The two previous posts highlighted Top 10 Dividend Champions
by Sector
and Yield.
Below you’ll find the Top 10 Dividend Champions based on their 10-Year Dividend
Growth Rate (DGR).
Dividend Champions are firms that have increased their
dividend payments annually for at least 25 years. Those in the table below have
generated the largest percentage rate of growth in their dividend payments over
the past 10 years. Due to ties the list includes 12 firms rather than 10. Dividend
Farmers might consider it a Christmas bonus. There’s one each for
the 12 Days of Christmas.
Champion
|
10-Year DGR %
|
Helmerich & Payne Inc.
|
31.0
|
Ross Stores Inc.
|
25.2
|
A.O. Smith Corp.
|
19.9
|
Stryker Corp.
|
19.0
|
Roper Technologies Inc.
|
19.0
|
Lowe’s Companies
|
18.4
|
Jack Henry & Associates
|
17.3
|
Cintas Corp.
|
16.1
|
Target Corp.
|
15.4
|
Computer Services Inc.
|
15.0
|
Hormel Foods Corp.
|
15.0
|
Walgreens Boots Alliance Inc.
|
15.0
|
You could view the table above as an initial screen for your
DIY investment research and analysis. The Dividend Farming
Company Scorecards are summaries I develop while exploring possible
investments for The Farm. I compare several of a firm’s business metrics
against defined benchmarks and those of alternative investments. That way I get
a feel for a firm’s performance against a standard as well as its performance
relative to other firms I’m considering.
The caveat about simply picking from a Top 10 list still
applies. Good investors are always
learning. Start with a screen like the one above and dig in. Find
out about a firm’s performance across established financial metrics, industry
position, and dividend history. Read about Benjamin
Graham’s or Warren Buffett’s work to find out how master Value
Investors selected stock. Above all, keep learning. You’ll become a savvy
investor before you know it. You’ll see remarkable progress in your Dividend
Farming harvest and a big smile on your future self.
Thoughts presented are those
of the author, who is not a financial professional. Perspectives are not
investment advice, but offered for the purpose of discussion and information.
For specific investment advice or assistance, please contact a registered
investment advisor, licensed broker, or other financial professional.
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