MDLZ Dividend Increase

Mondelez ($MDLZ) announced its next dividend of $0.425 per share, a 10% increase over the company's previous payout of $0.385.

DivGro's annual dividend income will increase by $32.00 as a result.

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CTAS Dividend Increase

Cintas ($CTAS) announced its next dividend of $1.35 per share, a 17.39% increase over the company's previous payout of $1.15.

DivGro's annual dividend income will increase by $20.00 as a result.

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My Highest Quality Dividend Contenders

This article presents the highest-quality Dividend Contenders, which are companies listed on U.S. exchanges that have consistently higher annual dividend payouts for at least 10-24 years. 

A companion article presented the highest-quality Dividend Champions (25+ years), and a subsequent article will present the highest-quality Dividend Challengers (5-9 years).

I use a quality scoring system to assess the quality of dividend growth [DG] stocks and focus my research efforts on the highest-quality DG stocks. The system employs six quality indicators from independent sources and assigns 0-5 points to each quality indicator for a maximum of 30 points.

To screen for the highest quality Dividend Contenders, I screened for stocks that appear in the top two scoring categories of the quality indicators, namely those scoring 4 or 5 points for each quality indicator. 

10 Dividend Growth Stocks For July 2023

Welcome to another edition of my monthly series of 10 Dividend Growth Stocks. In this series, I rank a selection of dividend growth stocks in Dividend Radar and present the ten top-ranked stocks for further research and possible investment. 

To rank stocks, I determine quality scores and sort them in descending order, breaking ties with additional metrics.

This month, I'm presenting high-quality, discounted stocks with high growth rates and high trailing total returns [TTRs]. Every stock trades at least 10% below my risk-adjusted Buy Below prices. 

NNN Dividend Increase

NNN ($NNN) announced its next dividend of $0.565 per share, a 2.7% increase over the company's previous payout of $0.55.

DivGro's annual dividend income will increase by $24.00 as a result.

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Home Run Number 47

I'm celebrating DivGro's 47^th Home Run today!

When a stock in my portfolio doubles my original investment in total returns, I label it a Home Run stock! 

I announced my 46^th Home Run stock, TJX (TJX), on 30 June 2023. In that article, I shared that Snap-On (SNA) was the only home run contender with total returns of at least 80%. 

CMI Dividend Increase

Cummins ($CMI) announced its next dividend of $1.68 per share, a 7.0% increase over the company's previous payout of $1.57.

DivGro's annual dividend income will increase by $44.00 as a result.

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PCAR Dividend Increase

Paccar (PCAR) announced its next dividend of $0.27 per share, an 8.0% increase over the company's previous payout of $0.25.

DivGro's annual dividend income will increase by $12.00 as a result. 

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July 2023 Newsletter

I just published the July edition of my DivGro 2.0 newsletter.

The July edition presents a quick market recap and a review of my DivGro portfolio (as of 30 June 2023) and concludes with several top-10 lists.

In June, I executed no buy or sell transactions, choosing instead to build my cash reserves. Four DivGro stocks announced dividend increases in June, while one paid a larger dividend due to exchange rate fluctuations.

The net result of these changes is that DivGro's projected annual dividend income [PADI] increased by about 0.2% in June to $46,859. Year over year, PADI increased by 6.8%.

JPM Dividend Increase

 JPMorgan ($JPM) announced its next dividend of $1.05 per share, a 5.0% increase over the company's previous payout of $1.00.

DivGro's annual dividend income will increase by $20.00 as a result.

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