These 2 Dividend Kings Just Declared Dividend Raises. Should You Buy One or Both?
It isn't very often that two members of stock market royalty declare dividend raises on exactly the same day.By "royalty," I'm referring to the ever-regal Dividend Kings, that ultra-exclusive group of S&P 500 index stocks that have enacted dividend raises at least once annually for a minimum of 50 years running. On Feb. 20, crown-wearers Walmart (NYSE: WMT) and Coca-Cola (NYSE: KO) both engaged in this long-standing yearly ritual. Let's take a look at each raise. The more substantial of the two lifts belongs to Walmart, which upped its payout by 13% to a new quarterly level of almost $0.24 per share. Continue reading
It isn't very often that two members of stock market royalty declare dividend raises on exactly the same day.
By "royalty," I'm referring to the ever-regal Dividend Kings, that ultra-exclusive group of S&P 500 index stocks that have enacted dividend raises at least once annually for a minimum of 50 years running. On Feb. 20, crown-wearers Walmart (NYSE: WMT) and Coca-Cola (NYSE: KO) both engaged in this long-standing yearly ritual. Let's take a look at each raise.
The more substantial of the two lifts belongs to Walmart, which upped its payout by 13% to a new quarterly level of almost $0.24 per share.
