Long-Term Dividend Growth And Recent Hikes: Johnson & Johnson, Oshkosh, And ManpowerGroup

For income-focused investors, companies with a long track record of consistent dividend growth are particularly appealing. In this piece, we highlight three companies—Johnson & Johnson, Oshkosh, and ManpowerGroup—that have recently announced dividend hikes and continue offering attractive yields.

Johnson & Johnson

Johnson & Johnson JNJ is the world’s largest and most diverse health care firm. It has two divisions: pharmaceutical and medical devices. These now represent all of the company’s sales following the divestment of the consumer business, Kenvue, in 2023. 

In April, the company announced a 4.2% increase in the quarterly dividend, from $1.19 to $1.24 per share, or $4.96 annualized, marking the 62nd year of consecutive increases. The dividend yield is 3.40%.

Over the last 12 months, the company generated $85.64 billion in revenues and $38.47 billion in net income. 

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Oshkosh

Oshkosh OSK is the top producer of access equipment, specialty vehicles, and military trucks. It serves diverse end markets, where it is typically the market share leader in North America or, in the case of JLG aerial work platforms, a global leader. 

The company has maintained consistent dividend payments for 12 years and raised them for 11 consecutive years. Most recently, in January, the company raised its dividend by 12% to $0.46 per share, or $1.84 annualized. The annual yield on the dividend is 1.74%.

Over the last 12 months, the company generated $9.93 billion in revenues and $688.9 million in net income. 

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ManpowerGroup

ManpowerGroup Inc. MAN is engaged in providing workforce solutions and services. The company provides services that include Recruitment and Assessment, Upskilling, Reskilling, Training and Development, Career Management, Outsourcing, and Workforce Consulting. 

The company has raised its dividend for 14 consecutive years. Most recently, ManpowerGroup raised its semiannual dividend by 4.8% to $1.54 per share or $3.08 annualized. The annual yield on the dividend is 4.45%.

Over the last 12 months, the company generated $18.56 billion in revenues and $50.7 million in net income. 

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