Create Intergenerational Wealth With Dividend Growth Stocks (Connecting the Dots: Abbott Laboratories, Commercial Club of Chicago, FDA, CDC, S&P, McGraw Hill Financial Inc & Soros Funding, All Networking)
By Bob CiuraMonday, 27 January 2025 03:05 PM EST
https://www.newsmax.com/finance/bobciura/dividend-growth-stocks/2025/01/27/id/1196704/
Intergenerational
wealth is created when one’s investments provide not only for themselves, but
for their children, grandchildren, and beyond. Unfortunately, the skills that
it takes to build and maintain a growing investment portfolio are typically not
transferred with an inheritance.
The
good news is that quality dividend growth stocks can generate long-term wealth
that lasts through the generations. The following 3 dividend growth stocks
should continue to raise their dividends for decades to come. In this way,
these 3 dividend growth stocks could produce intergenerational wealth.
NextEra
Energy (NEE)
NextEra
Energy is an electric utility with two operating segments, Florida Power &
Light (“FPL”) and NextEra Energy Resources (“NEER”). FPL is the largest U.S.
electric utility by retail megawatt hour sales and customer numbers.
The
rate-regulated electric utility serves about 5.9 million customer accounts in
Florida. NEER is the largest generator of wind and solar energy in the world.
NEE was founded in 1925. NEE generates roughly 80% of its revenues from FPL.
NextEra
Energy reported its Q3 2024 financial results on 10/23/24. For the quarter, the
company reported revenues of $7.6 billion (up 5.5% year over year), translating
to adjusted earnings of $2.1 billion (up 11% year over year). On a per share
basis, adjusted earnings climbed 10% to $1.03.
The
utility added ~3 GW of new renewables and storage projects to its backlog,
including ~1.4 GW of solar and ~1.4 GW of battery storage, bringing its backlog
to over 24 GW.
Year
to date, it generated operating revenue of $19.4 billion (down 8.8% year over
year), adjusted earnings of $6.0 billion (up 11%), and adjusted earnings per
share (“EPS”) of $2.90 (up 9%).
NEE
has increased its dividend for 29 consecutive years.
S&P
Global Inc. (SPGI)
S&P
Global is a worldwide provider of financial services and business information
and revenue of over $13 billion. Through its various segments, it provides
credit ratings, benchmarks and indices, analytics, and other data to commodity
market participants, capital markets, and automotive markets.
S&P Global has paid dividends continuously
since 1937 and has increased its payout for 51 consecutive years.
S&P
Global posted third quarter earnings on October 24th, 2024, and results were
quite strong once again. Adjusted earnings-per-share came to $3.89, which was
25 cents ahead of estimates. Earnings were down from $4.04 in Q2, but much
higher than $3.21 in the year-ago period.
Revenue
soared 16% higher year-on-year to $3.58 billion, which also beat estimates by
$150 million. Growth in the Ratings and Indices segment led the top line higher
in Q3, although strength was broad.
S&P
Global has grown consistently since the financial crisis, boosting revenue and
operating margins on a regular basis, with recent results showing a
continuation of this trend. We think S&P Global will see a tailwind from
its buyback, as well as high-single digit revenue gains, and some measure of
margin expansion to get to our target of 12% earnings-per share growth annually
in the coming years.
The
most important feature of S&P Global is its strong competitive position. It
operates in the highly concentrated financial ratings industry where the three
well-known rating agencies control over 90% of global financial debt ratings.
SPGI
has increased its dividend for 51 years, making it a Dividend King.
Abbott Laboratories (ABT)
Abbott
Laboratories, founded in 1888, is one of the largest medical appliances &
equipment manufacturers in the world, comprised of four segments: Nutrition,
Diagnostics, Established Pharmaceuticals and Medical Devices.
In
the most recent quarter, the company produced $10.6 billion in sales (60.5%
outside of the U.S.), which represented a 4.9% improvement compared to the
third quarter of 2023 and was $90 million more than expected. Adjusted
earnings-per share of $1.21 compared to $1.14 in the prior year and was $0.01
ahead of estimates.
With
its strong position in growth markets such as diagnostics, where Abbott
Laboratories is the market leader in point-of care diagnostics - and
cardiovascular medical devices, Abbott Laboratories should be able to generate
attractive long-term growth.
