Up to date on July fifteenth, 2022 by Bob Ciura
DRIP stands for Dividend Reinvestment Plan. When an investor is enrolled in DRIP shares, it implies that incoming dividend funds are used to buy extra shares of the issuing firm – mechanically.
Many companies supply DRIPs that require the buyers to pay charges. Clearly, paying charges is a destructive for buyers. As a basic rule, buyers are higher off avoiding DRIP shares that cost charges.
Thankfully, many corporations supply no-fee DRIP shares. These enable buyers to make use of their hard-earned dividends to construct even bigger positions of their favourite high-quality, dividend-paying corporations – totally free.
Dividend Aristocrats are the proper type of DRIP shares. Dividend Aristocrats are elite corporations that fulfill the next:
Are within the S&P 500 Index
Have 25+ consecutive years of dividend will increase
Meet sure minimal measurement & liquidity necessities
You’ll be able to obtain an Excel spreadsheet with the complete checklist of all 66 Dividend Aristocrats (with further monetary metrics corresponding to price-to-earnings ratios and dividend yields) by clicking the hyperlink beneath:
Take into consideration the highly effective mixture of DRIPs and Dividend Aristocrats…
You might be reinvesting dividends into an organization that pays greater dividends yearly. Because of this yearly you get extra shares – and every share is paying you extra dividend earnings than the earlier yr.
This makes a strong (and cost-effective) compounding machine.
This text takes a take a look at the highest 15 Dividend Aristocrats which can be no-fee DRIP shares, ranked so as of anticipated whole returns from lowest to highest.
The up to date checklist for 2022 consists of our high 15 Dividend Aristocrats, ranked by anticipated returns in accordance with the Positive Evaluation Analysis Database, that supply no-fee DRIPs to shareholders.
You’ll be able to skip to evaluation of any particular person Dividend Aristocrat beneath:
Moreover, please see the video beneath for extra protection.
No-Price DRIP Dividend Aristocrat #15: Chubb Restricted (CB)
5-year anticipated annual returns: 4.3%
Chubb Ltd is a world supplier of insurance coverage and reinsurance providers headquartered in Zurich, Switzerland. The corporate offers insurance coverage providers together with property & casualty insurance coverage, accident & medical health insurance, life insurance coverage, and reinsurance.
The present model of Chubb was created in 2016, when Ace Restricted acquired the ‘previous’ Chubb and adopted its title. Chubb has a big and diversified product portfolio.
Supply: Investor Presentation
Chubb reported its first quarter earnings outcomes on April 26. The corporate reported that its revenues totaled $8.8 billion through the quarter, which was 6% greater than the revenues that Chubb generated through the earlier yr’s quarter.
Web written premiums have been up 8% year-over-year in Chubb’s P&C phase at fixed foreign money charges, which was barely weaker than the expansion recorded within the earlier quarter. Chubb was capable of generate internet funding earnings of $900million through the quarter, which was flat on a sequential foundation.
Chubb generated earnings-per-share of $3.82 through the first quarter, which was simply forward of what the analyst group had forecasted. Chubb’s stable profitability through the quarter may be defined by a really wholesome mixed ratio, regardless of some pure disasters that impacted Chubb’s disaster losses.
Due to written premium progress and tailwinds from share repurchases, Chubb’s earnings might be robust within the coming quarters as properly, except the corporate feels an impression from above-average disaster losses, which usually aren’t predicable. Chubb’s ebook worth was down through the interval, primarily resulting from mark-to-market losses, ending the quarter at $133.80.
Click on right here to obtain our most up-to-date Positive Evaluation report on Chubb (preview of web page 1 of three proven beneath):
No-Price DRIP Dividend Aristocrat #14: Abbott Laboratories (ABT)
5-year anticipated annual returns: 4.5%
Abbott Laboratories is likely one of the largest medical home equipment & gear producers on this planet, comprised of 4 segments: Diet, Diagnostics, Established Prescription drugs and Medical Gadgets.
Abbott has elevated its dividend for 50 years. Abbott has a big and diversified product portfolio, with management throughout a number of classes.
On April Twentieth, 2022, Abbott Laboratories reported first quarter outcomes for the interval ending March thirty first, 2022. For the quarter the corporate generated $11.9 billion in gross sales (58% exterior of the U.S.) representing a 13.3% enhance in comparison with the primary quarter of 2021. Adjusted earnings-per-share of $1.73 in contrast very favorably to $1.32 within the prior yr.
