The stock market is a constant game of ups and downs, leaving traders wondering which stocks to buy and which stocks to sell. In this industry of uncertainty those who can find the best stocks and know when to sell come out on top. Many people wonder each day which stocks will rise, and which will fall as one can never be certain. However there are a few stocks that have managed to increase dividends consistently over the years. In this article we are going to take a look at 5 different stocks that have increased their dividend over the years.
5. Pepsico – NYSE: PEP
Pepsico is the large multinational food and soft drinks giant. They provide the world with drinks like Pepsi and Mountain Dew, to foods like Doritos and Lays chips, among many other products. Pepsico has had years of consistently good operation, increasing revenues and dividends. Their compound annual growth rate has been around 8%, and Pepsico has consistently maintained growth for both their dividends per share and their earnings per share. With revenues sitting around $66.4 billion last year, Pepsico is a solid company to invest in.
4. Kimberly-Clark – NYSE: KMB
Next up on our list is Kimberly-Clark. This Texas based companies produces paper consumer goods such as Kleenex, Cottonelle, and Huggies among other products. This company has consistently increased its revenues, earnings per share, and dividends per share over the years. They have had a compound annual growth rate of about 7% in the past few years, while earnings per share has a growth of about 5.4% for the past 10 years.
3. AbbVie – NYSE: ABBV
The massive medical device company, Abbott Laboratories, had AbbVie as one of their subsidiaries but then in 2011, announced that they would become two separate publicly traded companies. AbbVie a research and development bio-pharmaceutical company that you probably have not heard of. The pharmaceutical industry has always seen exponential growth, and AbbVie is no exception. AbbVie is known for creating the popular drug Humira. Trading today at $53.90 dollars per share, their earning per share and dividends per share have gone up greatly in the past years, and their parent company Abbott Laboratories has also seen great increases in revenue, earnings per share, and dividends per share, making them a smart buy.
2. Middlesex Water Company– NYSE: MSEX
Middlesex Water Company is a water service and utility company that operates out of New Jersey and has been around for 117 years. In that time they have seen consistent growth all around. Seeing a compound annual growth rate about 5.7%, Middlesex Water Company has increased its revenues from $102.73 million dollars in 2010 to $114.85 million in 2013, Middlesex water is another solid buy with stocks trading at $20.19 dollars.
1. V.F. Corporation – NYSE: VFC
V.F. Corporation is an American apparel company that owns Wrangler Jeans, Lee Jeans, Eastpak, Jansport, and The North Face among other things. They have seen consistent growth over the years they have increased their revenues from $7.7 billion in 2010 to $11.4 billion in 2013, in addition to increasing their diluted normalized earnings per share from 1.64 to 2.74 from 2010 to 2013 respectively.
Photo by Spencer Platt
*Sebastian owns none of these stocks.
