I’m glad you dropped by. You’re just in time for another ‘Article of Interest’ post. After posting one last month, I’m ready to share another. This is now the 12th post in this series.
To recap the intent of this series… every now and then, when perusing investing or personal finance articles across the Internet, I come across what I call an ‘Article of Interest’, or ‘A of I’ for short.
I decided it might be helpful to share a link to the article in case some of my visitors would find it of interest as well.
In most cases, the article will focus on dividend-paying stocks or dividend growth investing (DGI). However, other finance-related topics might be highlighted, too.
Now that we are up-to-speed, let’s see what this A of I is about…
Link Overview
It’s back to Kiplinger for this ‘A of I’ link. This is an article from the end of October, discussing 11 dividend growth stocks that have been growing their dividend payout by double-digits over the past 5-year period.
As you may know, I prefer stocks with average yields that hike their payouts at a good clip compared to stocks with high yields but with slow dividend growth. Even better, I love stocks that can increase their average annual dividend payouts by double-digits over long periods of time. Given that I don’t need the dividend income for living expenses right now, I believe that smaller starting yields which are boosted at a healthy rate will result in better overall performance for my Portfolio than high-yielders with minimal dividend growth.
The 11 stocks are highlights from an Argus Research dividend growth model portfolio. Yields on these 11 stocks are in the range of 0.7% to 2.3%, with the exception of the out-sized yield from Abbvie (ABBV) – oops… 1 of the 11 now revealed!
Several of these stocks are trading at fully-valued prices, so this isn’t a current ‘buy’ list. However, it certainly presents some stocks to keep in mind and consider adding to your portfolio should they present favorable entry points.
Each stock in the list includes the following:
- current market capitalization (as of Oct. 29th)
- dividend yield
- 5-year dividend growth rate
The stocks are listed in reverse order of their 5-year dividend growth rate.
As it turns out, the 11 companies come from 7 different GICS sectors. So, there’s some nice diversity within the group.
I happened to own 3 of the 11 stocks in my Portfolio. Yet, there are several others I’ve eyeballed over the years, but haven’t found the right time/price to initiate a position.
Give the list a look and let me know what you think. Own any of these stocks already? Any you don’t own that you wish were in your Portfolio?
I hope you find the article useful and/or enjoyable. As always, please share your thoughts once you’ve had a chance to read the material.
See you next time…