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:
- Walmart ($WMT): February
- AT&T ($T): October
- ExxonMobil ($XOM): April
- Medtronic ($MDT): June
- Procter & Gamble ($PG): April
- Johnson & Johnson ($JNJ): April
- Ecolab ($ECL): December
- Abbott Laboratories ($ABT): December
- Chevron ($CVX): October
- Illinois Tool Works ($ITW): August
- Lowe’s ($LOW): May
- Coca-Cola ($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: