In this article, we will be looking at 5 stocks with over 10 years of dividend increases. If you want to see our detailed analysis of these companies and dividend investing, go directly to the 10 Stocks with Over 10 Years of Dividend Increases.
5. Bristol-Myers Squibb Company (NYSE: BMY)
Number of Hedge Fund Holders: 81
Number of Years of Consecutive Dividend Increases: 15
Dividend Yield: 2.9%
Bristol-Myers Squibb Company (NYSE: BMY) is a pharmaceuticals company that develops biopharmaceuticals across the globe. The company’s products include Opdivo to treat anti-cancer indications and Sprycel to treat Philadelphia chromosome-positive chronic myeloid leukemia among a range of others in diverse medicinal fields. It ranks 5th on our list of stocks with over 10 years of dividend increases.
As of this April, Citigroup analyst Andrew Baum has a Buy rating on Bristol-Myers Squibb Company (NYSE: BMY) shares with a $77 price target, while Morgan Stanley has an Equal Weight rating on the stock.
In the first quarter of 2021, Bristol-Myers Squibb Company (NYSE: BMY) had an EPS of $1.74, surpassing the previous quarter’s $1.46 EPS. The company’s revenue was $11.07 billion, up 2.71% year over yet missing estimates by $81.41 million. Bristol-Myers Squibb Company (NYSE: BMY) has gained about 4.03% in the past 6 months and 9.42% year to date as well.
By the end of the first quarter of 2021, 81 hedge funds out of the 866 tracked by Insider Monkey held stakes in Bristol-Myers Squibb Company (NYSE: BMY) worth roughly $5.03 billion. This is compared to 131 hedge funds in the previous quarter with stakes worth approximately $6.08 billion.
4. Comcast Corporation (NASDAQ: CMCSA)
Number of Hedge Fund Holders: 88
Number of Years of Consecutive Dividend Increases: 14
Dividend Yield: 1.7%
Comcast Corporation (NASDAQ: CMCSA) is a communication services company operating in the cable and satellite industry. The company operates national cable networks to provide entertainment content, news, and sports content, and some of its broadcast networks include NBC and Telemundo. It ranks 4th on our list of stocks with over 10 years of dividend increases.
Raymond James has raised its price target on Comcast Corporation (NASDAQ: CMCSA) shares from $63 to $65 as of this July, with analyst Frank Louthan also keeping an Outperform rating on the stock.
In the first quarter of 2021, Comcast Corporation (NASDAQ: CMCSA) had an EPS of $0.76, beating estimates by $0.18. The company’s revenue was $27.20 billion, up 2.24% year over year and also beating estimates by $465.18 million. Comcast Corporation (NASDAQ: CMCSA) has gained about 18.76% in the past 6 months and 14.45% year to date as well.
By the end of the first quarter of 2021, 88 hedge funds out of the 866 tracked by Insider Monkey held stakes in Comcast Corporation (NASDAQ: CMCSA) worth roughly $9.76 billion. This is compared to 84 hedge funds in the previous quarter with stakes worth approximately $8.83 billion.
ClearBridge Investments, an investment management firm, mentioned Comcast Corporation (NASDAQ: CMCSA) in its second-quarter 2021 investor letter. Here’s what they said:
“We funded the shift primarily with trims in Comcast following big gains in this name. Comcast is a long-term holding that have been and remain core holdings. During the quarter, however, we took gains and resized the positions to reflect their current risk-reward post strong increases in the stocks.
Comcast, like Blackstone, has been a meaningful long-term holding whose stock performance has at times lagged its robust fundamental performance. Over the last nine months the stock price caught up some with the fundamentals and looked like it had more room to run. Our thesis on the name evolved, however, following the May 17 announcement that competitor Discovery was merging its operations with Time Warner. This deal positions the new company as a credible competitor to Netflix, Amazon Prime, Hulu and Disney, and results in Comcast being left without the proverbial dance partner in the evolving pay TV/DTC landscape. While we continue to believe Comcast’s cable systems business is well-positioned and that NBCUniversal remains valuable, the competitive dynamic for NBCUniversal has stiffened. Our reduced position size reflects both our continued enthusiasm for many parts of the franchise and emerging concerns given the evolving pay TV/DTC landscape.”
3. UnitedHealth Group Incorporated (NYSE: UNH)
Number of Hedge Fund Holders: 89
Number of Years of Consecutive Dividend Increases: 12
Dividend Yield: 1.2%
UnitedHealth Group Incorporated (NYSE: UNH) is an American healthcare company that operates through its UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx segments to offer a range of healthcare products and services. The company ranks 3rd on our list of stocks with over 10 years of dividend increases.
