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As I noted back in August, ADP is a “dividend aristocrat,” with over 25 consecutive years of dividend growth under its belt. The stock currently has a forward dividend yield of 2.43%.
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This industrial conglomerate has increased its dividend payouts 27 years in a row. With a forward yield of 2.37%, dividend growth has averaged 9.8% annually over the past five years.
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LHX’s 2.43% dividend yields provide a solid baseline of returns, and the payout has increased by 13.6% on average over the past five years.
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Once the company completes divesting non-core/underperforming business segments, and becomes focused fully on higher growth/higher margin products, MDT stock (trading for only 14.2 times earnings today) could experience a big re-rating to the upside.
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Combine that with NextEra’s 3.25% (and growing) dividend, and it’s easy to see why NEE, while no longer a high-flier, could still be a long-term winner for slow-and-steady investors.
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With adjusted earnings per share rising 20.3%, so far it appears that the smokefree transition is working out. As PM trades for only 14.8 times earnings, and with a 5.75% dividend to boot, now may be the perfect time to make this a long-term buy-and-hold.
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However, while in a rough patch right now, Sysco is likely to get back on track, once economic conditions normalize. This could spark a rebound for SYY stock, which is down 9.24% this year.