Like most stocks, dividend stocks are mainly attractive because they offer some long-term growth potential. But it’s the regular income payouts that tend to offer a more immediate impact on investors’ portfolios.
Dividend Aristocrats, which are members of the S&P 500 that have raised their annual payouts for at least 25 consecutive years, often get special investor attention because their long-term payout discipline has proven their intention (and ability) to keep rewarding investors with higher quarterly payments with each passing year.
There isn’t necessarily a right time to buy into a Dividend Aristocrat, But getting in before the next payout increase would seem advantageous. With that in mind, let’s look at two members of this club, Colgate-Palmolive (NYSE: CL), and Kimberly-Clark (NYSE: KMB), that are due for a dividend increase in April.