"There is another tier of these " Dividend Aristocrats " that operates just below the radar that has been raising dividends for 30, 40, or even 50+ consecutive years. They don't generate the same kind of headlines, they might not be consumer brands you immediately recognize, and they operate in "uncool" industries such as medical devices, food processing, industrial equipment, and business services."
"Abbott Laboratories ( NYSE:ABT) has raised its dividend for 54 consecutive years, putting it in elite company among dividend growers. The company yields 2.00% with a $2.52 annual dividend, and the 7.14% dividend growth rate reflects management's confidence in the business trajectory. Better yet, the 30.15% payout ratio leaves plenty of room for significant dividend increases without straining cash flow."
Big-name Dividend Aristocrats like Johnson & Johnson, Coca-Cola, and Procter & Gamble often dominate attention and income portfolios. Another tier of Dividend Aristocrats quietly raises dividends for 30, 40, or 50+ consecutive years while operating in less recognized, "uncool" industries such as medical devices, food processing, industrial equipment, and business services. Multi-decade dividend increases indicate durable business models with strong competitive advantages that have weathered recessions, industry disruptions, and generational shifts while increasing shareholder payouts. Abbott Laboratories has raised its dividend for 54 consecutive years, yields 2.00% with a $2.52 annual dividend, a 7.14% growth rate, and a 30.15% payout ratio. Abbott's business spans diagnostics, medical devices, nutrition, and pharmaceuticals with a focus on chronic conditions and aging populations. Diversity across product lines and geographies insulates the company from single-market risk, and a shift toward higher-margin devices and diagnostics supports earnings growth.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]