In the past few years, some companies have decided not to increase their dividend while others have decided to cut their dividend, and some have even decided to stop paying a dividend. In some cases, their finances did not justify the change. As investors in dividend growth stocks, we want to look for companies with a positive result Dividend culture.
The key to successfully selecting dividend growth stocks lies in the ability to identify companies that are not only holding their dividends, but growing them too. Often this can be reduced to a simple question: “How committed is the company to paying its dividend?”
This week I screened mine Dividend growth stocks Database for companies with a long-standing pro-dividend culture, issued by:
– Paying an uninterrupted dividend for more than 120 years
– Increased her dividend for at least the past 10 years
You are shown here in ascending order how long you have paid a dividend, including the first year the dividend was paid:
Yield: 2.2% | Dividend payment since: 1895
The Coca Cola company (KO) is the world’s largest non-alcoholic beverage company and also has a sizable fruit juice business.
Yield: 3.2% | Dividend payment since: 1893
The Procter & Gamble Company (PG) is a leading consumer goods company that markets home and personal care products in more than 180 countries.
Yield: 3.0% | Dividend payment since: 1891
Consolidated Edison, Inc. (ED) is an electricity and gas utility holding company serving parts of New York, New Jersey, and Pennsylvania.
Yield: 3.3% | Dividend payment since: 1885
UGI Corp. (UGI) operates propane distribution, gas and electricity utilities, energy marketing and related businesses through subsidiaries.
Yield: 2.0% | Dividend payment since: 1885
Exxon Mobil Corp. (XOM) was founded in late 1999 through the merger of Exxon and Mobil and is the world’s largest public integrated oil company.
Yield: 3.9% | Dividend payment since: 1882
Stanley Black & Decker Inc. (SWK) is a diversified global hand tools, power tools, and related accessories and systems company that emerged from the merger of Stanley Works and Black & Decker in March 2010.
Yield: 1.8% | Dividend payment since: 1877
York Water Co. (YORW) seizes, purifies, and distributes water in York County and Adams County, Pennsylvania.
Yield: 2.0% | Dividend payment since: 1816
As with previous screens, the data presented above is in its raw form. Some of 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 table with more than 20 columns of information about the 150+ companies I track. The data is sortable and has built-in buttons and macros to make it easier to use. Companies included in the list are companies that have had dividend growth in the past. The D4L data The table is part of the D4L Premium Services and is updated every Saturday for subscribers.
Full disclosure: Long KO, PG, ED, UGI, XOM,
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