Consumer discretionary stocks with a long history of consistent dividend hikes are a great option for income-focused investors. Three companies that fit this criteria are Starbucks, McDonald’s, and Polaris.
Starbucks, a well-known restaurant brand with over 38,000 stores worldwide, has been paying dividends for 15 years and raising them for 14 consecutive years. The company pays a quarterly dividend of $0.57 per share, with a 2.97% yield.
McDonald’s, the largest restaurant owner-operator globally, has raised its dividends for 47 consecutive years. The company pays a quarterly dividend of $1.67 per share, with a 2.67% annual yield.
Polaris, a manufacturer of off-road vehicles and motorcycles, has raised its dividend for 29 consecutive years. The company pays a quarterly dividend of $0.66 per share, with a 3.48% annual yield.
These companies have shown solid dividend growth and offer attractive yields, making them appealing options for investors seeking income from their investments.