Adding growth stocks to your investment portfolio can be a smart move for long-term compounding. These stocks have the potential to steadily increase their profits and cash flows, leading to capital gains as their share prices rise. Some growth stocks also pay dividends, offering investors the best of both worlds. As the profits of these companies grow over time, so do their dividend payouts.
Here are five attractive growth stocks in the US that not only have seen increased profits but have also raised their dividends:
1. ResMed Inc (NYSE: RMD): ResMed is a medical device and digital health technology company that specializes in sleep apnea, COPD, and other chronic diseases. The company’s revenue for the first nine months of fiscal 2024 rose by 12% year on year to US$3.5 billion. ResMed also saw an increase in operating profit and net profit, with a positive free cash flow of US$886.6 million. The company paid a quarterly dividend of US$0.48, 9.1% higher than the previous year.
2. Costco Wholesale (NASDAQ: COST): Costco is a global retailer with operations in eight countries. The company’s total revenue for 9M FY2024 increased by 7% year on year to US$174.5 billion, with growth in operating profit and net profit. Costco also saw a positive free cash flow and increased its quarterly dividend by 13.7% year on year.
3. Ecolab Inc (NYSE: ECL): Ecolab provides water, hygiene, and infection prevention solutions and services globally. The company’s sales for 1Q 2024 rose by 5% year on year to US$3.75 billion, with significant increases in operating income and net profit. Ecolab paid a quarterly dividend of US$0.57 and has agreed to sell its global surgical solutions business to Medline for US$950 million in cash.
4. Walmart (NYSE: WMT): Walmart is a global retailer with over 10,500 stores worldwide. The company’s revenue for 1Q FY2024 increased by 6% year on year to US$161.5 billion, with growth in operating profit and net profit. Walmart also raised its dividend per share by 9.2% year on year.
5. Yum! Brands (NYSE: YUM): Yum! Brands operates and franchises restaurants under popular brands like KFC, Taco Bell, and Pizza Hut. The company reported mixed results for 1Q 2024, with revenue dipping slightly but growth in net profit. Yum! Brands also saw a positive free cash flow and increased its quarterly dividend by 10.7% year on year.
These growth stocks not only offer potential capital gains but also provide investors with dividend income. It’s important to conduct thorough research and consider your investment goals before adding these stocks to your portfolio. The Importance of Regular Exercise
Regular exercise is crucial for maintaining a healthy lifestyle and overall well-being. Not only does it help to improve physical fitness, but it also has numerous benefits for mental health. Engaging in regular physical activity can help to reduce the risk of chronic diseases such as heart disease and diabetes, as well as improve cardiovascular health.
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It is important to find an exercise routine that works for you and that you enjoy. Whether it’s going for a run, taking a yoga class, or hitting the gym, finding an activity that you look forward to can help to make exercise a regular part of your routine.
In conclusion, regular exercise is essential for maintaining a healthy lifestyle and improving overall well-being. By incorporating physical activity into your daily routine, you can reap the numerous benefits for both your physical and mental health. So get moving and make exercise a priority in your life!