Dividend growth stocks are one of the best-kept secrets in the investing world.
After all, these are high-quality companies with strong competitive advantages
that allow them to generate rising earnings over time. As a result, most of
these companies generate so much in excess cash flow that they are able to pay a
higher dividend over time without sacrificing long-term growth. Companies that
raise dividends at a high rate could easily generate double-digit yields on cost
for investors who bought early and at the right time. The following dividend
champions have the highest consistent dividend growth rates: Lowes (NYSE: LOW ),
together with its subsidiaries, operates as a home improvement retailer in the
United States and Canada. The company has boosted distributions for 49 years in
a row. Ten-year annual dividend growth rate: 27.6%. Yield: 2.8%. ( analysis )
McDonalds (NYSE: MCD ), together with its subsidiaries, operates as a worldwide
foodservice retailer. The company has increased distributions for 35 consecutive
years. Ten-year annual dividend growth rate: 26.5% Yield: 2.8%. ( analysis )
Raven Industries (NASDAQ: RAVN ) manufactures various products for industrial,
agricultural, construction and military/aerospace markets in the United States
and internationally. The company has boosted distributions for 25 years in a
row. Ten-year annual dividend growth rate: 18.2%. Yield: 1.5%. Wal-Mart (NYSE:
WMT ) operates retail stores in various formats worldwide. The company has
increased distributions for 37 consecutive years. Ten-year annual dividend
growth rate: 17.8% Yield: 2.8%. ( analysis )
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