This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Untouchable Dividend Payers

In all there's 18 companies that have been able to do this over the long haul. Actually, there's more, but there's only 18 that have been able to reduce their DPR at a 5% compound annual growth rate. Here they are in all their glory.

Remember, though, decreasing the payout ratio is only one half of the trick. Untouchables must increase their cash dividend, by a lot. By "a lot," I mean at a double-digit compound annual growth rate. Double digits might be a tad harsh on my part, since a 7% compound annual growth rate will double a long-term investor's yield in 10 years (less if they reinvest). Applying this "harsh" criteria, yields (no pun intended) the following list of Untouchables.

For the GMG Defensive Beta Fund (MPDAX), of which I am the co-portfolio manager, we own Monsanto (MON - Get Report), Deere (DE - Get Report), Caterpillar (CAT - Get Report), Disney (DIS - Get Report) and Exxon (XOM).

A note of caution to would-be Untouchable finders out there. Across a variety of financial databases we subscribe to, we found complete 10-year dividend data on just 133 of the 500 companies that comprise the S&P 500.

Companies with incomplete data were left out of my analysis. Many of them, probably, should have been because they missed making dividend payments. But incomplete data could also stem from mergers, acquisitions, divestitures and the like. This means looking carefully and piecing together data might lead to a larger list of Untouchable Dividend Payers.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Oliver Pursche is President of Gary Goldberg Financial Services, a boutique money management firm located in Suffern, NY. Additionally, Mr. Pursche is the Co-Portfolio Manager for the GMG Defensive Beta Fund, and a Founding Partner of Montebello Partners, llc. In his role as President of GGFS, and as a member of the GGFS Investment Committee, Mr. Pursche helps oversee the investment portfolio of over 2000 clients with over $500 million dollars in assets. Mr. Pursche frequently provides market and economic commentary on CNBC and Fox Business News, as well as often being interviewed by The Financial Times, US News and World Report, Thomson Reuters, Bloomberg Businessweek, and the Associated Press regarding his and the firms views on the latest market news and events. Mr. Pursche's views on the market and investment strategies have been featured in the Wall Street Journal, Investors Business Daily, Smart Money, USA Today and other national business publications. In addition to writing for, he is also a weekly contributor on and His daily market commentary can be read at or you can listen to him on weekdays at 10:00 AM.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CAT $70.50 0.00%
DIS $106.35 0.00%
DE $78.43 0.00%
MON $89.54 0.00%
AAPL $111.60 0.00%


Chart of I:DJI
DOW 17,131.86 +47.37 0.28%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,838.6430 +8.1730 0.17%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs