Who doesn’t love raises?

Investing in dividend aristocrats increasing the likelihood of annual dividend increases, not just quarterly payments.

I came across this great arti­cle on the Kiplinger finance site, 12 Dividend Aristocrats for Every Month of the Year.

It lists 12 com­pa­nies and shares some of their div­i­dend his­to­ry. As a group, you’ll get div­i­dend pay­ments every month. Getting paid every month, helps with bud­get­ing and cash flow for sure. Though I like it most because you get to cel­e­brate hav­ing your mon­ey work­ing for you every month.

One thing, sur­pris­ing­ly, the arti­cle left out was which month the com­pa­nies usu­al­ly raise their div­i­dends — because get­ting those rais­es (in addi­tion to the rais­es from div­i­dend rein­vest­ments) is real­ly fun.

In my mind, fun = moti­vat­ing, and I want to share as much as I can to help peo­ple stay moti­vat­ed on their wealth build­ing jour­ney. It’s so easy to spend mon­ey rather than save it, long term ben­e­fits don’t light us up the way short term ones do (like eat­ing a can­dy bar vs. eat­ing healthy).

In any case, I’m going to share the list of stocks and when they announce their annu­al raise (note, this is dif­fer­ent than when they pay their first increased div­i­dend pay­ment — I cel­e­brate the announce­ment because once it’s announced, it’s defin­i­tive and I’ve got­ten a raise). Please make sure to check out the orig­i­nal arti­cle for more infor­ma­tion on each com­pa­ny and some brief stats on their div­i­dend and div­i­dend his­to­ry:

  1. Walmart ($WMT): February
  2. AT&T ($T): October
  3. ExxonMobil ($XOM): April
  4. Medtronic ($MDT): June
  5. Procter & Gamble ($PG): April
  6. Johnson & Johnson ($JNJ): April
  7. Ecolab ($ECL): December
  8. Abbott Laboratories ($ABT): December
  9. Chevron ($CVX): October
  10. Illinois Tool Works ($ITW): August
  11. Lowe’s ($LOW): May
  12. Coca-Cola ($KO): February

It’s a great list, though I’d per­son­al­ly get start­ed with just 3 com­pa­nies, which would still get pay­ments in all 12 months (because each com­pa­ny pays a div­i­dend quar­ter­ly). Starting with 3 com­pa­nies would allow me (or you) to learn more about your invest­ments more eas­i­ly than start­ing with 12.

If you’re just get­ting start­ed, you may notice that some of these com­pa­nies are quite expen­sive. Remember, you can use Stockpile to invest a dol­lar amount. Using Stockpile you could, for exam­ple, start with $50 in each com­pa­ny, even if a company’s share price is high­er than $50. I high­ly rec­om­mend Stockpile and use it for myself and my kids. Remember, they’ll even give you $5 to get start­ed for the moment.

Of course, if you want to under­stand how to use rais­es to devel­op good wealth build­ing habits, please sign up for my free email course — Money Making Money:

Money Making Money

I wrote a free email course specif­i­cal­ly for peo­ple who want to get start­ed invest­ing. In it, I will teach you how to get start­ed with as lit­tle as $10 using Stockpile, and then walk you through my unique met­rics designed for you to have fun and stay moti­vat­ed to build a healthy invest­ing habit. 

Course atten­dees can down­load a spread­sheet tem­plate that I’ve cre­at­ed to high­light these met­rics. I even share a tuto­r­i­al that you can use to set­up your own track­er.

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