Raymond James’ John Ransom has reiterated his Strong Buy rating UnitedHealth Group Incorporated (NYSE: UNH) shares while raising his price target from $435 to $515 just this July. The development came in light of stronger Q2 results on UnitedHealth Group Incorporated’s (NYSE: UNH) part than expected, Ransom commented.
In the second quarter of 2021, UnitedHealth Group Incorporated (NYSE: UNH) had an EPS of $4.70, beating estimates by $0.24. The company’s revenue was $71.32 billion, up 14.78% year over year and also beating estimates by $1.77 billion. UnitedHealth Group Incorporated (NYSE: UNH) has gained about 19.30% in the past 6 months and 18.64% year to date as well.
By the end of the first quarter of 2021, 89 hedge funds out of the 866 tracked by Insider Monkey held stakes in UnitedHealth Group Incorporated (NYSE: UNH) worth roughly $12.09 billion. This is compared to 91 hedge funds in the previous quarter with stakes worth approximately $10.7 billion.
ClearBridge Investments, an investment management firm, mentioned UnitedHealth Group Incorporated (NYSE: UNH) in its second-quarter 2021 investor letter. Here’s what they said:
“A good way to conceptualize how we think about portfolio construction is to picture a pyramid. At the bottom of the pyramid are the durable compounding growth companies that form the strong foundation, resilience and consistency for the Strategy. We think these companies should comprise just under half of portfolio assets and feature annual revenue growth rates ranging from two times GDP up to 20% as well as healthy free cash flow generation.
UnitedHealth Group, a name we have owned in the Strategy since 1992, is a good example of a long-term compounder, having grown its revenue base from approximately $600 million to north of $260 billion over that time frame. It remains constantly focused on investing in new growth drivers such as telemedicine and health care analytics. Broadcom and Comcast have delivered similar long-term appreciation through a combination of organic growth, capital deployment into new and adjacent opportunities through merger and acquisition activity as well as returning capital to shareholders through buybacks and dividends.”
2. Visa Inc. (NYSE: V)
Number of Hedge Fund Holders: 164
Number of Years of Consecutive Dividend Increases: 13
Dividend Yield: 0.5%
Visa Inc. (NYSE: V) is an information technology company operating across the globe. It works to provide digital payments services to consumers, financial institutions, businesses, and government entities, among others, and ranks 2nd on our list of stocks with over 10 years of dividend increases.
David Koning, an analyst at Baird, has raised his price target on Visa Inc. (NYSE: V) from $282 to $305 just this July. Koning has also kept his Outperform rating on Visa Inc. (NYSE: V) shares while commenting that he expects the company’s Q3 earnings and revenue to beat estimates.
In the fiscal second quarter of 2021, Visa Inc. (NYSE: V) had an EPS of $1.38, beating estimates by $0.11. The company’s revenue was $5.73 billion, also beating estimates by $175.03 million. Visa Inc. (NYSE: V) has gained about 20.61% in the past 6 months and 11.89% year to date as well.
By the end of the first quarter of 2021, 164 hedge funds out of the 866 tracked by Insider Monkey held stakes in Visa Inc. (NYSE: V) worth roughly $26.5 billion. This is compared to 166 hedge funds in the previous quarter with stakes worth approximately $23.5 billion.
1. Microsoft Corporation (NASDAQ: MSFT)
Number of Hedge Fund Holders: 251
Number of Years of Consecutive Dividend Increases: 19
Dividend Yield: 0.8%
Microsoft Corporation (NASDAQ: MSFT) operates in the Systems Software industry to provide software, services, and solutions across the globe. The company offers support and Microsoft consulting services for consumers looking to develop and manage Microsoft server and desktop solutions, and it ranks 1st on our list of stocks with other 10 years of dividend increases.
Brad Reback from Stifel has raised his price target on Microsoft Corporation (NASDAQ: MSFT) shares from $285 to $305 this July. Reback has also held onto his Buy rating on the stock while commenting that Microsoft Corporation (NASDAQ: MSFT) will likely outperform expectations on Wall Street.
In the fiscal third quarter of 2021, Microsoft Corporation (NASDAQ: MSFT) had an EPS of $1.95, beating estimates by $0.17. The company’s revenue was $41.71 billion, up 19.09% year over year and beating estimates by $852.09 million. Microsoft Corporation (NASDAQ: MSFT) has also gained about 24.54% in the past 6 months and 29.27% year to date.
By the end of the first quarter of 2021, 251 hedge funds out of the 866 tracked by Insider Monkey held stakes in Microsoft Corporation (NASDAQ: MSFT) worth roughly $58.9 billion. This is compared to 258 hedge funds in the previous quarter with stakes worth approximately $52.8 billion.
You can also take a peek at 10 Best Dividend Champions to Buy Now and 10 Best Dividend Stocks to Buy According to Mason Hawkins’ Southeastern Asset Management.
