Dividend growth stocks as the best kept secret on Wall Street: McCormick, T. Rowe, Ecolab, HCP, NACCO Industries, Brady

Dividend stock is one of the best kept secrets in retirement investing and dividend growth stocks could be the best kept secret on Wall Street.

These stocks provide positive returns to investors in the form of dividends. Moreover, they never care much about instability in the equity market as long as the stock they own is stable and raises distributions out of growing profit.

What is the most important thing one should keep in mind while choosing companies? They should understand their business. In addition, investors should invest in shares that have solid competitive advantages and a sound business model which could have sufficient cash to not only maintain but also grow earnings over time.

This article offers you dividend-paying companies that have declared at-least 27 consecutive dividend increases to investors.

McCormick & Company, Incorporated (NYSE:MKC) has been paying dividend since 1925 and made 4 payments in last 12 months. The company now holds an annual dividend yield of 1.88%. The stock floated between $72.02 and $72.67 during the last session, leaving market capitalization at $8.67 billion. McCormick & Company, Incorporated manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry, retail outlets, food manufacturers and foodservice businesses. The Company operates in two business segments: consumer and industrial.

T. Rowe Price Group, Inc. (NASDAQ:TROW) started paying dividend in 1986 and now provides a dividend yield of 1.91%. The stock changed hand between $79.53 and $80.26 in the last trading session. After latest close, its market capitalization was $20.64billion. T. Rowe Price Group, Inc. is a financial services holding company, which provides global investment management services through its subsidiaries to individual and institutional investors in the sponsored .

Ecolab Inc. (NYSE:ECL) develops and markets products and services for the hospitality, foodservice, healthcare and industrial markets. Ecolab Inc paid dividend for the first time in 1936. The company has current annual dividend yield at 0.97%.

HCP, Inc. (NYSE:HCP) started paying dividend in 1990 and now provides a dividend yield of 4.54%. The stock changed hand between $46.24 and $46.78 in the last trading session. After latest close, its market capitalization was $21.03 billion. HCP, Inc. (HCP) is a real estate investment trust (REIT). The Company invests primarily in real estate serving the healthcare industry in the United States. HCP acquires, develops, leases, manages and disposes of healthcare real estate and provides financing to healthcare providers.

NACCO Industries, Inc. (NYSE:NC) has been paying dividend since 1990 and made 5 payments in last 12 months. The company now holds an annual dividend yield of 1.65%. The stock floated between $59.83 and $62.12 during the last session, leaving market capitalization at $506.07 Million. NACCO Industries, Inc. (NACCO) is a holding company. The Company’s principal businesses include lift trucks, small appliances, specialty retail and mining. NACCO’s segments include the three management units: NMHG Americas, NMHG Europe and NMHG Other.

Brady Corp (NYSE:BRC) started paying dividend in 1984 and now provides a dividend yield of 2.28%. The stock changed hand between $33.08 and $33.46 in the last trading session. After latest close, its market capitalization was $1.72 billion. Brady Corporation (Brady) is an international manufacturer of identification solutions and specialty materials that identify and protect premises, products and people.

About the Author:

Rachel covers media and internet companies for EO.


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