Top Growth Dividend Stocks: Recap

Recently, we counted down the Top 20 Dividend Growth Stocks. They were all winners, having been chosen from over 773 stocks. Here’s the breakdown of winners by sector:

  • 50% of the Top Growth Dividend Stocks were in the Industrials sector
  • 15% were in the Consumer Cyclicals sector
  • 10% were in the Financial Services sector
  • 10% were in the Technology sector
  • 5% in the Consumer Defensive sector
  • 5% in the Basic Materials sector

Since we include the 10- and 5-year performance in the growth analysis, it seems that old school Industrials beats technology for growth, at least in dividend paying stocks. Industrials should be well represented in your portfolio if you are going after growth.

Of the 20 stocks in the list, here are the average values for a slew of dividend metrics:

  • Average free cash flow growth over a 10 year period was 18.3% annualized
  • Dividend growth over a 10 year period was 21.3% annualized
  • Total Return was 21.5% annualized (again, over a 10-year period)
  • The average yield is 0.85%, low but what you would expect in a growth stock
  • Average payout ratio was a conservative 0.3
  • Growth is expensive with the average PE at 37.0
  • The average years of continuously increasing dividends was 21.8

Clearly, these companies have a habit of delivering growth, and paying you dividends to grow along with them.

The Top Growth Dividend Stock Winners

Click the link on the ticker to see more details about these dividend growth winners. And as always, tell us what you think in the comments below.

  1. (CTAS) Cintas
  2. (TSCO) Tractor Supply Co.
  3. (TPL) Texas Pacific Land
  4. (COST) Costco
  5. (BMI) Badge Meter
  6. (VISA) Visa
  7. (MA) Mastercard
  8. (MKTX) MarketAxess
  9. (CSX) CSX Corp
  10. (LII) Lennox International
  11. (BC) Brunswick
  12. (NDSN) Nordson
  13. (SHW) Sherwin-Williams
  14. (POOL) Pool Corp
  15. (ROP) Roper Technologies
  16. (UNF) UniFirst
  17. (HEI) Heico
  18. (TTC) The Toro Company
  19. (APH) Amphenol
  20. (AME) Ametek

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