Companies that have regularly increased their dividend distributions over time are known as dividend growth stocks. They are also businesses that reinvest a portion of their profits back into the business for expansion and growth. Robinhood is an American financial services company that allows novice and experienced investors to trade stocks, ETFs, and cryptocurrencies without paying a commission. Goldman Sachs increased its repurchase predictions for the S&P 500 to $1 trillion in 2022, up 12% from the previous year.
Insider Monkey observed the 10 dividend growth stocks popular on Robinhood. Enbridge Inc. announced a quarterly dividend of C$0.860 per share, up 3 percent from the previous payment. In 2021, the company’s full-year revenue was $47 billion, up from $39 billion the previous year. Realty Income Corporation is a real estate investment trust located in California that rents single-tenant commercial properties in the US, the UK, and Spain. For the past 28 years, the corporation has grown its dividend payments. On April 4, its dividend yield was 4.20 percent. Waste Management, Inc. is based in Houston, Texas and was founded in 1987. For the past 20 years, the corporation has increased its dividend payments every year. Revenue for the full year of 2021 was around $18 billion, up from $15.2 billion the previous year. On February 25, Altria Group, Inc. declared a $0.90 per share quarterly dividend. The dividend will be paid on April 29 to stockholders who were on the list on March 25. As of April 4, the stock has a dividend yield of 6.82 percent. 3M Company is a Minnesota-based multinational business with four segments: safety and industrial, transportation and electronics, health care, and consumer. The company earned $2.31 per share, above analyst projections by $0.29. For more details, click 10 Dividend Growth Stocks Popular On Robinhood.