In the world of investing, income seekers are always on the lookout for top-tier dividend stocks that can provide a steady stream of income. But how does one determine the quality of a dividend stock? One approach is to look for companies with a long history of consistently increasing their dividends.
To help investors in their search for reliable dividend payers, we have compiled a list of over 130 Dividend Champions. These companies have managed to increase their dividends for over 25 consecutive years, showcasing their commitment to rewarding shareholders. Along with this list, we provide key financial metrics like price-to-earnings ratios, dividend yields, and payout ratios, allowing investors to make well-informed decisions.
Among these Dividend Champions are not only mega-cap stocks like Johnson & Johnson and Coca-Cola but also smaller, lesser-known companies that have demonstrated strong performance. In this article, we will delve into 10 Dividend Champions that might not be on your radar, ranked by their 5-year expected annual returns from lowest to highest.
Community Trust Bancorp Inc. (CTBI)
This regional bank, with a solid presence in Kentucky, Tennessee, and West Virginia, has raised its dividend for an impressive 44 consecutive years. With a well-managed balance sheet and consistent growth in its net interest income, CTBI has proven to be a resilient player in the banking sector.
Matthews International (MATW)
Matthews International Corporation operates globally, providing brand solutions, memorialization products, and industrial technologies. Despite challenges in its Industrial Technologies segment, Matthews International has shown resilience and adaptability in navigating market fluctuations.
John Wiley & Sons (WLY)
A stalwart in the publishing and research industry, John Wiley & Sons boasts a diverse portfolio of offerings, including scientific journals, reference books, and online education services. Despite a revenue decline in recent quarters, the company remains optimistic about its future growth prospects.
Brady Corp. (BRC)
This specialty materials manufacturer has been increasing its dividend for 39 straight years, a testament to its strong financial performance and commitment to shareholders. With a focus on organic growth and strategic acquisitions, Brady Corp. continues to deliver value to its investors.
Westamerica Bancorporation (WABC)
A regional community bank with a long history dating back to 1884, Westamerica Bancorporation has weathered various economic cycles with resilience. Despite a reduction in total loans, the bank remains well-positioned to capitalize on future growth opportunities.
New Jersey Resources (NJR)
With a focus on natural gas and clean energy services, New Jersey Resources has carved a niche for itself in the energy sector. By investing in solar projects and expanding its service offerings, NJR is well-poised for sustained growth in the coming years.
Donaldson Co. (DCI)
Since its inception in 1915, Donaldson has been a leader in filtration solutions for a wide range of applications. With a strong performance in its first quarter earnings and a reaffirmed guidance for future growth, Donaldson remains a solid contender in the industrial sector.
Andersons Inc. (ANDE)
An agriculture company operating in North America, Andersons Inc. has faced challenges due to weaker commodity prices. However, the company’s resilient performance in the face of market headwinds signals its ability to adapt and thrive in the long run.
Bank OZK (OZK)
A regional bank offering a range of financial services, Bank OZK has consistently raised its dividend quarter after quarter. With solid growth in loans and deposits, the bank’s performance in a dynamic market environment is a testament to its strong fundamentals.
Polaris Inc. (PII)
A global leader in powersports vehicles, Polaris Inc. has faced challenges in its revenue growth due to market fluctuations. Despite this, the company’s strong brand presence and diversified product offerings position it well for future growth.
In conclusion, these 10 lesser-known Dividend Champions offer investors a unique opportunity to explore hidden gems in the market. With a focus on consistent dividend growth and strong financial performance, these companies exemplify the resilience and adaptability required to navigate volatile market conditions. As investors, it is essential to conduct thorough research and due diligence when considering investments in these companies. Happy investing!
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