The market has been beating down consumer staple stocks lately, which shouldn’t exactly be a surprise to my fellow dividend growth investors. Lanny detailed this trend last month in his infamous “Battle of the Consumer Staple Stocks,“ ultimately showing how some of the best consumer staple stocks are trading at a nice discount. The trend has still continued to this day, which is great because I love consumer staple stocks. This was probably evidenced by the fact that I purchased P&G twice in April! I’m back on the lookout for another purchase as I have some capital to deploy. With the introduction I have written, it shouldn’t be a surprise, but my watch list is going to be heavily focused in consumer staples sector. Let’s check out the four companies on my May Dividend Stock Watch List.
All, I am very proud to say this, but this article series has come around full circle. One of the very first articles we wrote on this blog was about Dividend Aristocrats that were expected to announce a dividend increase during June, 2014. This article will represent our 12th summary and you know what that means, our website is getting ready to celebrate its one year anniversary! As a refresher, this monthly article series stemmed out of a love that me, Lanny, and many other dividend growth investors share….increasing dividends! So much so that it turned into a game as we would try our best to predict the increase that would be announced. While the game was fun, it was centered around the central idea that dividend growth is crucial for any DGI portfolio so that we can build a steady, growing income stream. Without the growth, our income stream would begin to lose its purchasing power annually as the growth in inflation would slowly erode the value of the income stream. With that being said, lets take a look at the first article in Year 2 and see which dividend Aristocrats are expected to announce a dividend increase in May.