All Dividend Hikes of the Month

We Have Collected the Most Noticable Dividend Hikes of the Month for You

Dec 10, 2024

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Intro

Hi there, this is Max!

My team and I decided that you might find it interesting to watch the dividend payouts of the most notable companies. This is an interesting point to follow for the best ones to invest in stocks and get growing dividends today.

The Most Interesting Dividend Hikes of the Month

Dividend Universe for the Month

Number of Increases: 73
Number of Companies with 10 years consecutive dividends: 456
Average Hike of the Month: ~6.53%

AbbVie (ABBV) 5.81%
Agree Realty (AVC) 1.20%
American ElectriPower (AEP) 5.68%
American Financial Group (AFG) 12.68% 🔥
A. O. Smith (AOS) 6.25%
Arrow Financial (AROW) 3.70%
Associated Banc-Corp (ASB) 4.55%
AtlantiUnion Bankshares (AUB) 6.25%
Avient (AVNT) 4.85%
Armstrong World Industries (AWI) 10.00%
Brown & Brown(BRO) 15.38% 🔥
Cass Information Systems (CASS) 3.33%
CVW (CVW) 0.81%
Cognex (CGNX) 6.67%
Community Healthcare Trust Inc. (CHCT) 0.54%
Churchill Downs Incorporated (CHDN) 7.07%
ConocoPhillips (COP) 34.48% 🔥
Chesapeake Financial Shares (CPKF) 3.23%
CRA International (CRAI) 16.67% 🔥
CSW Industrials (CSWI) 14.29% 🔥
Clearway Energy (CWEN) 1.65%
D.R. Horton (DHI) 33.33% 🔥
Delek Logistics Partners (DKL) 0.92%
Enterprise Financial Services (EFSC) 3.70%
Eagle Financial Services (EFSI) 3.33%
Entergy (ETR) 6.19%
Fidelity D & D Bancorp (FDBC) 5.26%
Comfort Systems USA (FIX) 16.67% 🔥
The Gorman-Rupp (GRC) 2.78%
Getty Realty (GTY) 4.44%
Home Bancorp (HBCP) 4.00%
Hess Midstream LP (HESM) 2.53%
The Hartford Financial Services Gr. (HIG) 10.64%
Huntington Ingalls Industries (HII) 3.85%
Honat Bancorp (HONT) 4.41%
HomeTrust Bancshares (HTBI) 9.09%
Hubbell Incorporated (HUBB) 8.20%
IDACORP (IDA) 3.61%
Leidos Holdings (LDOS) 5.26%
Lincoln Electric Holdings (LECO) 5.63%
Lockheed Martin (LMT) 4.76%
MPLX LP (MPLX) 12.53% 🔥
Middlesex Water (MSEX) 4.62%
Murphy USA (MUSA) 6.67%
Mueller Water Products (MWA) 4.69%
National Bank Holdings (NBHC) 3.57%
NextEra Energy Partners, LP (NEP) 1.30%
Northeast Indiana Bancorp (NIDB) 5.00%
Northwest Natural Holding (NWN) 0.51%
NexPoint Residential Trust (NXRT) 10.29%
Bank OZK (OZK) 2.50%
Prosperity Bancshares (PB) 3.57%
Principal Financial Group (PFG) 1.39%
Pinnacle West Capital (PNW) 1.70%
RPM International (RPM) 10.00%
SoniAutomotive (SAH) 16.67% 🔥
SB Financial Group (SBFG) 3.57%
Starbucks (SBUX) 7.02%
Selective Insurance Group (SIGI) 0.57%
Sirius XM Holdings (SIRI) 1.50%
South Plains Financial (SPFI) 7.14%
S&T Bancorp (STBA) 3.03%
Standex International (SXI) 6.67%
TFI International (TFII) 12.50% 🔥
Thor Industries (THO) 4.17%
Tompkins Financial (TMP) 1.64%
Trinity Bank, N.A. (TYBT) 5.60%
Calvin B. Taylor Bankshares (TYCB) 2.06%
UMB Financial (UMBF) 2.56%
Visa (V) 13.46% 🔥
Vistra (VST) 0.91%
Waste Connections (WCN) 10.53%
West Pharmaceutical Services (WST) 5.00%

Dividend Market Overview

A Deep Dive into Last Week Dividend’s Universe Events

Dividend growth investing is all about finding stocks that pay dividends and can keep growing them over time. MaxDividends is all about that plus maximizing yields to get the most from dividends and boost growing passive income on your side.

