Everybody loves dividends, as they provide a passive income stream, limit drawdowns in other positions, and provide more than one way to profit from an investment.
And when considering dividend-paying stocks, those with a history of boosting their payout are prime considerations, reflecting their commitment to increasingly rewarding shareholders.
In addition, consistent dividend hikes reflect the company’s successful nature, opting to share profits with shareholders.
For those seeking companies that have recently boosted payouts, Colgate-Palmolive (CL - Free Report) , JPMorgan (JPM - Free Report) , and Globe Life (GL - Free Report) fit the criteria. Let’s take a closer look at each.
Colgate-Palmolive
Colgate-Palmolive is a global leader in the oral care hygiene market, providing household, healthcare, and personal care products. Analysts have taken their earnings expectations modestly higher across several timeframes, landing the stock into a Zacks Rank #2 (Buy).
The company recently announced a 4% boost to its dividend, bringing the quarterly payout to $0.50 per share and continuing its historically shareholder-friendly nature. As shown below, CL’s payout has grown nicely over the years.
JPMorgan
JPMorgan is one of the largest financial service firms in the world. The earnings estimate revisions trend has been particularly bullish for its current fiscal year, with the $15.75 Zacks Consensus EPS estimate up nearly 15% over the last year.
The financial titan recently announced a sizable 9.5% boost to its quarterly payout, bringing the quarterly total to $1.15 per share. No different than CL, JPMorgan has consistently increasingly rewarded its shareholders throughout the years.
It’s worth mentioning the strength of JPM shares over the last year, gaining a remarkable 56% and widely outperforming relative to the S&P 500. Shares have enjoyed strength thanks to the company’s fully established standing, whereas regional banks haven’t enjoyed the same due to stability concerns.
Globe Life
Globe Life is a financial services holding company that operates through wholly owned subsidiaries that provide life insurance, annuities, and supplemental health insurance products. The stock sports a Zacks Rank #2 (Buy), with earnings estimates moving higher across the board.
The company announced a 7% boost to its dividend payout near the end of March, with the quarterly payout now totaling $0.24 per share. Dividend growth has overall been solid, with Globe Life sporting a shareholder-friendly 6.5% five-year annualized dividend growth rate.
Growth is expected to remain steady, with consensus expectations for its current fiscal year (FY24) suggesting 8.6% earnings growth on 5.5% higher sales. Peeking ahead to FY25, expectations allude to an additional 8% boost in earnings on 5% higher sales.
Bottom Line
Companies that consistently boost their dividend payouts reflect a successful and shareholder-friendly nature, opting to share a portion of profits with investors.
And for those seeking dividend growers, all three companies above – Colgate-Palmolive (CL - Free Report) , JPMorgan (JPM - Free Report) , and Globe Life (GL - Free Report) – have recently boosted their payouts.
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Everybody loves dividends, as they provide a passive income stream, limit drawdowns in other positions, and provide more than one way to profit from an investment.
And when considering dividend-paying stocks, those with a history of boosting their payout are prime considerations, reflecting their commitment to increasingly rewarding shareholders.
In addition, consistent dividend hikes reflect the company’s successful nature, opting to share profits with shareholders.
For those seeking companies that have recently boosted payouts, Colgate-Palmolive (CL - Free Report) , JPMorgan (JPM - Free Report) , and Globe Life (GL - Free Report) fit the criteria. Let’s take a closer look at each.
Colgate-Palmolive
Colgate-Palmolive is a global leader in the oral care hygiene market, providing household, healthcare, and personal care products. Analysts have taken their earnings expectations modestly higher across several timeframes, landing the stock into a Zacks Rank #2 (Buy).
The company recently announced a 4% boost to its dividend, bringing the quarterly payout to $0.50 per share and continuing its historically shareholder-friendly nature. As shown below, CL’s payout has grown nicely over the years.
JPMorgan
JPMorgan is one of the largest financial service firms in the world. The earnings estimate revisions trend has been particularly bullish for its current fiscal year, with the $15.75 Zacks Consensus EPS estimate up nearly 15% over the last year.
The financial titan recently announced a sizable 9.5% boost to its quarterly payout, bringing the quarterly total to $1.15 per share. No different than CL, JPMorgan has consistently increasingly rewarded its shareholders throughout the years.
It’s worth mentioning the strength of JPM shares over the last year, gaining a remarkable 56% and widely outperforming relative to the S&P 500. Shares have enjoyed strength thanks to the company’s fully established standing, whereas regional banks haven’t enjoyed the same due to stability concerns.
Globe Life
Globe Life is a financial services holding company that operates through wholly owned subsidiaries that provide life insurance, annuities, and supplemental health insurance products. The stock sports a Zacks Rank #2 (Buy), with earnings estimates moving higher across the board.
The company announced a 7% boost to its dividend payout near the end of March, with the quarterly payout now totaling $0.24 per share. Dividend growth has overall been solid, with Globe Life sporting a shareholder-friendly 6.5% five-year annualized dividend growth rate.
Growth is expected to remain steady, with consensus expectations for its current fiscal year (FY24) suggesting 8.6% earnings growth on 5.5% higher sales. Peeking ahead to FY25, expectations allude to an additional 8% boost in earnings on 5% higher sales.
Bottom Line
Companies that consistently boost their dividend payouts reflect a successful and shareholder-friendly nature, opting to share a portion of profits with investors.
And for those seeking dividend growers, all three companies above – Colgate-Palmolive (CL - Free Report) , JPMorgan (JPM - Free Report) , and Globe Life (GL - Free Report) – have recently boosted their payouts.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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