Firm-wide natural gross sales progress was 17.5%. Outcomes have been up virtually throughout the board with Diagnostics, Established Prescription drugs, and Medical Gadgets natural gross sales growing 35.1%%, 13.4%, and 11.5% respectively. Diet declined 4.4% resulting from a voluntary recall of sure powder formulation within the U.S.
Abbott Laboratories reaffirmed 2022 steerage, anticipating at the very least $4.70 in adjusted earnings-per-share for the yr.
With a P/E close to 25, Abbott seems overvalued. Our honest worth estimate is a P/E of 20. Overvaluation may considerably weigh on shareholder returns going ahead.
Anticipated EPS progress of 5% per yr plus the 1.6% dividend yield will offset the impression of a declining P/E a number of, however whole returns are anticipated at simply 2.1% per yr over the following 5 years.
Click on right here to obtain our most up-to-date Positive Evaluation report on Abbott Laboratories (preview of web page 1 of three proven beneath):
No-Price DRIP Dividend Aristocrat #13: Hormel Meals (HRL)
5-year anticipated annual returns: 4.8%
Hormel Meals was based again in 1891 in Minnesota. Since that point, the corporate has grown right into a juggernaut within the meals merchandise business with practically $10 billion in annual income.
Hormel has stored with its core competency as a processor of meat merchandise for properly over 100 years, however has additionally grown into different enterprise traces by means of acquisitions.
Hormel has a big portfolio of category-leading manufacturers. Only a few of its high manufacturers embody embody Skippy, SPAM, Applegate, Justin’s, and greater than 30 others.
Hormel reported second quarter earnings on June 2nd, 2022, and outcomes have been higher than anticipated on each the highest and backside traces. Earnings-per-share got here to 48 cents, which was a penny forward of estimates. Income was up 19% from final yr’s Q2, hitting $3.1 billion, and $30 million higher than estimates.
Supply: Investor Presentation
Quantity was 1.2 billion kilos, down 2% on a headline foundation. Natural quantity was down 8%, which excludes acquisitions and divestitures. Nevertheless, robust pricing helped natural gross sales rise 10% regardless of the decline in volumes, and Q2 income was a report for Hormel.
Refrigerated meals noticed quantity decline 13%, as natural quantity fell 14%. Web gross sales have been up 13%, led by natural gross sales of +11% on robust pricing. Phase revenue was up simply 3% as rising income was largely offset by greater prices. Grocery merchandise noticed quantity rise 19% as natural quantity was up 2%. Web gross sales rose 39% as natural gross sales have been up 7%. The distinction was the Planters acquisition. Phase revenue declined 9%.
Click on right here to obtain our most up-to-date Positive Evaluation report on Hormel (preview of web page 1 of three proven beneath):
No-Price DRIP Dividend Aristocrat #12: AbbVie Inc. (ABBV)
5-year anticipated annual returns: 4.9%
AbbVie Inc. is a pharmaceutical firm spun off by Abbott Laboratories (ABT) in 2013. Its most vital product is Humira, which is now going through biosimilar competitors in Europe, which has had a noticeable impression on the corporate. Humira will lose patent safety within the U.S. in 2023.
Even so, AbbVie stays a large within the healthcare sector, with a big and diversified product portfolio.
AbbVie reported its first quarter earnings outcomes on April 29. The corporate was capable of generate revenues of $13.5 billion through the quarter, which was 4% greater than AbbVie’s revenues through the earlier yr’s quarter. Revenues have been positively impacted by wholesome progress from a few of its medication, together with Skyrizi and Rinvoq.
AbbVie earned $3.16 per share through the first quarter, which was 9% greater than the corporate’s earnings-per-share through the earlier yr’s quarter. AbbVie’s earnings-per-share beat the consensus analyst estimate by $0.02. AbbVie’s steerage for 2022’s adjusted earnings-per-share was lowered barely through the earnings name, the corporate now expects to earn $13.92 – $14.12 on a per-share foundation this yr.
Click on right here to obtain our most up-to-date Positive Evaluation report on AbbVie (preview of web page 1 of three proven beneath):
</a
No-Price DRIP Dividend Aristocrat #11: Sherwin-Williams (SHW)
5-year anticipated annual returns: 5.6%
Sherwin-Williams, based in 1866 and headquartered in Cleveland, OH, is North America’s largest producer of paints and coatings.
The corporate distributes its merchandise by means of wholesalers in addition to retail shops (together with a series of greater than 4,900 company-operated shops and amenities) to 120 international locations underneath the Sherwin-Williams title.
