Broadcom , Caterpillar and Eli Lilly 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. Jim Cramer agrees, calling the firm's research "really smart.
One thing to keep in mind with Stanley Black & Decker, though, is the magnitude of its payout growth has slowed since last year, as the toolmaker works through its Covid housing boom hangover , as well as supply-chain and inventory woes. Still, we're believers in its turnaround story, and expect its dividend going forward will be fine.
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