Dividend Growth Stocks With 50+ Years of Increases

Dividend stocks shine with over 50 years of growth. Target, Hormel Foods, and Abbott Laboratories lead the way, showcasing their commitment to rewarding shareholders. Investing at this time could provide a profitable long-term opportunity.

Date: 02-01-2025

AI Rating: 7

Target Performance: Target has announced a 1.8% increase in its dividend, marking the 53rd consecutive year of increases. Although the current dividend yield is 2.9% and the payout ratio stands at 45%, the company has raised its dividend by 70% over the last five years. However, since the company's performance has been subdued due to inflation affecting discretionary spending, its future growth may seem uncertain for the moment.

Hormel Foods Stability: Hormel Foods has impressively raised its dividend for 59 consecutive years, with a recent 3% increase. With a current yield of 3.7%, it provides stability amid market fluctuations. Over five years, its dividend has grown by 25%, indicating consistent and reliable profit distribution. The net profit margin of Hormel is reported to be just under 7% on revenues of $11.9 billion, combining healthy profitability with strong shareholder returns.

Abbott Laboratories Growth: Abbott Laboratories also presents a commendable track record with 53 years of raising dividends. Recently increasing its dividend by more than 7%, it shows strength in maintaining shareholder value. Abbott achieved over 13% growth in its medical devices unit, contributing positively to its portfolio and future prospects. The stock maintains a payout ratio of 66%, allowing room for continued dividend growth. Overall, Abbott also showcases its strength amid market volatility due to its diversified operations.

Stocks: TGT HRL ABT