After the COVID-19 pandemic’s negative impact on sales and profits, many businesses have recovered. As of 2021, the S&P 500’s cash and cash equivalents will total $3.78 trillion, an increase from $2.19 trillion in 2019. By reimbursing shareholders for reduced dividends in 2020 and the first half of 2021, this influx of cash will help these companies regain investor confidence.
Insider Monkey selected 10 income stocks with over 10 years of dividend increases. Increasing dividends have been paid out for 39 years in a row by the company. Like in the past, Air Products and Chemicals, Inc. declared a quarterly dividend per share of $1.50. This month’s dividend will be paid on February 14th to stockholders who have provided proof of ownership by January 3rd. In the United States and Canada, the Allstate Corporation is a leading provider of insurance products and solutions. Due to a lack of in-house employees, Microsoft announced on November 29 that it is selling the majority of its Illinois headquarters to Dermody Properties for $232 million. As a holding company for Cambridge Trust Company, Cambridge Bancorp operates as a bank. For the past 18 years, dividends have grown at a steady rate. Cambridge Bank’s third-quarter EPS and revenue beat expectations. Electronic components and infrastructure software developer Broadcom Inc. Product offerings from the company span the software, broadband and wireless sectors as well as the storage and industrial markets. In December, Broadcom announced a dividend increase of 13.9 percent from $3.60 to $4.10. According to the results released on January 18 by Fulton Financial Corporation, the company posted EPS of $0.37, in line with the market consensus. There was a $4.36 million overshoot in revenue for the fourth quarter, bringing total revenue to $229,49 million. For more details, click 10 Income Stocks With Over 10 Years Of Dividend Increases.