Dividend Growth Rate

What is Div Growth?

The annualized percentage growth in dividends paid per share over a period, typically 5 years.

Think of it like this

Like getting annual raises at your job - a company that consistently raises dividends shows commitment to shareholders.

Formula

Dividend Growth = (Current Dividend รท Past Dividend)^(1/Years) - 1
  • Current Dividend: Most recent annual dividend per share
  • Past Dividend: Dividend from 5 years ago
  • CAGR: Compound Annual Growth Rate

Why it matters

  • Shows company's commitment to shareholders
  • Growing dividends often signal healthy business
  • Dividend Aristocrats have 25+ years of increases
  • Helps maintain purchasing power against inflation

What's a good value?

< 3%
Slow
Below inflation, losing purchasing power
3-7%
Moderate
Keeping pace with inflation
7-12%
Strong
Building shareholder wealth
> 12%
Aggressive
May not be sustainable long-term

Real-world example

Johnson & Johnson has grown dividends for 60+ consecutive years at about 6% annually.

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