Over the past week, the following companies — each of which have grown their dividend every year for at least the past five years in a row — made important announcements regarding their future dividend payments.
Please note that the stocks below aren’t specific investment recommendations. We simply offer this list as an FYI for investors interested in dividend growth stocks that continue to raise their payouts.
- Deere & Company (DE) (18% increase)- approved an increase of Deere’s quarterly dividend to $.60 a share on common stock. The dividend is payable on August 1 to stockholders of record on June 30. The new quarterly rate represents an increase of $.09 per share, approximately 18%, over the previous level.
- Lowe’s (LOW) (28% increase)- announced a quarterly dividend increase of 27.8% to $.23 per share. The dividend is payable on August 6, to shareholders of record as of July 23.
When compiling this list we considered Dave Van Knapp’s “5-Year Rule”… which means we’ve only considered stocks that have grown their dividends each year for at least the past five years.
We identified these stocks using David Fish’s popular “Dividend Champions, Contenders and Challengers” list.
This information is provided by Theflyonthewall.com
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