Looking for dividend-paying blue chip stocks? Chuck Carlson is a leading expert on dividend reinvestment plans.
In The DRIP Investor, he looks at the 10/10 Club -- stocks that have boosted their payouts by 10% a year for at least 10 years. He explains,"The table below features seven stocks that belong to the exclusive '10/10' club:
- Each of the companies has posted higher dividends every year for at least 10 years
- Each of the companies has posted annual dividend growth averaging at least 10% over the last 10 years.
"In payback terms, if each of these companies continues the trend of at least 10% dividend growth on an annual basis, their dividend 'payback' times -- in other words, the time it takes for cumulative dividends to equal their investment -- will be well under 20 years.
"Please note that all of these companies offer direct-purchase plans whereby any investor may buy the first share and every share directly from the company.
Aflac (AFL) -- yield: 2.4%
Colgate-Palmolive (CL) -- yield: 2.1%
Johnson & Johnson (JNJ) -- yield: 3%
Medtronic (MDT) -- yield: 1.9%
PepsiCo (PEP) -- yield: 3%
United Technologies (UTX) -- yield: 2.2%
Wal-Mart Stores (WMT) -- yield: 2.1%
Steven Halpern's TheStockAdvisors.com offers a free daily overview of the favorite stocks of the nation's leading financial newsletter advisors.
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Reader Comments (Page 1 of 1)
1-22-2010 @ 12:32PM
BHarrison said...
The returns on these stocks are above the 0.8% to 1.8% returns on CDs. By contrast the credit card interest rates of 25% to 35% are totally out of alignment with the RoI available to the small investors; and the market insiders certainly are earning substantially more than the average RoI to most investors, right?
The financial institutions and market insiders are making enormous profits by manipulating the market without providing a commensurate value to anyone but themselves. Our capitalistic economic system has become a shell game of sorts for defrauding the americna people. The accumulation of wealth by this 1% of our population is detrimental to our economy. Our economic wealth is based upon having a healthy middle class whose expenditures generate postive economic activity which expands employment and the sales of goods and services.
The elitist special interests groups have irretrivably broken our economic system. The ownership of 90% of our national wealth by 1% to 3% of our population is dooming our society to spiraling towards being a third world type nation . . . the minority HAVES versus the majority of HAVE-NOTS. The only remedy is for Congress to provide effective and prudent regualtions, oversight, and enforcement to prevent these economic frauds aand to ALSO take actions against those who orchestrated, implemented and perpetuated these frauds . . . that is the only way to recover some of these ill gotten monies by the white collar criminals. It has truly become a matter of US against THEM. it is pat time for the American people to protect the best interests of our nation.
2-09-2010 @ 10:09PM
moonwell23 said...
I expected Colgate to ONLY raise 9.9% to .48 quarterly. The .53 declaration is a positive surprise that may not have factored the dollar's latest run into their 2010 outlook.