Markets

Insider Trading

Hedge Funds

Retirement

Opinion

5 Best Consistent Dividend Stocks to Buy

In this article, we discuss 5 best consistent dividend stocks to buy. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 16 Best Consistent Dividend Stocks to Buy

5. Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Consecutive Years of Dividend Growth: 27
5-Year Average Payout Ratio: 43.2%

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) is an Ohio-based multinational company of welding products. The company also specializes in robotic welding systems. The company currently pays a quarterly dividend of $0.64 per share, having raised it by 14.3% in October 2022. This was the company’s 27th consecutive year of dividend growth, which makes it one of the best consistent dividend stocks on our list. The stock has a dividend yield of 1.51%, as of February 28.

In the fourth quarter of 2022, Lincoln Electric Holdings, Inc. (NASDAQ:LECO) reported revenue of $930.9 million, which showed a 10.3% growth from the same period last year. The company’s 5-year average dividend payout ratio came in at 43.2%.

In February, Baird raised its price target on Lincoln Electric Holdings, Inc. (NASDAQ:LECO) to $180 with an Outperform rating on the shares, highlighting the company’s strong international business.

As of the end of Q4 2022, 28 hedge funds tracked by Insider Monkey reported owning stakes in Lincoln Electric Holdings, Inc. (NASDAQ:LECO), with a total value of roughly $314 million. Among these hedge funds, Woodline Partners was the company’s leading stakeholder in Q4.

Follow Lincoln Electric Holdings Inc (NASDAQ:LECO)

4. Badger Meter, Inc. (NYSE:BMI)

Consecutive Years of Dividend Growth: 30
5-Year Average Payout Ratio: 43.7%

Badger Meter, Inc. (NYSE:BMI) is an American company that provides industry-leading water solutions to its consumers. In the fourth quarter of 2022, the company posted revenue of $147.3 million, up 8.5% from the prior-year period. The company operating cash flow for the quarter came in at $29.7 million.

On February 10, Badger Meter, Inc. (NYSE:BMI) declared a quarterly dividend of $0.225 per share, which fell in line with its previous dividend. In 2022, the company achieved its 30 years streak of dividend growth. The stock has a dividend yield of 0.74%, as recorded on February 28. The company’s 5-year average dividend payout ratio came in at 43.7%.

At the end of December 2022, 19 hedge funds in Insider Monkey’s database reported owning stakes in Badger Meter, Inc. (NYSE:BMI), compared with 20 a quarter earlier. These stakes have a collective value of $192.8 million.

Follow Badger Meter Inc (NYSE:BMI)

3. Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Consecutive Years of Dividend Growth: 34
5-Year Average Payout Ratio: 39.2%

Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a Missouri-based information technology company that mainly provides payment processing services to the finance industry. In February 2023, the company took its dividend growth streak to 34 years. It currently offers a quarterly dividend of $0.52 per share and has a dividend yield of 1.25%, as of February 28.

Following the company’s recent quarterly earnings, DA Davidson maintained a Neutral rating on Jack Henry & Associates, Inc. (NASDAQ:JKHY) in February, with a $188 price target.

As of the end of the December quarter, 27 hedge funds tracked by Insider Monkey owned stakes in Jack Henry & Associates, Inc. (NASDAQ:JKHY), up from 25 in the previous quarter. These stakes have a consolidated value of over $223 million. AQR Capital Management was the company’s largest stakeholder among these hedge funds.

Follow Jack Henry & Associates Inc (NASDAQ:JKHY)

2. McCormick & Company, Incorporated (NYSE:MKC)

Consecutive Years of Dividend Growth: 37
5-Year Average Payout Ratio: 43.6%

McCormick & Company, Incorporated (NYSE:MKC) is another one of the best consistent dividend stocks on our list. The food manufacturing company has been raising its dividends consistently for the past 37 years and currently offers a per-share dividend of $0.39 every quarter. The stock has a dividend yield of 2.10%, as of February 28. The company has a healthy 5-year average dividend payout ratio of 43.6%.

In January, Bernstein upgraded McCormick & Company, Incorporated (NYSE:MKC) to Outperform with a $90 price target. The firm expects a recovery in the company’s fundamental performance over the course of 2023.

According to Insider Monkey’s Q4 2022 database, 25 hedge funds owned stakes in McCormick & Company, Incorporated (NYSE:MKC), with a total value of over $1.5 billion.

Follow Mccormick & Co Inc (NYSE:MKC)

1. Brady Corporation (NYSE:BRC)

Consecutive Years of Dividend Growth: 37
5-Year Average Payout Ratio: 38.6%

Brady Corporation (NYSE:BRC) is an American manufacturing company that deals in specialty products and technical equipment. The company offers a quarterly dividend of $0.23 per share and has a dividend yield of 1.68%, as of February 28. This consistent dividend stock has raised its payouts for 37 years in a row. Moreover, its five-year average payout ratio came in at 38.6%.

At the end of Q4 2022, 14 hedge funds tracked by Insider Monkey owned investments in Brady Corporation (NYSE:BRC), up from 11 in the previous quarter. The stakes owned by these hedge funds have a total value of $95.7 million.

Follow Brady Corp (NYSE:BRC)

You can also take a look at 12 Best AI Stocks for 2023 and 15 Best Oil Stocks to Buy

Follow Insider Monkey on Twitter

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

I’ve compiled everything you need to know about this groundbreaking company in a detailed, members-only report.

Trust me — you’ll want to read this report before putting another dollar into any tech stock.

For a ridiculously low price of just $9.99 a month, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s what to do next:

1. Subscribe to our Premium Readership Newsletter for just $9.99 a month. (33% Off – was $14.99).

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

<b>Cancel anytime.</b> Turn off auto-renewal via our website with just a click.

 

Buy This $3 Stock Now Before the 400% Surge Begins

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

My name is Inan Dogan. I’m the co-founder and Research Director of Insider Monkey. I have an important message for you today.

Since March 2017, my stock picks have returned 16.5% annually. Today, I’ve found an opportunity even bigger than my British American Tobacco call.

Two years ago, Wall Street wrote off British American Tobacco (BTI) as a “melting ice cube.” The stock had crashed 40% from its peak, and consensus said the business was dying.

We looked under the cover and realized they were wrong.

We alerted our subscribers, and BTI returned 90% in just 16 months.

Now if you had invested just $10,000 in BTI in June 2024, you’d be sitting on $19,000 in October 2025.

Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

While the market panics over a surface-level revenue decline, our PhD-led research shows management has actually surgically cut $100 million in waste to focus on high-margin growth.

This pattern is a hallmark of our 16.5% annual return track record. The current opportunity offers a 400% upside potential—dwarfing even our 90% BTI return.

Get the ticker for our new “Underdog” pick and the full BTI case study for just 99 cents.

This exclusive offer is for NEW newsletter subscribers ONLY! Join our Premium Readership Newsletter for only $0.99 and become part of a savvy investor community.!

This offer vanishes in 7 days, so don’t miss your chance to lock in market beating returnsSign up NOW! The monthly newsletter comes with a 30-day, no-risk money-back guarantee. This offer is available to the first 1000 new investors who respond.

Regular price $9.99/mo. Cancel anytime.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $0.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Regular price $9.99/mo. Cancel anytime.