I've spent the past 5 weeks reviewing earnings in the search of strong dividend growth stocks.
Instead of solely focus on their dividend yield or history, I put my primary focus on their growth abilities.
This quarter I've found 3 companies showing double-digit increases this quarter that has maintained this pace for the past 5 years:
- AbbVie (ABBV) - 12.16% Dividend CAGR over 5 years
- Starbucks (SBUX) - 23.36% Dividend CAGR over 5 years
- Lockheed Martin (LMT) - 11.70% Dividend CAGR over 5 years
My Favorite Pick at the Moment
Since both ABBV and LMT stock soared over the past 12 months, I would put my $2 on SBUX if I had to enter in a new position now.
AbbVie may represent the strongest stock appreciation potential, but I'm afraid there is a little too much hype around the stock right now.
As for Lockheed Martin, this stock is currently fairly valued and show little short-term upside potential. Starbucks will continue to develop the Chinese market while improving their menu and store size in North America.
Its proximity with its customers gives them a unique competitive advantage and allows SBUX to move faster and adapt to its clientele evolving tastes.
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Instead of solely focus on their dividend yield or history, I put my primary focus on their growth abilities.
This quarter I've found 3 companies showing double-digit increases this quarter that has maintained this pace for the past 5 years:
- AbbVie (ABBV) - 12.16% Dividend CAGR over 5 years
- Starbucks (SBUX) - 23.36% Dividend CAGR over 5 years
- Lockheed Martin (LMT) - 11.70% Dividend CAGR over 5 years
My Favorite Pick at the Moment
Since both ABBV and LMT stock soared over the past 12 months, I would put my $2 on SBUX if I had to enter in a new position now.
AbbVie may represent the strongest stock appreciation potential, but I'm afraid there is a little too much hype around the stock right now.
As for Lockheed Martin, this stock is currently fairly valued and show little short-term upside potential. Starbucks will continue to develop the Chinese market while improving their menu and store size in North America.
Its proximity with its customers gives them a unique competitive advantage and allows SBUX to move faster and adapt to its clientele evolving tastes.
