Future Dividend Aristocrats for 2024 with 24 years of growth in 2023
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| Fastenal is almost a dividend aristocrat with 24 hike years in 2023 |
In the world of investment, consistency and reliability are highly prized attributes, and for investors seeking stable dividend income, the journey to becoming a "Dividend Aristocrat" is a coveted milestone. These prestigious titles are awarded to companies listed on the US stock market that have consistently increased their dividend payouts for a minimum of 25 consecutive years. As we approach 2024, several companies are poised to enter this exclusive club, with 24 consecutive years of increased dividends under their belt.
Here's a closer look at five US-listed stocks that have demonstrated their commitment to rewarding shareholders through consistent dividend hikes. The data displayed is based on stock prices and dividend information as of September 15, 2023.
- Caseys General Stores Inc ($CASY) 🏭
Consecutive Dividend Increases: 24 Years
2023 Dividend Increase: 13.2%
Current Dividend Yield: 0.6%
Caseys General Stores operates convenience stores across the United States, offering a wide range of food, beverages, and everyday essentials.
- Fastenal Co ($FAST) 🏦
Consecutive Dividend Increases: 24 Years
2023 Dividend Increase: 12.9%
Current Dividend Yield: 2.6%
Fastenal is a leading distributor of industrial and construction supplies, providing a broad range of products to customers in various industries.
- FactSet Research Systems Inc ($FDS) 📡
Consecutive Dividend Increases: 24 Years
2023 Dividend Increase: 10.1%
Current Dividend Yield: 0.9%
FactSet Research Systems offers financial and economic data and analytical tools to financial professionals, helping them make informed investment decisions.
- Republic Bancorp Inc ($RBCAA) 🏦
Consecutive Dividend Increases: 24 Years
2023 Dividend Increase: 9.7%
Current Dividend Yield: 3.4%
Republic Bancorp is a financial institution that provides banking and related services to individuals and businesses.
- Eagle Bancorp Montana Inc ($EBMT) 🏦
Consecutive Dividend Increases: 24 Years
2023 Dividend Increase: 1.8%
Current Dividend Yield: 4.6%
Business Description: Eagle Bancorp Montana operates as the holding company for Opportunity Bank of Montana, offering a range of financial services to its customers.
These companies' consistent commitment to increasing dividends demonstrates their dedication to rewarding shareholders and maintaining financial stability. As they approach their 25th consecutive year of dividend increases, they are well on their way to earning the prestigious title of "Dividend Aristocrats" in 2024, showcasing their resilience and long-term success in the dynamic world of investment.
