Looking beyond the familiar dividend stocks in the auto industry like Ford F and General Motors GM, whose attractive yields are encouraging but payouts do not appear too sustainable amid macro-economic headwinds, we focus on four stocks with strong dividend growth history. Although these stocks do not necessarily have the highest yields, they have an impressive dividend track record. Based on the stocks’ prospects, their payout appears affordable and safe. Notably, each of the stocks has announced dividend hikes in this month...
Penske Automotive Group PAG: On Feb 12, the firm raised quarterly cash dividend to 42 cents a share. This marked the 35th straight quarter of dividend hike, underscoring the company’s commitment of returning capital to its shareholders. Group 1 Automotive, Inc. GPI: On Feb 18, Group 1 raised fourth-quarter 2019 dividend by 3.4% sequentially to 30 cents a share. Genuine Parts Company GPC: On Feb 18, Genuine Parts Company raised its 2020 dividend by 4%. Importantly, the auto parts company has paid dividend every year since its IPO in 1948. Lear Corporation LEA: On Feb 6, Lear hiked quarterly payout to 77 cents from 75 cents, marking the ninth consecutive annual dividend increase by the company.
Source: Yahoo Finance
Related Articles:
- 4 Dividend Growth Stocks That Could Make You Wealthy
- A Roadmap To Build Wealth With Dividend Stocks
- High-Yield Managed Distribution Policy Funds
- 5 Blue Chip Dividend Stocks For When the Chips Are Down
- 6 Dividend Stocks With A Good Yield And Growth Balance
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Here's an eye-opening statistic: older Americans are more afraid of running out of money than of death itself. And unfortunately, even r...
-
Today, we’ll look at three high-yield dividend stocks that have earned a ‘perfect 10’ from the Smart Score. For investors seeking a clear fo...
-
How do you assess risk? Different investors have different approaches, and when a Black Swan event topples the market, risk assessment becom...
-
Master limited partnerships (MLPs) have fallen out of favor with investors in recent years, thanks to a combination of continued turbulence ...
-
Many companies have been suspending their dividends during the COVID-19 crisis, and in many cases it is understandable. In times of economic...
-
While near-term fluctuations in the stock market can be unpredictable, dividends are one of the few reliable sources of market returns. Stoc...
-
With the price of oil rebounding, I wanted to find five cheap energy stocks that have solid dividend yields. In other words, the dividends a...
-
AbbVie (NASDAQ:ABBV) is in the midst of a transition. AbbVie began life about a decade ago when it was spun off from health care and medical...
-
3M Company (NYSE:MMM) is growing its FCF very well, and as a result, MMM stock is likely to move up at least 44% over the next or so. Right ...
-
This article deals with a sensitive subject - prisons, more precisely, US prisons. Regardless of which side of the argument one takes, sadly...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.