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4 Fast-Growing Dividends
While I love high-yield dividends (that are sustainable) as much as anyone, quickly growing dividends are more exciting to me over the long haul (also if sustainable).
These stocks have grown their dividends between 178% and 481% over the last five years.
Here’s my favorite thing about each stock:
- ASML - Monopoly in the extreme ultraviolet lithography market and an ~80% share in the more mature deep ultraviolet market. The semiconductor industry would temporarily (indefinitely?) die without ASML, so I’ll happily pay a premium to own it and receive a growing dividend.
- Old Dominion - Best-in-class profit margin of 22% and ROIC of 29% in the less-than-truckload industry. Wide moat around the complexity of its logistical operations and startup costs.
- Tractor Supply - 27 million members in its rewards program and generates half of its revenue from pet and livestock sales which tend to be recurring and sticky. Dominating its rural/small town lifestyle niche.
- Zoetis - Portfolio of over 300 pet and livestock vaccines and medicines makes the company a massive force in the $45B animal health industry. Human-pet bonds only continue to grow stronger with time and this is a recession-proof industry.
Would love to know - - what is your favorite quickly growing dividend out there?
Which performs the best through 2033?
69%ASML
13%Old Dominion Freight
13%Tractor Supply
4%Zoetis
23 VotesPoll ended on: 2/2/2023
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