
Dividend growth investing and cyclicals: Fortescue Metals (ASX:FMG)
Fortescue has a whopping 19.91% dividend yield, though a -5.79% Chowder Number. Let’s see why cyclicals don’t work well with dividend growth investing
Know what you own, and know why you own it.
Peter Lynch
Fortescue has a whopping 19.91% dividend yield, though a -5.79% Chowder Number. Let’s see why cyclicals don’t work well with dividend growth investing
GUD Holdings Limited (ASX: GUD) comes in at number three on the dividend growth investing list with a super-impressive 15.15% Chowder Number at a reasonable valuation.
APA is fourth on the ASX dividend growth investing list. It pays a 5.95% yield, expected earnings growth of 8.79%, and has an exciting 14.75% Chowder Number.
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Data#3 Limited has surfed the IT enterprise revolution to come in fifth on the Dividend Growth Investing list with a stellar 14.47% Chowder Number.
Washington H. Soul Pattinson (ASX: SOL) is almost a dividend aristocrat and has increased its dividend for 21 years – the longest consecutive streak of the ASX.
Pacific Current (ASX:PAC) is a fund of funds, coming in at #6 on the dividend growth investing list with 13.60% Chowder Number.
Baby Bunting (ASX: BBN) has developed a reputation as a quality growth business with reasonable dividends. BBN comes in at #7 with 12.87% Chowder Number.
Inghams Group (ASX: ING) has had a volatile dividend history and is currently paying 4.78% fully franked or 6.82% gross. Analysts are predicting an FY23 forward dividend yield of 5.8%, and earnings per share (EPS) growth of 8.07%. This gives ING an impressive 12.85% Chowder Number, at arguably a reasonable valuation.
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