Let’s do this!

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The Key Story

5 New Dividend Increases This Week

1. $HON Stock - Honeywell declares a $1.13/share quarterly dividend, 4.6% increase from prior dividend of $1.08.

Honeywell is a reliable industrial conglomerate, but recent earnings growth has slowed. Free cash flow has declined since 2019, despite continued dividend growth. The payout ratio is rising and I’m skeptical of the bullish EPS projections from analysts. With a current dividend yield of 2.18%, Honeywell is not a buy in my opinion.

2. $ACN Stock - Accenture declares a $1.48/share quarterly dividend, 14.7% increase from prior dividend of $1.29.

This tech consulting giant has a strong history of dividend increases with a 13% five-year dividend CAGR. This is backed up by growth of earnings and free cash flow. I’m confident about analyst’s double-digit growth projections, making this the stock I’m most likely to buy in the group.

3. $CNXC Stock - Concentrix declares a $0.3327/share quarterly dividend, 10% increase from prior dividend of $0.3025.

Despite being a relatively unknown tech company, Concentrix is highly profitable. It is currently trading at under 7x free cash flow. Their dividend growth rate is impressive at nearly 10% over the past three years. The payout ratio is low at under 20%. While I’m still learning about this company, the numbers look intriguing.

4. $MCD Stock - McDonald’s declares a $1.77/share quarterly dividend, 6% increase from prior dividend of $1.67.

The iconic fast food chain has a long history of dividend growth, though recent increases have slowed from 10% to 6%. While the dividend remains sustainable, the growth rate is decelerating from a weak 2024. With the stock trading near all-time highs, it might not be the best time to buy, but it remains a reliable long-term holding.

5. $OGE Stock - OGE Energy declares $0.4213/share quarterly dividend, 0.7% increase from prior dividend of $0.4182.

With a current yield of 4.13%, it’s a reliable dividend paying utility stock. The slow growth makes it less appealing for younger investors looking for higher growth potential. The OGE dividend yield is far lower than many other reliable dividend growth stocks. It makes me ask, why would you choose OGE?

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Stock Market News

Massive Product Announcements From New Dividend Paying Tech Giants

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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