The corporate additionally manufactures Dutch Boy, Pratt & Lambert, Minwax, Thompson’s Waterseal, Krylon, Valspar (acquired in 2017), and different manufacturers.
Supply: Investor Presentation
On April twenty sixth, 2022, Sherwin-Williams launched Q1 2022 outcomes for the interval ending March thirty first, 2022. For the quarter Sherwin-Williams generated income of $4.999 billion, a 7.4% enhance in comparison with Q1 2021. A 5.6% enhance within the Americas Group and a 20.4% enhance within the Efficiency Coatings Group have been partially offset by a ten.1% decline within the Client Manufacturers Group. Adjusted earnings-per-share equaled $1.61 versus $2.06 in Q1 2021.
Sherwin-Williams additionally reiterated its 2022 steerage, anticipating high-single digit to low-double digit gross sales progress and $9.25 to $9.65 in adjusted earnings-per-share.
The inventory trades for greater than 25 instances earnings. We consider shares are considerably overvalued immediately. The mix of valuation adjustments, 7% annual EPS progress, and the 0.9% dividend yield end in anticipated annual returns of 4.4% per yr.
Click on right here to obtain our most up-to-date Positive Evaluation report on Sherwin-Williams (preview of web page 1 of three proven beneath):
No-Price DRIP Dividend Aristocrat #10: Aflac Inc. (AFL)
5-year anticipated annual returns: 6.2%
Aflac was shaped in 1955, when three brothers — John, Paul, and Invoice Amos — got here up with the thought to promote insurance coverage merchandise that paid money if a policyholder obtained sick or injured. Within the mid-Twentieth century, office accidents have been widespread, with no insurance coverage product on the time to cowl this threat.
Associated: Detailed evaluation on the perfect insurance coverage shares.
Immediately, Aflac has a variety of product choices, a few of which embody accident, short-term incapacity, crucial sickness, hospital indemnity, dental, imaginative and prescient, and life insurance coverage.
The corporate makes a speciality of supplemental insurance coverage, which pays out to coverage holders if they’re sick or injured, and can’t work. Aflac operates within the U.S. and Japan, with Japan accounting for roughly 70% of the corporate’s income. Due to this, buyers are uncovered to foreign money threat.
Basically phrases, Aflac has two sources of earnings: earnings from premiums and earnings from investments. Taking the gadgets collectively, along with an lively share repurchase program, affordable expectations can be for 4% annual earnings-per-share progress over the following 5 years.
Shares seem barely over-valued proper now. The present dividend yield of two.7%, plus 4% anticipated EPS progress, results in whole anticipated returns of 6.2% per yr.
Click on right here to obtain our most up-to-date Positive Evaluation report on Aflac (preview of web page 1 of three proven beneath):
No-Price DRIP Dividend Aristocrat #9: Federal Realty Funding Belief (FRT)
5-year anticipated annual returns: 7.6%
Federal Realty was based in 1962. As a Actual Property Funding Belief, Federal Realty’s enterprise mannequin is to personal and hire out actual property properties. It makes use of a good portion of its rental earnings, in addition to exterior financing, to accumulate new properties. This helps create a “snow-ball” impact of rising earnings over time.
Federal Realty primarily owns procuring facilities. Nevertheless, it additionally operates in redevelopment of multi-purpose properties together with retail, flats, and condominiums. The portfolio is very diversified by way of tenant base.
Supply: Investor Presentation
Federal Realty reported Q1 earnings on 05/05/22. FFO per share got here in at $1.50, up from $1.17 within the year-ago quarter. Whole income elevated 17.7% to $256.77M year-over-year. Web earnings out there for widespread shareholders stood at $0.63, up from $0.60 within the year-ago interval. Throughout the quarter, Federal Realty continued report ranges of leasing with 119 signed leases for 444,398 sq. toes of comparable area.
The belief’s portfolio, through the quarter, was 91.2% occupied and 93.7% leased, up by 170 foundation factors and 190 foundation factors, respectively, year-over-year. That mentioned, the belief maintained a 250 foundation factors unfold between occupied and leased. Furthermore, small store leased charge was 88.7%, up by 130 foundation factors quarter-over-quarter. Federal Realty additionally reported Q1 comparable property working earnings progress of 14.5%.
In the meantime, the corporate raised its 2022 earnings per share steerage to $2.36-$2.56 from $2.30-$2.50 and FFO per diluted share steerage to $5.85-$6.05 from $5.75-$5.95.
