The dividend growth stocks we’ve snipped have increased payouts by at least 10% per year over the past five years
SmallCapPower | July 19, 2022: Dividend-paying stocks can generate income for investors without having to sell shares. Additionally, dividend increases are generally a good indicator that companies are growing their free cash flow (FCF) and are more likely to have better returns than their peers with stagnant dividend payouts. Dividend increases are typically a positive sign because it implies that a company’s profits have increased, thus more funds can be allocated to dividend payouts. Today we have discovered three dividend growth stocks that have had at least 10% growth in their investor payouts per year over the past five years.
*Share prices and other metrics as at market close on July 15, 2022
Reliance Steel & Aluminum Co (NYSE:RS) – $174.69
Base Metals
Reliance Steel & Aluminum is a leading metals service center company engaged in value-added materials management and metals processing services. It also distributes metal products to customers across a vast spectrum of industries. Reliance Steel is the biggest North American metals service center company. Its major products are carbon steel, aluminum, stainless steel and alloy. Reliance Steel provides metals processing services such as cutting-to-length, blanking, slitting, burning, plasma burning, and precision plate sawing, sawing, and shearing, among others, all to customer specifications.
- Market Cap: $10.9B
- 7-Day Return: +2.3%
- 30-Day Return: +3.5%
- 30-Day Average Trading Volume: 427,477
- Dividend Yield: 2.1%
- 5-Year Dividend Growth Rate: 10.5%
Regions Financial Corp (NYSE:RF) – $18.24
Financial Services
Regions Financial, a financial holding company, provides retail and commercial and mortgage banking, as well as other financial services in the asset management, wealth management, securities brokerage, trust services, mergers and acquisitions advisory services and other specialty financing across the South, Midwest and Texas. The company has 4 business segments. The Corporate Bank segment includes the company’s commercial banking functions including commercial and industrial, commercial real estate, investor real estate lending, equipment lease financing and capital market activities. The Consumer Bank segment comprises the company’s branch network, including consumer banking products and services. The Wealth Management segment provides investment advice, assistance in managing assets and estate planning. Other includes the company’s treasury function, the securities portfolio, wholesale funding activities, etc.
- Market Cap: $17.9B
- 7-Day Return: +0.9%
- 30-Day Return: +0.5%
- 30-Day Average Trading Volume: 7,372,552
- Dividend Yield: +3.5%
- 5-Year Dividend Growth Rate: +19.7%
Hartford Financial Services Group Inc (NYSE:HIG) – $61.64
Financial Services
The Hartford Financial Services Group is one of the major multi-line insurance and investment companies in the country, providing investment products, group life and group disability insurance, property and casualty (P&C) insurance and mutual funds in the U.S. Hartford Financial strives to improve its position as a market leader within the financial services industry in the United States, United Kingdom, continental Europe and other regions. It sells various innovative products through multiple distribution channels to individuals and businesses and is considered a leading property and casualty and employee group benefits insurer. Also, the company’s commitment to boost investment in the energy transition will likely bring more environment-friendly energy investors onboard.
- Market Cap: $20.7B
- 7-Day Return: -4.1%
- 30-Day Return: -3.2%
- 30-Day Average Trading Volume: 1,732,885
- Dividend Yield: 2.4%
- 5-Year Dividend Growth Rate: 10.1%
To read our full disclosure, please click on the button below:
