At Reaves, we believe one signal of a company’s strength and the durability of its future earnings is the pace of dividend growth. Each quarter, we post the annual rate of change in the quarterly dividend payment for each stock held in our Long Term Value Strategy1.
Of the 26 stocks owned as of 6/30/23, 22 increased their dividend from a year ago and three maintained the same payment. The weighted average dividend increase of 12.0% was skewed higher by the 100% increase in Constellation Energy’s dividend. The adjusted increase, excluding Constellation, was 6.8%.