Click on right here to obtain our most up-to-date Positive Evaluation report on Federal Realty (preview of web page 1 of three proven beneath):
No-Price DRIP Dividend Aristocrat #8: Johnson & Johnson (JNJ)
5-year anticipated annual returns: 8.1%
Johnson & Johnson is a diversified well being care firm and a pacesetter within the space of prescription drugs (~49% of gross sales), medical gadgets (~34% of gross sales) and client merchandise (~17% of gross sales). The corporate has annual gross sales in extra of $93 billion.
Supply: Investor Presentation
On April nineteenth, 2022, Johnson & Johnson launched first quarter earnings outcomes for the interval ending March thirty first, 2022. Income elevated 5% to $23.4 billion, however missed estimates by $210 million. Adjusted earnings-per-share of $2.67 in comparison with $2.59 within the prior yr and was $0.10 higher than anticipated.
Pharmaceutical revenues have been up 6.3%, with Oncology main the best way with one other quarter of 10%+ progress. Client income fell 1.5% as energy in Over-the-Counter and Ladies’s Well being was greater than offset by weaker ends in the remaining companies. MedTech once more confirmed that the restoration from the Covid-19 pandemic continues as gross sales have been greater by 5.9%, a sequential acceleration.
Johnson & Johnson supplied revised steerage for the yr. The corporate now expects adjusted earnings-per-share of $10.15 to $10.30 for 2022, down from $10.40 to $10.60 beforehand, and income of $97.3 billion to $98.3 billion, down from $98.9 billion and $100.4 billion.
Click on right here to obtain our most up-to-date Positive Evaluation report on J&J (preview of web page 1 of three proven beneath):
No-Price DRIP Dividend Aristocrat #7: Realty Revenue (O)
5-year anticipated annual returns: 8.5%
Realty Revenue is a retail-focused REIT that owns greater than 6,500 properties. It owns retail properties that aren’t a part of a wider retail improvement (corresponding to a mall), however as a substitute are standalone properties.
Because of this the properties are viable for a lot of completely different tenants, together with authorities providers, healthcare providers, and leisure.
Supply: Investor Presentation
The corporate’s lengthy historical past of dividend funds and will increase is because of its high-quality enterprise mannequin and diversified property portfolio.
Realty Revenue introduced its first quarter earnings outcomes on Might 4. The belief reported that it generated revenues of $810 million through the quarter, which was 82% greater than the revenues that Realty Revenue generated through the earlier yr’s quarter. Realty investments into new properties and its acquisition of VEREIT that closed in late 2021 impacted the year-over-year comparability to a big diploma.
Realty Revenue’s funds-from-operations rose considerably versus the prior yr’s quarter, though AFFO-per-share progress was decrease, resulting from share issuance. Realty Revenue nonetheless managed to generate funds-from-operations-per share of $0.98 through the quarter. Realty Revenue expects that its outcomes throughout 2022 will characterize a brand new report, as funds from operations are forecasted to come back in at ~$3.97 on a per-share foundation throughout fiscal 2022.
Realty Revenue’s acquisition of VEREIT, which closed final November, is accountable for almost all of the forecasted progress on this yr’s outcomes, regardless of the dilution that was brought on by the shares that have been issued for the takeover.
Click on right here to obtain our most up-to-date Positive Evaluation report on Realty Revenue (preview of web page 1 of three proven beneath):
No-Price DRIP Dividend Aristocrat #6: S&P International Inc. (SPGI)
5-year anticipated annual returns: 9.2%
S&P International is a worldwide supplier of economic providers and enterprise info. The corporate has generated robust progress over the previous a number of years.
S&P reported first quarter earnings on Might third, 2022, and outcomes have been weaker than anticipated on each the highest and backside traces. The corporate posted $2.89 in earnings-per-share, which missed estimates by eight cents.
As well as, whereas income was up 18% year-over-year to $2.39 billion, it missed estimates by $650 million. Income progress was pushed by enhancements in 5 of the corporate’s six divisions, which was partially offset by a pointy decline in income associated to debt issuances. As prevailing rates of interest rise, that is more likely to proceed to be a headwind for S&P.
Following the consummation of the IHS Markit acquisition, administration now expects income to rise at the very least 40% this yr. Earnings-per-share on an adjusted foundation is now anticipated within the vary of $13.40 to $13.60.
