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.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: NBCLA - 🏆 319. / 59 Read more »