Based on consensus estimates from surveyed analysts, FactSet has determined which stocks in the S&P 500 have the highest expected compound annual growth rate in their two-year dividends.
Because there are 111 stocks in the S&P 500 with dividend yields above 3.10%, analysts have compiled a list of 20 stocks that are expected to increase their dividends through 2024 market observation. Here are three dividend stocks with high compound annual growth rates.
Stanley Black & Decker Inc SWK offers a dividend yield of 3.65%, or $3.20 per share annually through quarterly payments, with an outstanding track record of growing its dividends for 55 consecutive years.
Stanley Black & Decker is a manufacturer of hand and power tools and its three divisions include Tools & Storage, Safety and Industrial.
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Tapestry Inc TPR offers a dividend yield of 3.44%, or $1.20 per share annually, makes quarterly payments, and has increased its dividends once in the past year.
Tapestry includes fashion and accessories brands such as Coach, Kate Spade and Stuart Weitzman and its products are sold in approximately 1,400 company-operated stores, wholesale channels and e-commerce in North America, Europe and Asia.
amgen inc AMGN offers a dividend yield of 3.16%, or $7.76 per share annually on quarterly payments, and has a solid track record of growing its dividends for 11 consecutive years.
amgen is a leading provider of biotechnological human therapeutics with many years of expertise in products for the adjuvant treatment of kidney diseases and cancer. Flagship drugs include red blood cell boosters Epogen and Aranesp, immune system boosters Neupogen and Neulasta, and Enbrel and Otezla for inflammatory diseases.
