Dividend kings, stocks with 50+ consecutive years of dividend growth, are a rare and prized collection of generally low-risk income growth investments.
Many of these companies have established leadership positions in the markets they serve through some combination of economies of scale, intellectual property, and customer relationships.
In the case of Tootsie Roll (NYSE: TR), the company has increased its dividend for 51 consecutive years thanks largely to its portfolio of popular candy brands.
Given Warren Buffett’s affection for popular food brands in his dividend portfolio here, let’s take a closer look at Tootsie Roll to see if this dividend king could be an appealing long-term investment.
Business Overview Founded in 1896 by Leo Hirschfield in Chicago,... more
Many income investors, especially those focused on the best high-dividend stocks, often rely on slow but steadily growing companies to make up the core of their diversified dividend portfolios.
And among such companies, certain dividend kings, stocks with 50+ consecutive years of payout growth, represent some of the best time-tested, low risk names you can find on Wall Street.
Let’s take a look at Genuine Parts Company (NYSE: GPC), a business that’s seen sales and profit growth in 84 and 73 of the past 89 years, respectively, and which has rewarded dividend lovers with an impressive 61 straight years of dividend increases.
Despite the company’s attractive long-term history, Genuine Parts Company’s stock trades at an 18-month low, driven by disappointing... more
As stated in Part 1 of this series, where we analyzed the first candidate to join our portfolio, faced with fear and uncertainty, many oil and gas investors have decided to take their money elsewhere as oil prices have registered total declines of 50% during the last three years. The oil and gas sector is mostly made up of companies with tiny margins, no room to reward shareholders, and unsustainable debt, which will force most of them to disappear sooner or later. Against this background, however, and after a little research, we can still find great exceptions.
I have selected the following four minimum requirements with which these companies must comply in order to be added to our list:
long- and short-term debt / EBITDA < 4 cash flow from operations > capex (maintenance)... more
EnPro Industries, Inc. (NYSE: NPO) today declared a regular quarterly dividend of $0.22 per share. The dividend is payable September 20, 2017 to shareholders of record as of the close of business on September 6, 2017.... more
The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and eight cents ($1.08) per share, payable September 11, 2017, to all holders of common stock as shown on the transfer records of the Corporation at the close of business August 18, 2017.... more
Introduction Closed-end funds [CEFs] have been in existence for more than 100 years, according to CEFA, the Closed-End Fund Association. The modern version of investment companies stems from the Investment Company Act of 1940 (1940 Act), which defines responsibilities and limitations of all investment companies, including CEFs, and provides for their regulation by the SEC. A key feature of most investment companies is that their investors escape double taxation of gains, dividends, and interest, as long as the firm qualifies as a Regulated Investment Company (RIC) by meeting certain requirements defined in the 1940 Act. A key RIC requirement is that at least 90% of profits must be passed through to the individual shareholders. Closed-end funds are but one type of investment company, and... more
TPG Specialty Lending (TSLX) will be reporting Q2 2017 results on August 2, after the market closes, which is also when the company will be announcing dividends including the potential payment of additional special dividends. This article will discuss the amount of potential special dividends that investors can expect in 2017 based on current EPS estimates. However, it should be noted that my projections take into account higher prepayment-related income that will likely drive actual results higher than current analyst estimates.
The information in this article was provided to subscribers of "Sustainable Dividends," shortly after TSLX reported Q1 2017 results along with suggested pricing, rankings and dividend coverage projections.
Upcoming Repayments... more
Frontier Communications Corporation (Nasdaq: FTR) announced today that its Board of Directors has declared a regular quarterly dividend on Frontier’s 11.125% Mandatory Convertible Preferred Stock, Series A, of $2.78125 per share, payable in cash on September 29, 2017 to holders of record at the close of business on September 15, 2017.... more
Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.41 per share on its outstanding Class A common stock. The dividend is payable on August 18, 2017, to stockholders of record on August 7, 2017.... more
The Board of Directors of McKesson Corporation (NYSE: MCK) today declared a regular dividend of thirty-four cents per share on Common Stock, a twenty-one percent increase from twenty-eight cents per share in the prior quarter. The dividend will be payable on October 2, 2017, to stockholders of record on September 1, 2017.... more