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Cintas (CTAS): 32 Consecutive Years of Dividend Growth
Cintas (CTAS) is one of the highest scoring dividend stocks in our database for Dividend Safety (98) and Dividend Growth (99). The company has proven to be an extremely durable business with roots dating back nearly 90 years, and it has rewarded its shareholders with higher dividend payments for 32 consecutive years. This is really 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. At the right price, we would certainly considering owning CTAS in our Top 20 Dividend Stocks portfolio. Business Overview CTAS started out as a laundry service for businesses during the Great Depression and has grown to become the largest [...]
McCormick & Company (MKC): Uninterrupted Dividends Since 1925 and a 30 Year Growth Streak
McCormick & Company (MKC) has increased its dividend for 30 consecutive years and paid uninterrupted dividends since 1925. While the stock’s current dividend yield is just 2%, it has recorded a double-digit total return over each of the last 1-, 5-, 10- and 20-year periods. Very few companies have managed to create such consistent value for shareholders. We are evaluating this excellent business for potential inclusion in our Top 20 Dividend Stocks portfolio. Business Overview MCK manufactures and distributes spices, seasoning mixes, condiments, and other flavorful products to the entire food industry – retail outlets, food manufacturers, and foodservice businesses. The company was established in 1889 and incorporated in 1915. Some of MCK’s leading brands include McCormick, [...]
Cincinnati Financial (CINF): Over 50 Consecutive Years of Dividend Growth and a 3.4% Yield
Cincinnati Financial (CINF) has increased its dividend for 54 consecutive years, an impressive streak that only eight U.S. public companies can match. With a 3.4% dividend yield, a large base of recurring revenue, and excellent free cash flow generation, CINF is the type of stock we like to own in our Top 20 Dividend Stocks portfolio. Business Overview CINF was formed in 1950 and is among the top 25 U.S. property casualty insurers today, offering business, home, and auto insurance. Insurance companies make money by writing and selling insurance policies (which typically breaks even or loses money for most insurers), and investing policy proceeds for income until claims need to be paid out (this is where the money [...]
Hormel (HRL): The Newest Dividend King
Hormel (HRL) is the most recent dividend king to be crowned. The company recently raised its dividend by 16%, marking its 50th consecutive dividend increase. Any company that manages such an accomplishment is worth becoming familiar with, and HRL is no exception. The company has one of the safest dividends around and has grown its dividend by 18% per year over the last five years. While we don’t yet own HRL in our Top 20 Dividend Stocks portfolio, dividend investors might want to keep an eye on the company for several reasons. Business Overview HRL has been in operation for 125 years and is a multinational manufacturer and marketer of consumer-branded food and meat products. Some of the [...]