19 Dividend Increases & A New Dividend King Is Crowned!
Dividend growth investors LOVE to see dividend raises, and there’s been a slew of them to start the year.
So, let’s get you caught up on recent dividend increases between January 3rd and January 26th, 2022.
The regional bank raised their dividend for the 46th consecutive quarterly time 3.4% to $0.30 per share. They could benefit from interest rate hikes later this year.
This Pfizer spin off pharma company raised their dividend for the first time since their dividend initiation in summer 2021 to $0.12 per share. They currently have a payout ratio of below 30%.
This midstream MLP increased their distribution for the 22nd year 3.3% to $0.465 per share. Higher oil prices should continue to push this company higher.
The newest dividend achiever (10 years of increases) raised their dividend 0.7% to $0.12167 per share. STAG has many internet resistant tenants and pays a monthly dividend.
BlackRock, the world’s largest investment management firm raised their dividend for the 12th straight year to $4.88 per share. BlackRock has $9.46 Trillion in assets under management (AUM).
Fastenal is an industrial distributor that raised it’s dividend for the 24th consecutive year 11% to $0.31 per share. Their stable profits have allowed them to deliver double digit CAGR for over two decades.
This New York City utility company raised their dividend for the 48th straight year to 1.9% to $0.79 per share. They currently have the longest dividend growth streak of any S&P 500 utility company.
Alliant is a Midwest utility company that raised its dividend for the 18th consecutive year 6.2% to $0.4275 per share. Utility companies are granted steady streams of income by regulators and Alliant should be able to increase that dividend for years to come.
This credit card and payments company raised their dividend 21% for the first time since 2019 to $0.52 per share. They have paid uninterrupted dividends since 1977.
Archer-Daniels is a leader in agriculture and raised their dividend for the 45th straight year 8.1% to $0.40 per share. Agriculture tends to do very well in times of high inflation as people still need to eat.
NextEra Energy Partners, LP (NEP)
This clean energy contractor has been increasing their distribution for 6 years and recently every single quarter. Their latest increase of 3.3% brings the new dividend to $0.7075 per share. They have a goal to grow their distributions 12% to 15% through 2024.
Norfolk Southern Corporation (NSC)
The railroad company raised their dividend for the third time in 12 months 14% to $1.24 per share. They have a dividend growth streak of 4 years and have paid uninterrupted dividends for 19 years.
Wells Fargo & Company (WFC)
The American banking company increased their dividend 25% to $0.25 per share. But, the dividend remains less than half of their June 2020 payment of $0.51 per share.
Energy Transfer LP (ET)
Another midstream MLP, Energy Transfer hiked their distribution 15% to $0.175 per share. This marks the first increase since their distribution was cut in November 2020.
Kimberly-Clark Corporation (KMB)
With their 50th consecutive dividend increase 0f 1.8% to $1.16 per share, say hello to our newest dividend king, Kimberly-Clark. Because their business is wiping butts, blowing noses and keeping us clean, they will always have a stream of revenue coming in the door.
Anthem, Inc. (ANTM)
This health benefits company raised their dividend for the 9th consecutive year 13% to $1.28 per share. The consistently grow their earnings and dividends, making them a very safe dividend company.
Intel Corporation (INTC)
One of our favorite chipmakers hiked their dividend for the 6th consecutive year 5% to $0.365 per share. Intel is in a turnaround, led by new CEO Pat Gelsinger and has paid uninterrupted dividends since 1994.
Chevron Corporation (CVX)
Chevron is one of the largest vertically integrated oil and gas companies and boosted their dividend for the 34th straight year 6% to $1.42 per share. With oil at multi year highs, Chevron should see a nice influx of revenue for the time being.
The Charles Schwab Corporation (SCHW)
The investment services company raised it’s dividend for the first time since February 2020 11% to $0.20 per share. They recently acquired TD Ameritrade which will keep them at the top of the sector and has paid uninterrupted dividends for 31 years.
There you have it, 19 dividend stock increases and one of them is our newest dividend king!
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