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3 dividend stocks with double-digit dividend growth over the last 10 years

Jamie Cameron
11. 3. 2024
4 min read

In today's uncertain economic environment, investors are looking for a solid foundation for their portfolios. Stability and growth are becoming key factors in investment decisions. Although the markets are constantly changing, there are 3 companies that have been able to hold their ground and offer investors consistent returns. These companies are characterized by a long history of dividend growth and a solid financial background.

These 3 companies have achieved impressive double-digit dividend growth over the past 10 years. The significant growth in dividend payouts is a testament to the solid fundamentals and the ability of these companies to generate stable income for their shareholders. By focusing on companies that combine stability with the potential for further growth, investors can find attractive investment opportunities that provide solid returns even in turbulent times.

Lowe's $LOW-0.7%

Lowe's is in the building materials business and for over 60 years. increasing its dividend. Its 10-year "compound annual growth rate" for dividends is a staggering 18.3%, which means that from 68 cents a decade ago, the dividend has grown to today's $4.3. This means that those who invested ten years ago have been able to watch their investments skyrocket.

LOW
$228.35 -$1.66 -0.72%
Target Price
244.17 (+6.93% Upside)

The company Lowe's has built its position on strong free cash flow, which has grown at nearly 10% a yearfor the past 10 years. This means that not only is the company able to maintain its dividend payments, but it also has the potential for further growth. With free cash flow typically in the 20% to 30% range, there is plenty of room for further investment in the company's development.

LOW
$228.35 -$1.66 -0.72%
1 Day
+0.01%
5 Days
+0.35%
1 Month
+8.76%
6 Months
+3.21%
YTD
+10.28%
1 Year
+22.14%
5 Years
+139.42%
Max.
+51,771.61%

Investors can look forward to Lowe's stability and growth, which combines high dividend growth with robust financial health. There is potential for future dividend growth associated with this company while providing attractive yields for long-term investors.

Roper Technologies $ROP-0.2%

Roper Technologies is a an example of transformational and innovation among technology companies. A decade ago, it specialized primarily in fluid handling equipment and industrial control systems, but today it is a leader in application software and technology products. With an impressive "compound annual growth rate" dividends of over 14% over the past decade, Roper Technologies has been able to generate stable and rapidly growing returns for its shareholders.

ROP
$526.98 -$1.28 -0.24%
Target Price
528.25 (+0.24% Upside)

Over the past ten years Roper Technologies has been able to maintain a pace that represents an impressive 10% annual growth in free cash flow. This proves that it has a solid financial foundation to support its dividend payments, and this is a key factor for investors looking for long-term stability. Investors who put $10,000 into Roper Technologies ten years ago would see a value of $42,580 in their account today, a testament to the company's successful growth and performance.

ROP
$526.98 -$1.28 -0.24%
1 Day
+0%
5 Days
-0.16%
1 Month
-1.55%
6 Months
+9.28%
YTD
+1.07%
1 Year
+27.96%
5 Years
+69.21%
Max.
+26,251.71%

With this remarkable performance in steady dividend growth and outstanding financial background Roper Technologies offers an investment opportunity for those seeking a combination of growth and stability. Its technology focus and the ability to adapt to changing markets make it one of the most attractive players.

AbbVie $ABBV+0.5%

AbbVie has entered the dividend aristocrats nearly a decade ago and has been delivering steady and fast-growing dividends to its shareholders ever since. With more than 14% annual dividend growth, AbbVie is a significant player in the pharmaceuticals and medicine. Over the past few years, it has managed to become one of the strongest performers with dividend payouts.

ABBV

AbbVie

ABBV
$162.54 $0.87 +0.54%
Target Price
158.41 (-2.54% Downside)

Being part of AbbVie is to be part of a success story of growth and performance. The company has been able to maintain its "free cash flow" growth rate above 13% for the past decade. Last year, AbbVie generated more than $22 billion in"free cash flow", which enabled the payment of $10.5 billion in dividends. This means AbbVie's payout ratio of approximately 50% is firmly rooted in its long history and demonstrates its ability to maintain a stable dividend yield.

ABBV

AbbVie

ABBV
$162.54 $0.87 +0.54%
1 Day
+0.01%
5 Days
+2.85%
1 Month
+3.46%
6 Months
+21.59%
YTD
+13.29%
1 Year
+18.39%
5 Years
+131.42%
Max.
+415.55%

AbbVie therefore provides long-term stability and dividend growth. Its ability to generate high "free cash flow" while maintaining a dividend payout at high may make it an attractive candidate for investors seeking long-term yield.

Disclaimer: There is plenty of inspiration to be found on Bulios, but stock selection and portfolio construction is up to you, so always conduct thorough self-analysis.

Source.


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