20 US Dividend Champions with Fastest Growing Dividends
Dividend champions are companies that have consistently increased dividends for at least 25 years.
The current full list includes over 100 stocks, some of which may be on their last legs soon to end their dividend streaks. Instead of providing the entire list, to make it more meaningful I cut it down to the companies that have grown their dividends the fastest over the past five years.
Fast dividend growth implies fast and sustainable cash-flow growth. No executive is going to grow dividends by 10, 15, 20% if they don't think it can be sustained. So a fast rate of dividend growth gives me greater confidence in the future prospects for the companies.
US Dividend Champions: Highest 5yr Dividend Growth Rates
NameSymbolStreak YrsAug 31/20 PriceYieldQtly Div5yr Growth10yr GrowthA.O. Smith Corp.AOS26$48.971.96$0.2424.5721.50Cintas Corp.CTAS37$333.240.77$2.5524.5718.43Lowe's CompaniesLOW58$164.691.46$0.6020.2319.39Illinois Tool WorksITW46$197.552.31$1.1418.4612.62Roper Technologies Inc.ROP27$427.190.48$0.5118.2518.81NACCO IndustriesNC35$20.503.76$0.1917.9113.47Franklin ResourcesBEN40$21.065.13$0.2716.7214.02Hormel Foods Corp.HRL53$50.981.82$0.2316.0016.03Sherwin-Williams Co.SHW42$671.050.80$1.3415.4912.28Computer Services Inc.CSVI49$60.001.67$0.2515.4715.79Lincoln Electric HoldingsLECO25$96.712.03$0.4915.3613.29BancFirst Corp. OKBANF26$44.002.91$0.3213.9510.61Carlisle CompaniesCSL44$130.951.60$0.5313.8811.07S&P Global Inc.SPGI47$366.420.73$0.6713.709.74Nordson Corp.NDSN57$186.490.84$0.3913.4814.51Automatic Data Proc.ADP44$139.092.62$0.9113.3910.61VF Corp.VFC47$65.752.92$0.4812.7613.04Jack Henry & AssociatesJKHY30$165.421.04$0.4312.7016.75Canadian National RailwayCNI25$104.581.66$0.4412.3313.77Medtronic plcMDT43$107.472.16$0.5812.2010.23