10 High Growth Dividend Champions
0.71%April 23 | MyPlanIQ portfolio symbol P_36843
Dividend Champion Stocks: The Boring Path to Financial Success
We are always looking for ideas to build long term asset value.
Tyler from DividendMoney.com
focuses in on the getting rich slowly with dividend stock. The dividend
process is slow but it is low risk and re-investing dividends has a
compound effect. His example is
“Take a boring old dividend paying stock — or at least one that seems
that way — paying 5% in dividends yearly and racking up a conservative
5% in capital appreciation. Begin with $1,000 and reinvest those
dividends. After 30 boring years, you’ll possess a staggering $18,700!
(Let’s multiply that number by 10X for a more realistic example)…
$187,000 How boring is that?”
The
DRiP Investing Resource Center compiles a list of 100 companies that have consistently increased their dividend payouts for over 25 years straight.
When you consider all the ups and downs the market has seen this past
quarter century, it's an especially impressive feat, attesting to the
strength of the firms that made the cut.
The staff at
Kapitall.com extracted the DRiP’s dividend champions that have performed the best over the past year and that is going to be a list of companies we will examine.
- Helmerich & Payne Inc. (HP): Oil & Gas Drilling & Exploration
- Nordson Corporation (NDSN): Diversified Machinery industry
- National Fuel Gas Co. (NFG): Gas Utilities industry
- Raven Industries Inc. (RAVN): Printed Circuit Boards
- V.F. Corporation (VFC): Apparel Clothing Textile industry
- The McGraw-Hill Companies, Inc. (MHP): Book Publishing
- Exxon Mobil Corporation (XOM): Major Integrated Oil & Gas
- Hormel Foods Corp. (HRL): Meat Products
- Walgreen Co. (WAG): Drug Stores
- W.W. Grainger, Inc. (GWW): Industrial Equipment
Having already stated that these have seen rapid stock price gains over the past year, we would expect to see a very strong one year performance but it will be interesting to see how it has performed over the longer period. These are all solid businesses that could make part of a long term stock portfolio. This is of interest to me and certainly worth benchmarking.