Seven dividend aristocrats that are hard to miss

Highlights

• UGI Corporation’s (NYSE: UGI) dividend yield is 2.93%. The stock returned 33.38% YTD.
• Raytheon Technologies (NYSE: RTX) has a P/E ratio of 58.31. Its dividend yield is 2.39%. The stock gained 17.54% YTD.
• Walgreens Boots Alliance, Inc’s (NASDAQ: WBA) dividend yield is 3.81%. The stock grew by 21.11% YTD.

Dividend stocks are companies that pay regular income, while dividend aristocrats are stocks that have a track record of paying dividends for over 25 years or more. Investors typically invest in such stocks for regular long-term income. Therefore, they are also called retirement stocks because people hope to earn regular income from these investments after quitting their jobs.

Here we discuss seven such stocks.

UGI Corporation (NYSE: UGI) has a market capitalization of US$9.7 billion and a P/E ratio of 10.29. The company has a dividend yield of 2.93% and an annualized dividend of US$1.38.

UGI is a holding company that provides energy services. Its revenue for the June quarter of 2021 was US$1.5 billion compared to US$1.2 billion in the same quarter the previous year. The net income was US$150 million compared to US$85 million in the year-ago period.

UGI stock closed at US$46.23 on Aug 19, 2021. It gave a 33.38% return YTD.

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Source – pixabay

Raytheon Technologies Corporation (NYSE: RTX) has a market capitalization of US$126.6 billion. Its P/E ratio is 58.31, the dividend yield is 2.39%, and the annualized dividend is US$2.04. RTX is an aerospace and defense company that provide technology products.

For the June quarter of 2021, its sales were US$15.9 billion compared to US$14.06 billion in the previous year. The net income was US$1.09 billion compared to the net loss of US$3.82 billion in the previous year’s June quarter.

RTX stock rose 17.54% YTD at the closing price of US$83.35 on Aug 19, 2021.

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McGrath RentCorp (NASDAQ: MGRC) has a P/E ratio of 17.26 and a market capitalization of US$1.66 billion. The dividend yield is 2.53%, and the annualized dividend is US$1.74.

MGRC earns revenue from renting equipment.

Its revenue was US$146 million for the June quarter of 2021 compared to US$138 million in the June quarter of 2020. The net income was US$20.6 million compared to US$22.5 million in the year-ago period. The stock grew 2.47% YTD. It closed at US$68.55 on Aug 19, 2021.

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Amcor plc (NYSE: AMCR) has a market capitalization of US$19.7 billion and a P/E ratio of 21.32. The dividend yield is 3.87%, and annualized dividend is US$0.47. AMCR is engaged in providing plastic packaging, ranging from food to household and personal care products.

The revenue for the fiscal year ended June 30, 2021, was US$12.86 billion compared to US$12.45 billion in FY 2020. The net income was US$951 million in FY 2021 compared to US$616 million in FY 2020. AMCR stock rose 8.67% YTD. It closed at US$12.4 on Aug 19, 2021.

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Cintas Corporation (NASDAQ: CTAS) is a US$40 billion company. Its P/E ratio is 38.33. The dividend yield is 0.98%, and the annualized dividend is US$3.80.

CTAS provides products and services to keep the facilities clean. The products include restroom supplies, safety products, safety training, among other items.

The revenue for the fiscal year ended May 31, 2021, was US$7.12 billion compared to US$7.09 billion in FY 2020. The net income was US$1.11 billion compared to US$876 million in FY 2020.

The stock closed at US$391.38 on Aug 19, 2021. CTAS gave a 10.85% return YTD.

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Source – pixabay 

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Walgreens Boots Alliance, Inc. (NASDAQ: WBA) has a US$41.78 billion market capitalization. Its P/E ratio is 18.3. The dividend yield is 3.81%, and the annualized dividend is US$1.91. WBA is a retail pharmacy chain with around 2100 brick-and-mortar stores in various countries.

Its sales in the quarter ended May 31, 2021, were US$34 billion compared to US$30 billion in the same quarter the previous year. The net income was US$1.17 billion compared to US$1.73 billion in the comparable quarter of 2020.

The stock grew 21.11% YTD and closed at US$47.55 on Aug 19, 2021.

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Cardinal Health, Inc. (NYSE: CAH) has a market capitalization of US$14.96 billion and a P/E ratio of 24.88. The dividend yield is 3.81% and the annualized dividend is US$1.963. CAH is a wholesale medical, pharmaceuticals and logistics provider.

Its revenue in the fiscal year ended June 30, 2021, was US$162.47 billion compared to US$152.92 billion in FY 2020. The net income was US$611 million in FY 2021 compared to the net loss of US$3.7 billion in FY 2020.

The stock closed at US$51.32 on Aug 19. It fell by 4.05% year-to-date.

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Bottomline

Dividend-paying companies are typically slow movers, and they share a portion of their income with investors. However, these are often famous, and large-cap companies and have survived the storms in the market. In addition, these firms benefit from a stable economy. Hence, the US economic recovery offers them hope of a faster rebound.