20 Jan
5 SAFE Dividend Stock Ideas On Sale!
If you’re looking for a few quick stock ideas that may be on sale, you’re in luck.
I say “on sale” in regards that each of these has a current dividend yield above their 5 year average (which is a good thing).
This means compared to each stocks 5 year dividend yield history, you’re getting more bang for your buck.
Oh, and did I mention that each one has grown their dividend for at least 14 years?
Cha-ching! Now that’s what dividend growth investors love to see!
Clicking on each companies name will bring you to their seekingalpha.com summary page and clicking on the yield will take you to the ycharts.com dividend yield history page.
Super frugal secret tip – you can leave the “Register to continue using Ycharts” box up and still view the data free of charge – SCORE!
A super brief summary of the company will follow the ticker and yield. By the end of this quick list, you’ll be a better informed investor.
34 year dividend growth streak
UGI Corp distributes and markets energy products and services, including natural gas, propane, electricity, and renewable solutions.
They have three business segments – regulated gas utilities in Pennsylvania and West Virginia, propane distribution in the U.S. & Europe, and lastly midstream assets like natural gas pipelines.
UGI Corp has paid uninterrupted dividends since 1885 and has increased the dividend every year since 1988.
Their current dividend yield of 3.00% is 25.52% above its 5-year average of 2.39%.
62 year dividend growth streak
3M started out as Minnesota Mining and Manufacturing company and failed. Today 3M sells over 60,000 products used in homes, businesses, schools, and hospitals in more than 200 countries with over 45 technology platforms.
The Company operates through four segments: Safety and Industrial, Transportation and Electronics, Health Care and Consumer.
This diversity is why I say that you will see that 3M logo EVERYWHERE!
3M has paid uninterrupted dividends for more than 100 years and increased the annual dividend since 1959.
Their current dividend yield of 3.32% is 11.04% above their 5-year average of 2.99%.
14 year dividend growth streak
OGE Energy is a regulated electric utility that generates and distributes power primarily in Oklahoma.
The Company operates through two segments: electric utility and natural gas midstream operations and over 80% of their revenue comes from their utility operations.
OGE has paid uninterrupted dividends since 1947 and has raised their dividend every year since 2007.
OGE’s current dividend yield of 4.34% is 12.14% above its 5-year average of 3.87%.
Lockheed Martin Corporation (LMT)
18 year dividend growth streak
Lockheed Martin has been around since 1912, is the worlds largest defense contractor, supplier of fighter aircraft, and for better or worse the bulk of their revenue comes from the F-35 strike fighter jet.
Lockheed Martin operates through four business segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.
Given that Lockheed Martin’s biggest customer is the US Government, and they directly contribute to their military readiness, they may be a “too big or important to fail” company, I think.
Lockheed has paid uninterrupted dividends since 1995 and has raised the dividend every year since 2003.
Lockheed’s current dividend yield of 2.97% is 13.79% above its 5-year average of 2.61%.
50 year dividend growth streak
Leggett & Platt operates through four segments: Residential Furnishings, Commercial Products, Industrial Materials, and Specialized Products, with half their revenue coming from bedding products.
Some of the components they make are mattress springs and foams, recliner mechanisms, adjustable beds, steel wire, seat frames, carpet cushion, and armrests.
In December of 2021, Leggett & Platt announced their 50th consecutive dividend increase, making them a dividend king!
Their current dividend yield of 4.16% is 18.52% above the 5-year average of 3.51%
There you have it – 5 dividend stock ideas that may be on sale in comparison to their 5 year dividend yield average.
We are currently invested in LMT, LEG & MMM.
Let us know in the comments below what you think.
Cheers and never stop investing in yourself!
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2 Comments
Dividend Stockpile |
January 20, 20222:04 pmGreat stuff! I like them and agree they are safe picks!
Russ |
January 20, 20228:40 pmThanks! Happy to share some quick ideas and put companies on peoples radar. 👍