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Dividend aristocrats : 3 companies offering solid yield and growth

Charles Sainsbury
3. 1. 2024
3 min read

The current economic situation may be uncertain, but there is a group of companies that still maintain a strong position in rewarding their shareholders.

Three companies from different sectors, such as consumer goods, finance and healthcare, excel in generating passive income. From expansion in regional markets to strategic investments in new projects, each of these companies has a unique approach to sustainable dividends.

T. Rowe Price $TROW+0.0%

T. Rowe Price stands out in the stock market with a forward dividend yield of 4.53%. Its 37-year history of dividend growth is a testament to its steady performance. The company offers several products, notably ETFs and target-date funds, providing investment stability.

Another key factor is the solid performance of the company's production portfolio. Comparisons with competing products show that T. Rowe Price has maintained a top-half position over the long term, offering investors efficient and effective options.

In addition, the firm highlights its ability to successfully respond to market dynamics. Actively managed portfolios and flexible strategies provide investment flexibility in an uncertain environment. In this way, T. Rowe Price combines stability with adaptability, which appeals to a wide range of investors.

T. Rowe Price is not only a provider of investment products, but also a partner in the long-term financial success of its clients. Its outstanding track record in retirement planning and client care places it among the top financial institutions in the market.

TROW
$110.75 -$0.24 -0.22%
1 Day
+0%
5 Days
+2.97%
1 Month
+1.04%
6 Months
+0.48%
YTD
+2.77%
1 Year
-1.56%
5 Years
+13.04%
Max.
+13,681.7%

AbbVie $ABBV+0.0%

With a forward dividend yield of 4.0% and a long history of dividend growth, AbbVie is one of biopharma's leaders. The company's key products are experiencing exceptional revenue growth, with the company successfully selling into dermatology markets. Stable dividends and continued innovation reinforce the company as a leader in its industry.

AbbVie is focused on sustainable long-term growth. Investments in research and development of new drugs are pushing the boundaries of medicine. Key collaborations with academic institutions and biotechnology companies enable the company to guarantee patients access to modern treatments.

The strategy of expanding the product portfolio through acquisitions and market partnerships shows that AbbVie is also a business visionary. With a responsible approach to corporate social responsibility and a continuous effort to create a value-driven environment , AbbVie shows that biopharma can be a driver of social progress.

ABBV

AbbVie

ABBV
$179.34 $1.24 +0.70%
1 Day
+0.01%
5 Days
-0.08%
1 Month
+5.52%
6 Months
+20.17%
YTD
+10.59%
1 Year
+16.23%
5 Years
+120.14%
Max.
+403.27%

3M $MM+0.0%

With a forward dividend yield of 5.49% and a 65-year history of progressive dividends, 3M offers investors a stable yield. Improved operating margins in all business segments, particularly in the safety and industrial sectors, are evidence of efficient growth. Strong free cash flow growth, along with a reduction in net debt , underscores the company's ability to sustain dividends and invest for future growth.

The diversity of products, from adhesive tapes to medical devices, demonstrates 3M's ability to adapt to changing market needs. Sustainability and responsibility play a key role in the company's philosophy, which is reflected in a range ofeco-friendly products and efforts to reduce its environmental footprint.

3M does not limit itself to its own growth, but also to supporting communities. Education programs, support for charities and involvement in local initiatives show that 3M is not only thriving as a corporate giant, but also contributing to the overall development of society.

MMM

3M

MMM
$91.72 -$0.86 -0.93%
1 Day
+0.01%
5 Days
+0.4%
1 Month
-4.03%
6 Months
-7.45%
YTD
-16.15%
1 Year
-15.32%
5 Years
-56.2%
Max.
+2,117.07%

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You will find a lot of inspiration on Bulios, but of course the final stock selection and portfolio construction is up to you, so always do a thorough analysis of your own. Thepractical tools within the Bulios Blackmembership are always at your disposal.

Source.

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