Texas Instruments is a well-known company that is part of the elite group of Dividend Aristocrats. These are companies that have a proven track record of consistently increasing their dividends year after year. While Texas Instruments may be one of the more popular choices for dividend investors, there are other lesser-known companies that also deserve consideration.
One such company is AbbVie, a pharmaceutical giant that has been steadily growing its dividend since it was spun off from Abbott Laboratories in 2013. AbbVie’s strong portfolio of drugs, including blockbuster drugs like Humira, have helped the company generate consistent cash flow and reward shareholders with increasing dividends.
Another overlooked Dividend Aristocrat is Albemarle Corporation, a specialty chemicals company that has been increasing its dividend for over 25 years. Albemarle’s diverse product portfolio, which includes lithium for electric vehicle batteries, has positioned the company well for long-term growth.
Investors looking for steady dividends may also want to consider Federal Realty Investment Trust, a real estate investment trust (REIT) that owns and operates high-quality retail properties. Federal Realty has a history of increasing its dividend for over 50 years, making it one of the longest-standing Dividend Aristocrats.
While Texas Instruments may be the first company that comes to mind when thinking of Dividend Aristocrats, these lesser-known companies also offer attractive opportunities for dividend investors. By diversifying their portfolios with a mix of well-established companies, investors can build a strong foundation for long-term wealth accumulation.