ABM Industries (ABM): A Dividend King Improving Its Profitability and Dividend Growth Outlook
Dividend kings, companies with 50+ consecutive years of dividend growth under their belts, tend to be large, stable, and well-known businesses that are often a favorite among income investors. However, occasionally small, lesser-known companies make it into this venerable group. ABM Industries (ABM) is one example and has been a remarkably stable business over the decades. The company's management team is pursuing ABM's largest ever corporate restructuring effort to further enhance the firm's competitive position, too. While ABM's current dividend yield is below the yields offered by companies on our best high dividend stocks list here, ABM's dividend growth profile could be set to improve with management's restructuring plan. Let's take a closer look at this dividend [...]
Cintas (CTAS): A Durable Dividend Aristocrat With 34 Consecutive Years of Payout Growth
Cintas (CTAS) has proven to be an extremely durable business with roots dating back nearly 90 years, and the company has rewarded its shareholders with higher dividend payments for more than 30 years. Cintas is one of the most consistent sales and earnings growers around, and it operates in a very slow-changing industry where it maintains leading market share. Let's take a closer look at Cintas to see if this dividend aristocrat has a bright long-term outlook and a reasonable price for dividend growth investors today. Business Overview Although it was officially founded in 1968, Cintas started out as a laundry service for businesses during the Great Depression and has grown to become the largest provider of uniform programs in [...]
PPG Industries (PPG): A High Quality Dividend Aristocrat With 46 Straight Dividend Increases
PPG Industries (PPG) has rewarded its shareholders with higher dividend payments for 46 consecutive years, making it a member of the dividend aristocrats list here. The company's dividend growth has accelerated in recent years, and management boosted PPG's payout by 13% earlier this year. PPG is arguably one of the highest quality dividend aristocrats for long-term investors, and its industry is one of my favorites. While investors seeking greater current income should consider reviewing some of the best high dividend stocks here instead, let's take a closer look at this impressive business to see if it could be a reasonable long-term investment choice for dividend growth investors today. Business Overview PPG Industries’ roots can be traced [...]
V.F. Corp (VFC): A Fast-Growing Dividend Aristocrat That Could Be On Sale
Dividend aristocrats, those 51 companies in the S&P 500 that have raised payouts for 25+ consecutive years, often make excellent starting places to look for high-quality, long-term investments. However, a common problem is that many dividend aristocrats are very large, slow growing blue chips that are so well known that they often trade at premium valuations. One exception could be V.F. Corp (VFC), a less famous dividend growth legend but one of the fastest-growing members of this venerable group. In fact, in addition to 44 uninterrupted years of dividend increases, VFC's rate of dividend growth has been among the best of any dividend aristocrat, 18.5% annually over the past 30 years. Wall Street is highly bearish on the stock right [...]
Cincinnati Financial (CINF): A Dependable Dividend King With 56 Consecutive Years of Payout Growth
Cincinnati Financial (CINF) has increased its dividend for 56 consecutive years, an impressive streak that only seven other U.S. public companies can match. Perhaps more impressively, a shareholder who purchased one share of this well-run insurer before 1957 would own more than 2,146 shares today, assuming all shares from stock dividends and splits were held. Few companies have created this level of wealth for their shareholders over the decades, and you can see that Cincinnati Financial's stock has significantly outpaced the S&P 500 over the last 30 years as well. Source: Cincinnati Financial Investor Presentation Let's take a closer look at this dividend king, which enjoys a large base of recurring revenue, generates excellent free [...]
Altria (MO) Drops Nearly 20% on FDA Announcement: What Dividend Investors Need to Know
The U.S. tobacco industry has long been a favorite space for conservative income investors to find some of the best high dividend stocks. The tobacco business is known for its stability thanks largely to the addictive nature of its products, which has given cigarette manufacturers significant pricing power and predictable, steadily growing cash flows over the decades - even despite increased taxes, restrictions on marketing, and a number of other challenges from the federal and state governments. However, investors are worried that the tobacco industry's best days could finally be behind it after the U.S. Food and Drug Administration (FDA) made a drastic announcement today. As a result, Altria (MO) saw its stock price drop by nearly 20% before recovering [...]
Lowe’s Companies (LOW): A Fast-Growing Dividend King Worth Reviewing
When it comes to steady dividend growth, dividend kings, 22 companies that have raised payouts for 50+ consecutive years, are standouts that generally mark a great place to start shopping for long-term income investments. However, a problem that many dividend growth investors have is that most dividend kings are very slow growing companies with equally slow rising payouts. Lowe's Companies (LOW) is an exception with not only an impressive record of 54 straight years of increasing payouts, but also one of this group's fastest dividend growth rates, 17.6% per year over the last three decades. Better yet, Lowe's appears to be well-positioned to continue growing strongly in the coming years, which would result in healthy total returns from this [...]
Stanley Black & Decker (SWK): 140 Consecutive Years of Dividend Payments and Powerful Brands
Stanley Black & Decker (SWK) has paid dividends for 140 consecutive years and increased its payout for the past 49 consecutive years. Next year, Stanley Black & Decker will join the exclusive dividend kings list, which consists of companies that have raised their dividend for at least 50 straight years. These businesses are rare and typically possess numerous competitive advantages. Stanley Black & Decker is no exception. Let's take a closer look at this impressive industrial business that offers dividend growth investors the potential for double-digit payout growth for many years to come. Business Overview Stanley Black & Decker was founded in 1843 and has grown into a diversified global provider of power and hand tools, [...]
Tootsie Roll Industries (TR): A Dividend King With a Safe Payout and Iconic Brands
Dividend kings, stocks with 50+ consecutive years of dividend growth, are a rare and prized collection of generally low risk income growth investments. Many of these companies have established leadership positions in the markets they serve through some combination of economies of scale, intellectual property, and customer relationships. In the case of Tootsie Roll (TR), the company has increased its dividend for 51 consecutive years thanks largely to its portfolio of popular candy brands. Given Warren Buffett's affection for popular food brands in his dividend portfolio here, let's take a closer look at Tootsie Roll to see if this dividend king could be an appealing long-term investment. Business Overview Founded in 1896 by Leo Hirschfield in [...]
Genuine Parts Company (GPC): A Dividend King Trading at an 18-Month Low
Many income investors, especially those focused on the best high dividend stocks, often rely on slow but steadily growing companies to make up the core of their diversified dividend portfolios. And among such companies, certain dividend kings, stocks with 50+ consecutive years of payout growth, represent some of the best time-tested, low risk names you can find on Wall Street. Let's take a look at Genuine Parts Company (GPC), a business that's seen sales and profit growth in 84 and 73 of the past 89 years, respectively, and which has rewarded dividend lovers with an impressive 61 straight years of dividend increases. Despite the company's attractive long-term history, Genuine Parts Company's stock trades at an 18-month low, driven by disappointing [...]