Over the last several years some companies have chosen to not raise their dividend, while others decided to cut their dividend and a few even decided to stop paying a dividend. In some cases their financials did not warrant the change. As investors in dividend growth stocks, we want to look for companies with a positive dividend culture.
The key to successfully selecting dividend growth stocks is the ability to identify companies that will not only maintain but grow their dividend. Often it can be boiled down to a simple question: "How committed is the company to paying its dividend?"
This week week, I screened my dividend growth stocks database for companies that a long-standing pro-dividend culture, exhibited by:
- Paying an uninterrupted dividend more than 110 years
- Increased their dividend for at least the last 10 years
They are presented here in ascending rank of how long they have paid a dividend, included also is the first year the dividend was paid:
Avista Corp. (NYSE:AVA) generates, transmits and distributes energy as well as engages in energy-related businesses.
Yield: 4.2% | Dividend Paid Since: 1899
PPG Industries, Inc. (NYSE:PPG) is a leading manufacturer of coatings and resins, flat and fiber glass, and industrial and commodity chemicals.
Yield: 2.2% | Dividend Paid Since: 1899
Colgate-Palmolive Company (NYSE:CL) is a major consumer products company markets oral, personal and household care and pet nutrition products in more than 200 countries and territories.
Yield: 2.3% | Dividend Paid Since: 1895
The Coca-Cola Company (NYSE:KO) is the world's largest soft drink company, KO also has a sizable fruit juice business.
Yield: 2.6% | Dividend Paid Since: 1893
The Procter & Gamble Company (NYSE:PG) is a leading consumer products company that markets household and personal care products in more than 180 countries.
Yield: 3.4% | Dividend Paid Since: 1891
Johnson Controls Inc. (JCI) supplies building controls and energy management systems, automotive seating, and batteries.
Yield: 2.9% | Dividend Paid Since: 1887
Consolidated Edison, Inc. (NYSE:ED) is an electric and gas utility holding company serves parts of New York, New Jersey and Pennsylvania.
Yield: 3.7% | Dividend Paid Since: 1885
UGI Corp. (NYSE:UGI) operates propane distribution, gas and electric utility, energy marketing and related businesses through subsidiaries.
Yield: 3.5% | Dividend Paid Since: 1885
Exxon Mobil Corp. (NYSE:XOM) formed through the merger of Exxon and Mobil in late 1999, is the world's largest publicly owned integrated oil company.
Yield: 2.6% | Dividend Paid Since: 1887
WGL Holdings Inc. (NYSE:WGL) provides natural gas service in the Washington, DC, metropolitan area and surrounding regions, including Maryland and Virginia.
Yield: 4.0% | Dividend Paid Since: 1852
As with past screens, the data presented above is in its raw form. Some of the the companies would be disqualified for poor dividend fundamentals. However some of the others may be worth additional due diligence.
My database, D4L-Data, is an Open Office spreadsheet containing more than 20 columns of information on the 220+ companies that I track. The data is sortable and has built-in buttons and macros to make it easy to use. Companies included in the list are those that have had a history of dividend growth. The D4L-Data spreadsheet is a part of D4L-Premium Services and is updated each Saturday for subscribers.
Full Disclosure: Long CL, KO, PG, JNJ, ED. See a list of all my dividend growth holdings here.
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