Overall, four out of the 30 Dividend Growth Stocks outperformed the S&P 500 from May 27, 2021 through June 28, 2021. Featured Stock From June: T. Rowe Price Inc. (TROW)T. Rowe Price Inc. (TROW) is the featured stock from June’s Dividend Growth Stocks Model Portfolio. Figure 1: T. Rowe Price’s NOPAT And Revenue Since 2015T. Rowe Price’s NOPAT & Revenue New Constructs, LLCSteady Dividend Growth Supported by FCFT. Rowe Price has increased its regular dividend in every year for the last eight years and from $2.36/share in 2012 to $3.60/share in 2020, or 5% compounded annually. Regular Dividend Payments New Constructs, LLCCompanies with FCF well in excess of dividend payments provide higher quality dividend growth opportunities because I know the firm generates the cash to support a higher dividend. Add in T. Rowe Price’s 2.2% dividend yield and history of dividend growth, and it’s clear why this stock is in June’s Dividend Growth Stocks Model Portfolio.

Source: Forbes July 06, 2021 13:07 UTC