Rob Carrick of the Globe and Mail wrote about companies that have consistent dividend growth.

Stocks of the S&P 100 index  were looked at (or the bigger companies in the S&P 500 index)

The 1 year and 5 year dividend growth rates were compared.

To make the cut, stocks needed growth rates of above 9.5% each for the 1 and 5 years. And no more that a 7% difference between the 1 and 5 years.

Who made it:

Company                                      1 Year Dividend Growth                5 Year Dividend Growth

Walt Disney                                        23.5 %                                            28.8%

CVS Health                                         21.4                                                  27.7

Boeing                                                  19.8                                                 21.0

Lowe’s                                                 21.7                                                  20.6

Microsoft                                             16.1                                                 17.6

Nike                                                       14.3                                                15.6

Honeywell                                         15.0                                                  12.3

Allstate                                              10                                                        9.5

The difference is these companies generate consistent dividend growth each year. Some companies are not that consistent for example

HP                                                       70.                                                     27.8

Dow Chemical                                9.5                                                      25.1

Wells Fargo                                    1.3                                                        26

Linking to dividend paying stocks, the charts (and you can change the criteria) show it is very possible to buy solid companies that consistently raise their dividends with limited risk to you. The companies that consistently raise their dividends are generating profits which helps ensures the stock price rises and your total return to increase. The companies have gone through the economic cycle and doing things very well and as they are rewarded you are rewarded.

There are more questions than answers, till the next till – to raising questions.