5 Income Stocks with Over 10 Years of Dividend Increases

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1. Healthcare Services Group, Inc. (NASDAQ:HCSG)

Dividend Yield as of January 19: 4.73%

Number of Hedge Fund Holders: 21

Number of Years of Dividend Increases: 18

Healthcare Services Group, Inc. (NASDAQ:HCSG) operates in the healthcare industry, working on housekeeping, laundry, dining, and nutritional services. Healthcare Services Group, Inc. (NASDAQ:HCSG) aims to improve the operational and financial outcomes of companies in the healthcare sector. 

On October 20, Healthcare Services Group, Inc. (NASDAQ:HCSG) declared a $0.21 per share quarterly dividend, in line with previous, which was paid on December 23. As of January 19, Healthcare Services Group, Inc. (NASDAQ:HCSG) offers a dividend yield of 4.73%, and has been increasing its dividends consistently for 18 years. 

RBC Capital analyst Sean Dodge on October 21 lowered the price target on Healthcare Services Group, Inc. (NASDAQ:HCSG) to $20 from $29 and kept a Sector Perform rating on the shares. The company’s Q3 earnings fell “well short” of consensus due to higher-than-expected labor and food costs stemming from the tight U.S. labor markets, along with the rising wage rate inflation and food supply chain disruptions. 

21 hedge funds in the third quarter database of Insider Monkey were long Healthcare Services Group, Inc. (NASDAQ:HCSG), up from 18 funds in the preceding quarter. Cliff Asness’ AQR Capital Management is the largest Healthcare Services Group, Inc. (NASDAQ:HCSG) stakeholder, with 1.28 million shares, worth $32 million. 

You can also take a look at 10 Best Global Stocks To Buy Now and 11 Best Blue Chip Stocks To Buy Now

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