Tupperware Brands Corporation (TUP), Avon Products, Inc. (AVP): One Great Dividend You Could Buy Right Now

Tupperware Brands Corporation (NYSE:TUP)’s dividend growth in the past three years has been beyond phenomenal. Improving on its longtime stance of returning approximately one-third of profits to shareholders, Tupperware has bumped that figure up to 50% of its diluted EPS. That bump created the perhaps the most phenomenal dividend boost that we witnessed in the first quarter, with Tupperware ramping its quarterly dividend up to $0.62 from $0.36 — a 72% increase!

Source: Nasdaq.com; 2013 total assumes four $0.62 payouts.

While dividend increases aren’t a guarantee for Tupperware shareholders, over the past four years they’ve seen the dividend increase by a whopping 173%, or an annualized 28.5% per year. Based on Tupperware’s adjusted forecast of $5.62-$5.77 in EPS in 2013, combined with the expectation of $400 million in share repurchases, Tupperware is right in line to deliver a bountiful 3.1% yield that’s easily sustainable.

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Sometimes there’s nothing like the sustainability of a brand-name retailer. Tupperware Brands Corporation (NYSE:TUP) offers investors the chance to own an easily recognizable name that has ample geographic diversity to deliver predictable cash flow and plenty of emerging-market growth. If that’s not enough to tip the scales in Tupperware’s favor, its consistent share-repurchase program and surging dividend growth with a yield in excess of 3% are bound to turn heads. This is a dividend stock you can set and forget.

The article 1 Great Dividend You Can Buy Right Now originally appeared on Fool.com.

Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on Motley Fool CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.The Motley Fool owns shares of Tupperware Brands and has options on Herbalife.

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