Click on right here to obtain our most up-to-date Positive Evaluation report on S&P International (preview of web page 1 of three proven beneath):
No-Price DRIP Dividend Aristocrat #5: Illinois Instrument Works (ITW)
5-year anticipated annual returns: 9.2%
Illinois Instrument Works is a diversified multi-industrial producer with seven distinctive working segments: Automotive, Meals Tools, Check & Measurement, Welding, Polymers & Fluids, Building Merchandise and Specialty Merchandise.
On Might third, 2022, Illinois Instrument Works reported first quarter 2022 outcomes for the interval ending March thirty first, 2022. For the quarter, income got here in at $3.9 billion, up 11.2% in comparison with Q1 2021.
Supply: Investor Presentation
Gross sales have been down -1% within the Automotive phase resulting from provide shortages however have been up 0.6% to twenty-eight.2% within the different six segments. Web earnings equaled $662 million or $2.11 per share in comparison with $671 million or $2.11 per share in Q1 2021. The rise in internet earnings per share is a results of a decrease year-over-year share rely.
Illinois Instrument Works additionally elevated its 2022 steerage. For this yr, the corporate anticipates 8.5% to 11.5% (up from 7.5% to 10.5%) income progress and $9.00 to $9.40 (up from $8.90 to $9.30) in earnings-per-share.
Illinois Instrument Works has a wonderful dividend progress historical past. Its payout ratio was comparatively excessive over the last monetary disaster, however the firm was not pressured to chop the payout. Immediately the dividend payout ratio sits at 53% of anticipated earnings, above the corporate’s long-term goal, which means that future dividend progress could path earnings progress.
Click on right here to obtain our most up-to-date Positive Evaluation report on ITW (preview of web page 1 of three proven beneath):
No-Price DRIP Dividend Aristocrat #4: Albemarle Company (ALB)
5-year anticipated annual returns: 10.4%
Albemarle is the most important producer of lithium and second largest producer of bromine on this planet. The 2 productsaccount for practically two-thirds of annual gross sales. Albemarle produces lithium from its salt brine deposits within the U.S. andChile. The corporate has two joint ventures in Australia that additionally produce lithium. Albemarle’s Chile property supply a really low-cost supply of lithium.
The corporate operates in practically 100 international locations and consists of 4 segments. Albemarle produces annual gross sales of greater than $5 billion.
Supply: Investor Presentation
On Might 4th, 2022, Albemarle launched first quarter outcomes for the interval ending March thirty first, 2022. Income grew 36.3% to $1.13 billion, $100 million higher than anticipated. Adjusted earnings-per-share of $2.38 in contrast very favorably to $1.10 within the prior yr and was $0.75 above estimates.
Income for Lithium surged 97% to $550.3 million, resulting from a 66% enchancment in pricing and a 31% enhance in quantity resulting from greater buyer demand. The corporate expects quantity progress to be 20% to 30% for the yr. Revenues for Bromine Specialties grew 28.2% to $359.6 million as pricing added 25% and quantity improved 3%. Catalysts fell by 1.1% to $217.9 million.
Albemarle supplied an outlook for 2022 as properly, with the corporate anticipating income of $5.2 billion to $5.6 billion, up from $4.2 billion to $4.5 billion beforehand. Adjusted earnings-per-share at the moment are projected to be in a variety of $9.25 to $12.25, up considerably from $5.65 to $6.65 beforehand.
Click on right here to obtain our most up-to-date Positive Evaluation report on Albemarle (preview of web page 1 of three proven beneath):
No-Price DRIP Dividend Aristocrat #3: Emerson Electrical (EMR)
5-year anticipated annual returns: 11.5%
Emerson Electrical is a perfect candidate for a no-fee DRIP program, as the corporate has elevated its dividend for over 60 years in a row.
Emerson Electrical was based in Missouri in 1890 and since that point, it has advanced by means of natural progress, in addition to strategic acquisitions and divestitures, from a regional producer of electrical motors and followers right into a $49 billion diversified world chief in know-how and engineering. Its world buyer base and various product and repair choices afford it about $20 billion in annual income. The corporate has elevated its dividend for 65 years in a row.
Emerson reported second quarter earnings on Might 4th, 2022, and outcomes have been higher than anticipated on each the highest and backside traces. Adjusted earnings-per-share got here to $1.29, beating expectations by 11 cents. Income was $4.8 billion, up 8% year-over-year and $80 million higher than estimates.
