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Sixteen Consistent Dividend Payers Raising Dividends

Dividend Growth Investor

Dividend Growth Investor

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Dividend investing is one of the many strategies individuals could use in order to generate income in retirement. Most of the quality dividend paying companies which I follow on my blog pursue a policy of stable and growing distributions. These companies are hesitant to cut dividends during recessions or temporary earnings setbacks, which provides retirees with a higher degree of confidence that their income stream would not be jeopardized. The fact that most stocks pay regular quarterly dividend distributions makes it easy for retirees to forecast the level of income they are going to generate in a given period. This stable recurring income stream is essential for budgeting and meeting their recurring expenses in retirement. While stable dividend payments are helpful in generating income, it is companies that also regularly raise distributions that could generate an inflation adjusted stream of income which doesn’t lose purchasing power over time.

In this week’s look of dividend raisers, I have highlighted the companies which not only announced dividend increases, but also have a history of at least five consecutive annual dividend increases:

Abbott Laboratories (ABT) engages in the discovery, development, manufacture, and sale of health care products worldwide. It operates in four segments: Pharmaceutical Products, Diagnostic Products, Nutritional Products, and Vascular Products. The company announced its plans to raise its quarterly dividend by 9.10% to 48 cents/share. This dividend aristocrat has increased dividends for 39 consecutive years and has a ten year annual dividend growth rate of 8.80%.Yield: 4.10 % (analysis)

The Coca-Cola Company (KO) manufactures, distributes, and markets nonalcoholic beverage concentrates and syrups worldwide. The company announced its plans to raise its quarterly dividend by 6.80% to 47 cents/share. This dividend aristocrat has increased dividends for 49 consecutive years and has a ten year annual dividend growth rate of 10%. Yield: 2.90 % (analysis)

Nestle S.A. (NSRGY) provides nutrition, health, and wellness products worldwide. The company’s Board of Directors has proposed a 15.60% increase in dividends to 1.85 CHF/share ($1.96/share). This international dividend achiever has consistently raised distributions since 1996. Yield: 3.50%

TransCanada Corporation (TRP) operates as an energy infrastructure company in North America. The company operates in two segments, Pipelines and Energy. The Company announced its plans to raise its quarterly dividend by 5 % to 42 cents/share. This international dividend achiever has consistently increased dividends since 2001. Yield: 4.40%

Buckeye Partners, L.P. (BPL) primarily operates refined petroleum products pipeline systems in the United States. The Company announced its plans to raise its quarterly distributions to 98.75 cents/share. This member of the dividend achievers index has increased dividends for 16 consecutive years and has a ten year annual distribution growth rate of 4.80%. Yield: 6.10%

Questar Corporation (STR), a natural gas-focused energy company, through its subsidiaries, engages in the gas and oil exploration and production, midstream field services, energy marketing, interstate gas transportation, and retail gas distribution businesses. The company announced its plans to raise its quarterly dividend by 8.90% to 15.25 cents/share. This dividend aristocrat has increased dividends for 32 consecutive years and has a ten year annual dividend growth rate of 4.70%. Yield 3.40%

The Sherwin-Williams Company (SHW) engages in the development, manufacture, distribution, and sale of paints, coatings, and related products in North and South America, Europe, and Asia. The company announced its plans to raise its quarterly dividend by 1.40 % to 36.50 cents/share. This dividend aristocrat has increased dividends for 33 consecutive years and has a ten year annual dividend growth rate of 10.30%%. Yield: 1.70% (analysis)

Stanley Black & Decker, Inc. (SWK) manufactures tools and engineered security solutions worldwide. The Company announced its plans to raise its quarterly dividend by 20.60 % to 41 cents/share. This dividend champion has increased dividends for 44 consecutive years. Yield: 2.20% (analysis)

Reynolds American Inc. (RAI), through its subsidiaries, manufactures and sells cigarette and other tobacco products in the United States. The company announced its plans to raise its quarterly dividend by 8.20 % to 53 cents/share. The company has increased dividends for 6 years in a row. Yield: 6.10%

MOCON, Inc. (MOCO) develops, manufactures, markets, and services measurement, analytical, and monitoring products that are used to detect, measure, and analyze gases and chemical compounds; and provides related consulting services. The company announced its plans to raise its quarterly dividend by 5.30% to 10 cents/share. The company is a member of the dividend challengers list and has increased dividends for 9 consecutive years. Yield 3.20%

NextEra Energy, Inc. (NEE), through its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy in the United States and Canada. The company announced its plans to raise its quarterly dividend by 10% to 55 cents/share. The company is a member of the dividend achievers index and has increased dividends for 17 consecutive years. Yield: 4%

Silgan Holdings Inc. (SLGN), through its subsidiaries, engages in the manufacture and sale of metal and plastic consumer goods packaging products primarily in the United States, Canada, and Europe. The company announced its plans to raise its quarterly dividend by 4.80% to 11 cents/share. The company has increased dividends for 8 consecutive years. Yield: 1.10%

T. Rowe Price Group, Inc. (TROW) is a publicly owned asset management holding company. The company announced its plans to raise its quarterly dividend by 14.80% to 31 cents/share. The company is a member of the dividend achievers index and has increased dividends for 24 consecutive years. Yield: 1.70%

Albemarle Corporation (ALB) develops, manufactures, and markets engineered specialty chemicals in the United States and internationally. The company announced its plans to raise its quarterly dividend by 17.90 % to 16.50 cents/share. The company is a member of the dividend achievers index and has increased dividends for 17 consecutive years. Yield: 1.10%

Cheviot Financial Corp. (CHEV) operates as the holding company for Cheviot Savings Bank that provides a range of banking services in Ohio. The company announced its plans to raise its quarterly dividend by 9.10% to 12 cents/share. The company has increased dividends for 8 years in a row. Yield: 5.50%

Compass Minerals International, Inc. (CMP), through its subsidiaries, engages in the production and marketing of inorganic mineral products in North America and the United Kingdom. The company operates in two segments, Salt and Specialty Fertilizer. The Company announced its plans to raise its quarterly dividend by 15.40% to 45 cents/share. The company has raised its quarterly dividend for 8 years in a row. Yield: 1.90%

Full Disclosure: Long ABT,KO, SHW, NSRGY

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Dividend Growth Investor
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