As I attempt to manage my dividend portfolio publicly I will be making posts about stocks I purchase and stocks I sell. Last week I made a few adjustments to my holdings to better represent my long term view. I felt that I was being a little too speculative with my position in Vanguard FTSEEuro (VGK) when I could swap it out for two long term plays that I was more comfortable with. Each of these stocks are always showing up in my top dividend list and have increased their dividend for over 35 years.
I also believe each is well positioned to benefit from global growth, emerging markets and new trends. Over the next 10 years I expect each of these stocks to be worth much more than they a are today. I also expect each to continue to pay and raise dividends.
Here’s a quick breakdown of each stocks dividend fundamentals with dividend history charts from our graph tool.
Currently Clorox yields 3.2% and has boosted dividends for 35 consecutive years. Dividend growth has been strong averaging around 10% over the last 3 years. The payout ratio is just 62% and the free cash flow yield is 4.4%.
KO is yielding 3.2% and has increased its dividend for 51 years. KO has a 5 year dividend growth rate of 8.5% and a payout ratio of 56% with a free cash flow yield of 4.8%.
Alright Coke fans, I’m in the club!