The performance of the U.S. stock market was relatively weak recently, as of last Friday’s market close, the Dow Jones Industrial Average and the S&P 500 index reversed their decline, but the rally was tiny. This also implys that investors don’t have enough confidence in the following market trends. Rather than chasing the uncertain possibility of market gain, it would be better for investors to sit leisurely and enjoy the fruits of robust dividend stocks. Today, we picked five dividend stocks which are steadily increasing their distributions and outperforming the market.
Procter & Gamble (PG) currently yields at 3.30% and pays out 66.00% of its earnings. The company has been paying out since 1891 and has been increasing dividends for 58 consecutive years. Average dividend growth rate over the past 5 years was 7.40%. Over the past 52 week, PG stock was traded between $57.56 and $67.95 and the latest closing price of $64.81 on July 17, 2012 is 4.62% off the top. Average daily volume is 15.25 million shares. According to the data provided by FactSet Research, average analyst recommendation on the stock is “Overweight.”
Bemis (BMS) currently yields at 3.20% and pays out 58.00% of its earnings. The company has been paying out since 1922 and has been increasing dividends for 19 consecutive years. Average dividend growth rate over the past 5 years was 4.16%. Over the past 52 week, BMS stock was traded between $27.21 and $34.40 and the latest closing price of $30.29 on July 16, 2012 is 11.95% off the top. Average daily volume is 781,458 shares. According to the data provided by FactSet Research, average analyst recommendation on the stock is “Hold.”
Johnson & Johnson (JNJ) currently yields at 3.40% and pays out 64.00% of its earnings. The company has been paying out since 1944 and has been increasing dividends for 49 consecutive years. Average dividend growth rate over the past 5 years was 8.55%. Over the past 52 week, JNJ stock was traded between $59.08 and $68.74 and the latest closing price of $68.45 on July 16, 2012 is 0.42% off the top. Average daily volume is 18.71 million shares. According to the data provided by FactSet Research, average analyst recommendation on the stock is “Overweight.”
PepsiCo (PEP) currently yields at 3.00% and pays out 52.00% of its earnings. The company has been paying out since 1952 and has been increasing dividends for 40 consecutive years. Average dividend growth rate over the past 5 years was 10.46%. Over the past 52 week, PEP stock was traded between $58.50 and $70.89 and the latest closing price of $70.35 on July 16, 2012 is very close to the top. Average daily volume is 5.87 million shares. According to the data provided by FactSet Research, average analyst recommendation on the stock is “Overweight.”
3M (MMM) currently yields at 2.60% and pays out 38.00% of its earnings. The company has been paying out since 1916 and has been increasing dividends for 53 consecutive years. Average dividend growth rate over the past 5 years was 3.94%. Over the past 52 week, MMM stock was traded between $68.63 and $96.38 and the latest closing price of $88.10 on July 16, 2012 is 8.59% off the top. Average daily volume is 3.03 million shares. According to the data provided by FactSet Research, average analyst recommendation on the stock is “Overweight.”