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Looking For Double-Digit Dividend Growth In Today's Uncertain Times

Published Wed, 29 Apr 2020 10:30:47 -0400 on Seeking Alpha

COVID has caused many companies to cut or suspend their dividends.
However, that doesn't mean that others won't continue to grow their annual payments.
In this article, I discuss 5 stocks that have the potential to provided double digit dividend growth in 2020.
Every week when preparing for The Dividend Kings vodcast series, I end up putting roughly 1000 words together in preparation of the companies that I will be discussing. I realized that it was silly of me not to put these words to greater use, with regard to the articles that I write here at Seeking Alpha. With that in mind, I’ve decided to turn my notes from the last couple of weeks into an article, discussing my market outlook and the picks that I made.
If you’ve already listened to the vodcast or read through the transcript, then this piece may not have a lot of value to you. But, if you haven’t, or if you’re just interested in a more in-depth dive into my thought process, this is the article for you.
Last week, the theme of the DK vodcast was the search for safe and reliable dividends. In such a volatile market environment, where we’re seeing dividends being cut and suspended seemingly left and right, we wanted to focus on names that are likely to maintain their payments throughout the COVID-19 crisis so that income oriented investors could get some ideas for further due diligence during these turbulent times.
As always, I want to note that there is so such thing as a sure thing in the equity dividend space. Dividends are always at risk of being cut. There is nothing guaranteed when it comes to them. I’ve said this hundreds of times now, but there is no such thing as a bond-equivalent stock with regard to safe income. Yet, even with this in mind, I continue to invest the vast majority of my savings (right now, my portfolio is ~91.5% equities and ~8.5% cash) into dividend growth stocks because I believe that the risk is worth the reward.
Even though I acknowledge that my... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
ABBVIE 70.83   26.0 2.72 4.28 6.28
ABBOTT LABORATORIES 85.21   52.3 1.63 1.28 1.54
MICROSOFT 137.52   27.1 5.07 1.84 1.35
NIKE 87.67   35.2 2.49 0.88 1.01
VISA 177.98   34.2 5.21 1.00 0.57
MASTERCARD 276.40   42.6 6.49 1.32 0.48

ABBVIE - ABBV
ABBVIE - ABBV  


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