Let’s talk about companies that are serious about dividend hikes. I’m talking about recent payout raises of 25%, 67% and even 120%.
Know what happens to a stock that raises its dividend like this? Its shares skyrocket.
Consider Graco (GGG), a company that specializes in fluid-handling systems, serving everyone from homeowners and contractors to industrial and manufacturing businesses. Graco.com delivers one of the most beautifully boring boasts we’ll ever read, showing us the many mundane ways GGG has become a fixture in our lives:
“We pump peanut butter into your jar, and the oil in your car. We glue the soles of your shoes, the glass in your windows and pump the ink onto your bills.
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