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3 Budding Dividend Growers for Retirement

These companies have put the pedal down on their regular payouts

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Parker Hannifin

Parker Hannifin NYSE:PH% Dividend Increase Since 2010: 80%
Dividend Yield: 1.8%
P/E: 16

Motion and control technology. Fluid power systems. Electrochemical controls.

If these products make you woozy with confusion, don’t worry — all you need to know is that Parker Hannifin (PH), founded in 1918, sells enough of them to haul in $13 billion in annual revenues. Parker’s operations span 48 countries and features 40 different product lines, including Airtek filters, Gold Ring valves and Pioneer adapters.

The company has managed to grow the top and bottom lines for three consecutive years, and its solid balance sheet includes $1.38 billion in cash and $390 million in free cash flow in the last reported quarter — more than enough to support its regular $64 million dividend payout.

PH’s dividend increase streak might be light at eight years, but it has been making uninterrupted quarterly payouts for 26 years. The yield is a bit paltry, but that’s been affected in part by 65% gains since its late 2011 lows. Nonetheless, Parker has been trying to keep up, improving its payout by about 80% since 2010.

Marc Bastow is an Assistant Editor at As of this writing he does not hold a position in any of the aforementioned securities.

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