Chris Lange
5 min read
Quick Read
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ADP tops the list with the biggest raise, lifting its quarterly dividend from $1.54 to $1.70, backed by $5.4B in operating cash flow.
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Dividend growth rate beats current yield as a retirement defense because a static payout loses purchasing power while a rising one keeps pace with prices.
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The income question in regard to retirement centers on which stock will keep raising its payout faster than prices climb. The Consumer Price Index reads 334.1, with the most recent monthly move up 0.4%. A static yield loses ground against a backdrop like that. A rising payout defends it. Below are five US-listed dividend payers whose latest quarterly hikes comfortably clear a low single digit inflation pace, ranked by the size, consistency, and cash-flow support behind the increase.
5. Lowe’s
Lowe’s (NYSE:LOW) is the second-largest US home improvement retailer, serving both DIY customers and professional contractors. The board lifted the quarterly dividend from $1.20 to $1.25, with a trailing twelve-month total of $4.85 per share and yield near 2.47%. Quarterly revenue reached $25.96B (+8.34% YoY) with adjusted EPS of $4.40, beating the $4.22 consensus. Operating cash flow of $3.659B in the latest quarter easily covered the $672M dividend outlay. Caveat: shares have fallen 17.13% year to date and 26.27% over the trailing year as the DIY macro remains soft.
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4. Texas Instruments
Texas Instruments (NASDAQ:TXN) designs and manufactures analog and embedded semiconductors sold to industrial, automotive, and data-center customers. The quarterly payout stepped up from $1.36 to $1.42, extending a pattern of raising, holding, and raising again. Yield sits near 2.17%. Quarterly revenue jumped to $5.46B (+22.82% YoY), and EPS of $2.14 beat the $1.94 estimate by 10.56%. Trailing free cash flow reached $6.53B, or 33.6% of revenue. Annual dividend payout climbed to $4.999B in the most recent fiscal year. Caveat: TI is deep in a heavy capex cycle, spending $4.55B on capital against $7.153B of operating cash flow, compressing free cash while the 300mm buildout finishes.
