Who doesn’t look for predictable income, high yields, and long-term growth in their investments?
Everyone, we would imagine…
The S&P Indices maintains The Dividend Aristocrats Index, a list of companies that have paid dividends for at least 25 consecutive years.
Just as in any marriage they paid increases in good times and bad, during the financial meltdown of 2008, the dot com bubble, and most recently, the coronavirus pandemic.
During a time of instability, they are a good place to seek shelter.
Here are five stocks to consider for dividend growth and listed on the Aristocrats Index.
#1: ExxonMobil Corporation (NYSE: XOM) is the largest publicly traded international energy company. It explores for and produces crude oil and natural gas, manufacturing of petroleum products and transportation, and sale of crude oil and natural gas, and natural gas, and petroleum products in the United States and the world. ExxonMobile is also engaged in the exploration for, and mining and sale of coal, copper, and other minerals. The current dividend payout for Exxon as of September 21, 2020, is $3.48, and the current dividend yield 9.36%. 31 consecutive years of paying dividends.
#2: Chevron Corporation (NYSE: CVX) and its subsidiaries is a leading energy company, involved in every aspect of the world of energy. Chevron too explores for, produces, and transports crude oil and natural gas, it refines, markets, and distributes transportation fuels and lubricants and manufactures and sells petrochemicals, generates power, and more. The current dividend payout for Chevron as of September 21, 2020, is $5.16, and the current dividend yield is 6.60%. 31 consecutive years of paying dividends.
#3: Raytheon Technologies Corporation (NYSE: RTX) This aerospace and defense giant is a supplier of advanced systems and services for commercial, military, and governments around the world. Raytheon is broken into four distinct businesses; Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The current dividend payout for Raytheon as of September 21, 2020, is $1.90, and the current dividend yield is 3.05%. 31 consecutive years of paying dividends.
#4: AbbVie Inc.(NYSE: ABBV) discovers, develops, manufactures, and sells pharmaceuticals throughout the U.S. and the world. It has a stable full of familiar brands like HUMIRA, SYRIZA, and IMBRUVICA. AbbVie has outperformed the S&P Index since 2013 and investors have seen double-digit returns & dividend increases. The current dividend payout for AbbVie as of September 21, 2020, is $4.72, and the current dividend yield is 5.24%.
#5: Peoples United Financial (NASDAQ: PBCT) is a diversified bank holding company for People’s United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers, as well as insurance, trust, and financial advisory services. The company operates in two segments, Commercial Banking and Retail Banking. PBCT operates 450 branches in the Northeast and East Coast areas of the U.S. The current dividend payout for People’s United Financial as of September 21, 2020, is $0.72, and the current dividend yield is 6.77%. 28 consecutive years of paying dividends.
Your Bottom Line: It’s not easy to find good dividend stocks. Any company can pay. The trick is to find those that are stable with a history of innovation, stability, and long-term growth.