Dividends, the sweet sound to the ears of dividend investors. But what’s even better? Dividend growth. It’s the cherry on top, elevating your passive income effortlessly. When a stock raises its dividend per share, investors rejoice. It’s like winning the lottery without buying a ticket.
So, what exactly determines the strength of dividend growth? Here are some key factors to consider:
- Years of Consecutive Increases: The longer the streak, the better. It’s a testament to a company’s ability to weather various economic climates and maintain its commitment to shareholders.
- Percentage or Compound Increase: A higher percentage translates to confidence from management in the company’s future earnings and growth potential.
With these insights in mind, we’ve curated a list of the top 10 dividend stocks using the dividend growth signal. These companies have demonstrated impressive dividend growth potential and financial stability.
Here’s a glimpse into some of the best candidates using the dividend growth signal:
West Pharmaceutical Services (WST)
- Industry: Pharmaceutical Packaging
- Recent Performance: Revenue down by 7%
- Earnings: Adjusted EPS declined by 28%
Cintas Corporation (CTAS)
- Industry: Uniform Design & Rental
- Organic Revenue Growth: 7.1%
- Gross Margin Improvement: Up by 180 basis points
Brown & Brown Inc. (BRO)
- Industry: Insurance Brokerage
- Revenue Growth: Over 10%
- Dividend Increase: 15.4%
Emerson Electric Co. (EMR)
- Industry: Technology and Engineering
- Revenue Growth: 13%
- Dividend Growth: 68th consecutive year
Automatic Data Processing, Inc. (ADP)
- Industry: Business Services
- Revenue Growth: 6.7%
- Employer Services Revenue: Up 7%
These companies have proven their mettle when it comes to sustaining dividend growth. Their robust financial performance and strategic initiatives have positioned them as top contenders in the dividend growth space.
Investing in these dividend aristocrats could be a prudent move for long-term wealth creation. Remember, dividend growth is not just about the numbers; it’s a signal of a company’s financial health, management’s confidence, and a commitment to shareholder value.
Don’t miss out on the opportunity to tap into these dividend powerhouses. Download our in-depth reports on these top performers and embark on a journey towards wealth accumulation through dividend growth.
Let’s make your money work for you. Invest in dividend growth stocks today!
Leave feedback about this