A company that has steadily increased dividends over decades likely has a sustainable business model and competitive advantage.

Last week we did a great job and released a great article about European Dividend Titans. If you haven't read it yet, here it is

👉 The Big 12. Dividend Powerhouses That Own 550+ Brands

And we also prepared Monthly Rapid Growth Dividend Stocks Overview.

👉 Top 5 Undervalued Dividends Ideas of December

This week promises to be very active. We will release an update on undervalued Dividend Kings and Dividend Aristocrats.

I am also preparing a list of stocks of the month that I am currently following.

Now, let’s dive into the biggest movers and those getting ready to pay you in the coming days.

Top 3 Gainers of the Week: MaxDividends Top Stocks

Top Dividend Stocks picked by MaxDividends Team

+4,86% Microsoft Corp

Microsoft (NASDAQ: MSFT) isn't just about Windows and Office—they're also making it rain for investors. With a dividend yield of 0.75%, that's $3.32 per share annually, they've been upping their game for 20 straight years.

Over the past three years, they've bumped dividends by an average of 10.11% annually, all while keeping a payout ratio of 27.39%.

This means they're sharing profits without skimping on innovation. Plus, they've just announced a $60 billion stock buyback and a 10% dividend hike, showing they're all in on rewarding shareholders.

So, if you're looking for a tech giant that's as generous as it is groundbreaking, Microsoft's got your back.

+5,54% Brown-Forman Corp

Brown-Forman (NYSE: BF.B), the mastermind behind Jack Daniel's and other legendary spirits, knows how to keep the good times rolling for investors too.

With a dividend yield of 2.05% and an annual payout of $0.91 per share, they’ve been on a 15-year streak of growing dividends .

And it’s not just slow sipping—over the past five years, their dividends have surged by 33%, showing they’re serious about rewarding their shareholders .

With a payout ratio of 41.56%, they’re striking a sweet balance between sharing profits and reinvesting for the future .

If you’re into steady, sustainable growth with a hint of legacy, this one’s worth raising a glass to.

+9,77% Williams-Sonoma Inc

Williams-Sonoma (NYSE: WSM) is the kind of company that knows how to balance style and substance. Sure, they’re famous for high-end cookware and dreamy home decor, but their dividend game? That’s where things get seriously impressive.

They’re rocking a 1.21% yield, which translates to $2.28 annually per share. What’s even cooler? They’ve been upping their payouts for 19 years straight, like clockwork. Over the past three years, they’ve cranked up dividends at an insane 20.88% annualized rate.

And with a payout ratio of just 26.97%, they’re nowhere near maxing out, leaving tons of headroom for future growth. It’s like they’re saying, “Yeah, we’ve got this whole steady growth thing figured out—and we’re here to share the love with our investors.”

Dividend Hike of the Week: The Campbell’s Company (CPB)

Dividend Increase: +5.00%. Consistent Dividends since 1986.

Campbell's (NYSE: CPB), the soup giant we all know, is turning up the heat for its shareholders. Management just announced a 5% annual dividend hike, bumping the quarterly payout from $0.37 to $0.39 per share, with the new dividend payable on January 27, 2025, to shareholders of record as of January 2.

That brings the annual dividend to $1.83, which, at a 3.46% yield, is looking pretty cozy. Over the last five years, dividends have grown by 6%, and with a payout ratio of 48.86%, Campbell’s is keeping things sustainable while saving $30 million in Q1 under their $250 million cost-savings plan.

Steady growth and a classic name? This one's serving up solid value.

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My Plans for This Week

This week I will continue to watch the market. Of interest are the results of the AVGO Broadcom report and a possible increase in the company's dividends.

On Friday I plan to make regular purchases in the dividend portfolio. The strategy today is the same. I am increasing the portfolio of stocks with high dividends in order to form a growing passive income from stock dividends.

My goal is to live off dividends and continue investing in stocks. We are building the most dividend community on Earth. And I am happy to see you among the partners and participants of the MaxDividends community.

That’s all for to today.

With respect for your well-being, Max

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Dividends provide a constant source of passive income, which makes dividend stocks an attractive option for conservative investors and those who are not ready to spend time on constant market monitoring.

At this stage in my life, predictable growing passive income is more important than the long-term price appreciation of stocks, because I plan to live off the dividends. And this is where MaxDividends shows its value.

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