Gross sales in Automation Options rose 5% to $2.93 billion, whereas Business and Residential Options noticed gross sales rise 13% to $1.85 billion. Web revenue was $674 million, up from $561 million year-over-year. Adjusted EBITA margin was up 20 foundation factors to twenty.2% of income.
Free money move for Q2 fell by half year-over-year to $333 million, which was attributable to greater stock ensuing from provide chain constraints. The corporate raised steerage for this yr to adjusted earnings-per-share of $4.95 to $5.10, up about 25 cents from prior steerage.
Anticipated returns may attain 11.5%, pushed by 5% EPS progress, the two.6% dividend yield, and a ~3.9% return from an increasing P/E a number of.
Click on right here to obtain our most up-to-date Positive Evaluation report on EMR (preview of web page 1 of three proven beneath):
No-Price DRIP Dividend Aristocrat #2: A.O. Smith (AOS)
5-year anticipated annual returns: 12.0%
A.O. Smith is a number one producer of residential and industrial water heaters, boilers and water remedy merchandise. A.O. Smith generates nearly all of its gross sales in North America, with the rest from the remainder of the world. It has category-leading manufacturers throughout its numerous geographic markets.
A.O. Smith reported its first quarter earnings outcomes on April 28. The corporate generated revenues of $980 million through the quarter, which represents a rise of 27% in comparison with the prior yr’s quarter. A.O. Smith’s revenues have been up 32% in North America, whereas income progress was decrease in the remainder of the world, the place gross sales through the quarter have been up 15% yr over yr, with the decrease progress charge being defined by components corresponding to COVID measures in China.
A.O. Smith generated earnings-per-share of $0.77 through the first quarter, which was up by 31% on a yr over yr foundation. This will principally be defined by the stable income efficiency, which lifted the corporate’s earnings at a comparable degree, regardless of commodity value headwinds.
A.O. Smith has additionally reaffirmed its steerage for 2022. The corporate is forecasting earnings-per-share in a variety of $3.35 and $3.55, which displays that administration expects earnings-per-share to meaningfully develop this yr, on high of the robust progress in 2021. On the midpoint of the steerage vary, A.O. Smith’s earnings-per-share would rise by a gorgeous 14% in comparison with 2021.
Click on right here to obtain our most up-to-date Positive Evaluation report on A.O. Smith (preview of web page 1 of three proven beneath):
No-Price DRIP Dividend Aristocrat #1: 3M Firm (MMM)
5-year anticipated annual returns: 18.4%
3M sells greater than 60,000 merchandise which can be used every single day in houses, hospitals, workplace buildings and colleges across the world. It has about 95,000 workers and serves clients in additional than 200 international locations.
Supply: Investor Presentation
3M is now composed of 4 separate divisions. The Security & Industrial division produces tapes, abrasives, adhesives and provide chain administration software program in addition to manufactures private protecting gear and safety merchandise.
The Healthcare phase provides medical and surgical merchandise in addition to drug supply programs. Transportation & Digitals division produces fibers and circuits with a objective of utilizing renewable vitality sources whereas decreasing prices. The Client division sells workplace provides, house enchancment merchandise, protecting supplies and stationary provides.
On April twenty sixth, 2022, 3M reported first quarter earnings outcomes for the interval ending March thirty first, 2022. Income fell 0.3% to $8.8 billion, however was $50 million higher than anticipated. Adjusted earnings-per-share of $2.65 in comparison with $2.77 within the prior yr, however was $0.34 above estimates. Natural progress for the quarter was 2%.
3M supplied an up to date outlook for 2022, with the corporate now anticipating adjusted earnings-per-share of $10.75 to $11.25.
Click on right here to obtain our most up-to-date Positive Evaluation report on 3M (preview of web page 1 of three proven beneath):
Remaining Ideas and Further Assets
Enrolling in DRIP shares may be a good way to compound your portfolio earnings over time.
Further sources are listed beneath for buyers excited about additional analysis for DRIP shares.
For dividend progress buyers excited about DRIP shares, the 15 corporations talked about on this article are an ideal place to start out. Every enterprise could be very shareholder pleasant, as evidenced by their lengthy dividend histories and their willingness to supply buyers no-fee DRIP shares.
At Positive Dividend, we regularly advocate for investing in corporations with a excessive chance of accelerating their dividends each yr.
If that technique appeals to you, it might be helpful to flick thru the next databases of dividend progress shares:
Thanks for studying this text. Please ship any suggestions, corrections, or inquiries to [email protected].