Broadcom (AVGO), Caterpillar (CAT) and Eli Lilly (LLY) are among the 15 Club stocks with a streak of annual dividend growth that Wall Street expects to continue in their current fiscal years.
Long-term investors should look to own companies with a history of dividend growth instead of chasing stocks with high yields, Morgan Stanley strategists said in a note to clients this week.
However, Morgan Stanley's note made us curious to screen our portfolio for stocks with strong dividend growth track records that are expected to persist.
To help us project which stocks will keep their dividend growth streaks alive, we also examined analyst estimates for total per-share payouts in their current fiscal year.
Bottom line In any case, dividend growth over time is certainly welcome and can help increase total investment return, assuming the distributions are reinvested instead of taking cash.
Persons:
Eli Lilly, Morgan Stanley, Jim Cramer, —, Jim, Morgan Stanley's, Stanley Black, Decker, Eli Lilly Honeywell, we're, Gamble, Jim Cramer's, Spencer Platt
Organizations:
Broadcom, Caterpillar, Trust, Club, Companies, Natural Resources, Procter, Gamble, Emerson Electric, Apple, Broadcom Costco Wholesale, LIN, Microsoft, Oracle, CNBC, New York Stock Exchange, Getty