4 Consumer Stocks Likely To Raise Their Dividends Soon

Includes: CL, KMB, KO, PG
by: Stephen Rosenman

Kimberly Clark (NYSE:KMB) announced it will raise its dividend by a "mid-single" digit rate this April. You easily could have predicted that: Kimberly is so consistent. You can time your watch by their yearly dividend boost. They've been doing that for 40 consecutive years. Kimberly Clark currently pays 3.88%, attractive even without an increase.

Likewise, although nothing has yet been said, Procter & Gamble (NYSE:PG), Colgate Palmolive (NYSE:CL), and Coca-Cola (NYSE:KO) are all due for their annual dividend increases. Unless something drastic happens, all three are likely to give shareholders more money.

Procter has raised its dividend 55 consecutive years at an average 9.5% rate. Its announcement usually hits in April, payable in May. Procter already pays 3.31%.

Colgate has the same dividend-bumping commitment. Last February, it announced a 9% raise. Expect a nice boost this year as well. It's become the fabric of the company: Anything less would be out of character for this perennial dividend payer! Colgate right now pays 2.54%.

Coca-Cola is due to announce its 50th consecutive annual dividend increase. Last year, the company raised its dividend by 7%. Coca-Cola reports its year-end earnings tomorrow. Most likely, they will report an increase the following week--that's their pattern. Coca-Cola pays 2.76%.

Disclosure: I am long PG, KMB.

Disclaimer: The opinions in this document are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned. Past performance of the companies discussed may not continue and the companies may not achieve the earnings growth as predicted. The information in this document is believed to be accurate, but under no circumstances should a person act upon the information contained within. We do not recommend that anyone act upon any investment information without first consulting an investment advisor as to the suitability of such investments for his specific situation.