Credits: The-sun
By: Aquib Nawab
Finance
Let's understand why these metrics are crucial. They help us identify strong investments based on consistent dividend payments, attractive yields, and the potential for dividend growth.
Credits: NY Times
United Parcel Service is a standout with a remarkable track record of 15 consecutive years of dividend increases. Investors are rewarded with an attractive 4% yield, and the company has demonstrated a 5-year dividend growth rate of 10.3%. UPS exhibits both resilience and potential for future growth.
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Corning is well-positioned for success in the 5G and specialty glass sectors. It offers a compelling 3.7% dividend yield, boasting 14 consecutive years of dividend growth. Additionally, its impressive 5-year dividend growth rate of 10.4% reflects its commitment to rewarding shareholders.
Credits: Bloomberg
Haverty Furniture shines with a decade of dividend growth and a 5-year dividend growth rate matching Corning's at 10.4%. What sets Haverty apart is its strong financial position, characterized by a robust free cash flow per share of $2.43 and a debt-free balance sheet.
Credits: AJC
Cogent excels in the internet services sector, offering a forward dividend yield of 5%. With 11 years of consistent dividend growth and an estimated forward revenue growth rate of 24%, Cogent demonstrates its strength and potential for the future.
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Extra Space Storage, with a vast portfolio of over 2,000 self-storage properties, showcases financial strength with a 4.4% dividend yield. Investors benefit from 13 years of dividend increases and a remarkable 5-year dividend growth rate of 14%.
Credits: DaiGC
Magna International plays a crucial role in the electric vehicle (EV) sector and presents a strong 3.3% dividend yield. The company has consistently increased its dividend for six years, supported by a robust sales growth of 10% year-over-year.
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Mercantile Bank shines in the regional banking sector with a 3.4% dividend yield and a 5-year dividend growth rate of 7.6%. Its success is underscored by robust commercial loan growth and a solid financial position.
Credits: Unsplash
We used a special tool to pick these stocks. We focused on stocks that pay between 3% and 5%, have a history of increasing payments for over 10 years, and have a growth rate under 15%.
Credits: Canva