Dividend stocks provide steady passive income during volatile markets. Four companies have announced growth plans that should support increasing payouts through the end of the decade.
Wall Street analysts identified these dividend payers based on financial strength and clear roadmaps for shareholder returns. Each company operates in different sectors but shares a commitment to growing distributions.
Chevron revealed its five-year strategy on November 12 during Investor Day. The oil company has raised dividends for 38 straight years through early 2025.
The energy giant will increase oil production 2% to 3% annually. Adjusted earnings per share and free cash flow should grow over 10% per year at $70 oil prices.
Chevron committed to maintaining dividends even if crude falls below $50 per barrel. The company also plans up to $20 billion in annual share buybacks.
Capital spending will decline after the $53 billion Hess acquisition closes. Lower expenses mean more cash available for shareholders at the current 4.5% yield.
Brookfield Asset Management launched in December 2022 through a spinoff. Investors who put $10,000 into shares at formation and reinvested dividends now hold $18,000.
Brookfield Asset Management Ltd., BAM
The asset manager controls over $1 trillion across 50 countries in infrastructure, renewable energy, real estate, private equity, and credit. Fee-based capital makes up more than half of assets under management.
These fees generate recurring revenue that funds distributions. Management expects to double the business in five years while growing distributable earnings 18% annually through 2030.
AI data centers and clean energy transitions should drive growth. This positions the company to raise dividends each year for new investors.
Enterprise Products Partners pays a 6.9% distribution supported by steady cash generation. The pipeline operator has increased payouts for 27 consecutive years.
Enterprise Products Partners L.P., EPD
Cash flows have covered distributions by at least 1.5 times since 2018. Long-term contracts with 90% including inflation escalation clauses protect earnings.
Nearly $5 billion in capital projects will start operations by end of 2026. New facilities will boost cash flows while spending decreases from 2026 forward.
The combination creates substantial excess cash for distribution increases. Enterprise Products Partners ranks among the largest US midstream energy companies.
Waste Management has grown dividends for 22 years at an 8% annual rate. A decade-long investment would have returned five times the initial amount.
The waste services leader recently acquired Stericycle to expand healthcare solutions. This business should drive most of the expected 9% annual revenue growth through 2027.
Management projects nearly $10 billion in free cash flow between 2025 and 2027. Strong cash generation supports continued dividend raises despite the current 1.6% yield.
The company provides essential services that generate stable revenue regardless of economic conditions. This recession-resistant model protects dividend payments during downturns.
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