The company has been paying dividends without a reduction since the late 1800s. During the Great Recession — the second-worst financial crisis in modern history — it increased its dividend, suffered a less-than-disastrous revenue decline, and saw its stock price fall only a fraction as much as that of the overall market.
One of them is a health care juggernaut growing its earnings and dividend like crazy.
The IBP is in its sixth year, and this is the first time I’ve selected anything other than a stock for it. Here’s what’s going on…
It’s been a market-crushing performer for the Income Builder Portfolio and it just came out with an outstanding earnings report. And, when it comes to quality, there aren’t many companies out there ranked higher. On top of all this, the company just announced that it will be increasing its dividend by another 10% – one of its largest of the last decade, and the 51st consecutive year with an increase.
It’s this month’s primary buy.
By building up a portfolio filled with high-quality, dividend-growing stocks, our income stream keeps getting stronger, year-after-year. Here’s our IBP annual review…
Any investor’s portfolio is his or her own small business, and any business should have a well-articulated plan to help it run efficiently and successfully. So with Year 5 of our real-money, real-time Dividend Growth Investing endeavor now in the books, I thought it would be a good time for an update.
It’s been one of the best performers since the Income Builder Portfolio was launched nearly 5 years ago… a market-beating powerhouse that just released yet another stellar earnings report and gave shareholders yet another double-digit-percentage dividend raise… and an industry leader whose fundamentals keep improving year after year after year.
All four are well-run companies and reliable dividend growers.
When economic conditions are challenging — such as when inflation is high, interest rates are rising, and recession is a real possibility — I like to invest in companies with proven business models, rock-solid balance sheets, and plenty of cash on hand.
