Most of the stocks are U.S. based companies. However, there are a few companies with headquarters in or incorporated outside of the U.S. For many investors, the S&P 500 represents the U.S. stock market and this index is used as a benchmark for many portfolios.
Not all stock in the index pay dividends, but many of the best known dividend growth stocks are part of the index. The dividend Aristocrats is a subset of the S&P 500 and is limited to stocks that have increased their dividend for 25 or more years.
This week week, I screened my dividend growth stocks database for stocks that are members of the S&P 500 and have a yield of 4.75% or more. The results are presented below:
3M Co. (MMM) es enhanced product functionality in electronics, health care, industrial, consumer, office, telecommunications, safety & security and other markets via coatings, sealants, adhesives and other chemical additives. The company has paid a cash dividend to shareholders every year since 1916 and has increased its dividend payments for 64 consecutive years. Yield: 5.0%
Walgreens Boots Alliance, Inc. (WBA) is the largest U.S. retail drug chain in terms of revenues, this company operates more than 8,000 drug stores throughout the U.S. and Puerto Rico. The company has paid a cash dividend to shareholders every year since 1933 and has increased its dividend payments for 48 consecutive years. Yield: 5.1%
Verizon Communications Inc. (VZ) is the largest U.S. wireless carrier, Verizon also offers wireline and broadband services primarily in the northeastern U.S. The company has paid a cash dividend to shareholders every year since 1984 and has increased its dividend payments for 18 consecutive years. Yield: 6.6%
As with past screens, the data presented above is in its raw form. Some of the the companies would be disqualified for poor dividend fundamentals. However some of the others may be worth additional due diligence.
My database, D4L-Data, is a Excel spreadsheet containing more than 20 columns of information on the 150+ companies that I track. The data is sortable and is easy to use. Companies included in the list are those that have had a history of dividend growth. The D4L-Data spreadsheet is a part of D4L-Premium Services and is updated each Saturday for subscribers.
Full Disclosure: Long VZ,
Related Articles
