Steady Income-Producing Dividend Stocks

In extremely profitable years, some unexpected dividends may be distributed. The dividends are called as unexpected to inform investors that these added dividends are not to be expected every year in the future. However, the ordinary dividends should move higher in step with earnings. Thus, the board of directors keeps the dividend at some target part of long run average earnings. These 5 dividend-paying companies have reported at-least 10 consecutive dividend increases to investors.

Fastenal Company(NASDAQ:FAST) has been paying dividend since 1991. Harris Corporation(NYSE:HRS) started paying dividend in 1941. Maxim Integrated Products Inc.(NASDAQ:MXIM) maintains a payout ratio of 61.40%. Stryker Corporation(NYSE:SYK) is a medical technology company. Xilinx, Inc.(NASDAQ:XLNX) maintains a payout ratio of 37.10%.

Source: Equity Observer

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