Abbott
Laboratories’ dividend payout ratio has never been above 50% throughout the
last decade. Coupled with the fact that the company’s earnings-per-share did
not decline during the last financial crisis – it actually continued to grow
Abbott Laboratories’ dividend looks very safe.
ABT
has increased its dividend for 52 consecutive years.
Connecting
the Dots:
William M. Daley was a director
at Abbott Laboratories, the chief of staff for the Barack
Obama administration and is a member of the Commercial Club of
Chicago.
Rahm I. Emanuel was the
White House chief of staff for the Barack Obama administration, is
a member of the Commercial Club of Chicago and Ezekiel Emanuel’s
brother.
Barack Obama was the
president for the Barack Obama administration and an intern
at Sidley Austin LLP.
Michelle Obama was a lawyer
at Sidley Austin LLP.
Newton N. Minow is a senior
counsel at Sidley Austin LLP and a member of the Commercial
Club of Chicago.
R. Eden Martin is counsel
at Sidley Austin LLP and the president of the Commercial
Club of Chicago.
Sally Blount is
a member of the Commercial Club of Chicago and a director at Abbott
Laboratories.
W. James Farrell is a member
of the Commercial Club of Chicago and a director at Abbott
Laboratories.
Edward M. Liddy is a member
of the Commercial Club of Chicago and a director at Abbott
Laboratories.
William A. Osborn is a member
of the Commercial Club of Chicago and a director at Abbott
Laboratories.
Samuel C. Scott
III is
a member of the Commercial Club of Chicago and a director at Abbott
Laboratories.
Glenn F. Tilton is a member
of the Commercial Club of Chicago and a director at Abbott
Laboratories.
Miles D. White is a member
of the Commercial Club of Chicago and the chairman & CEO
for Abbott Laboratories.
Christopher B.
Begley is
a member of the Commercial Club of Chicago and was the SVP
for Abbott Laboratories.
Jack M. Greenberg is a member
of the Commercial Club of Chicago and was a director at Abbott
Laboratories.
Robert L.
Parkinson Jr. is
a member of the Commercial Club of Chicago and was the president
& COO for Abbott Laboratories.
William D.
Smithburg is
a member of the Commercial Club of Chicago and was a director
at Abbott Laboratories.
Newton N. Minow is a member
of the Commercial Club of Chicago and a senior counsel at Sidley
Austin LLP.
R. Eden Martin is the
president of the Commercial Club of Chicago and counsel at Sidley
Austin LLP.
Barack
Obama was an intern at Sidley Austin LLP.
Michelle Obama was a lawyer
at Sidley Austin LLP.
Cameron F. Kerry is a senior
counsel at Sidley Austin LLP, John F. Kerry’s brother
and a fellow at the Brookings Institution (think tank).
Foundation to Promote Open Society was a funder for the Brookings Institution
(think tank) and the Center for American Progress.
George Soros was the chairman for the Foundation to Promote
Open Society and a supporter for the Center for American Progress.
Ezekiel Emanuel is a senior fellow at the Center for American
Progress, Rahm I. Emanuel’s brother, a founding chair of
the Department of Bioethics for the National Institutes of Health (NIH)
and
the former Director of the Office of Management and Budget in the Barack
Obama Administration.
Tom Daschle is the
chairman for the Center for American Progress, a
nominee for health and human services secretary for the Barack Obama
administration and was a special policy adviser at Alston &
Bird.
Alston & Bird was the lobby
firm for Abbott Laboratories.
Thomas F. Chen was the SVP
for Abbott Laboratories and is a director at Baxter
International Inc.
James R. Gavin III is a director
at Baxter International Inc. and was a staff associate for
the National Institutes of Health (NIH).
Ezekiel Emanuel is a
founding chair of the Department of Bioethics for the National
Institutes of Health (NIH) and Rahm I. Emanuel’s brother.
Robert L.
Parkinson Jr. is
the chairman & CEO for Baxter International Inc., a member of
the Commercial Club of Chicago and was the president & COO
for Abbott Laboratories.
R. Eden Martin is the
president of the Commercial Club of Chicago and counsel at Sidley
Austin LLP.
Newton N. Minow is a member
of the Commercial Club of Chicago and a senior counsel at Sidley
Austin LLP.
Barack Obama was an
intern at Sidley Austin LLP.
Michelle Obama was a lawyer
at Sidley Austin LLP.
Cameron F. Kerry is a senior
counsel at Sidley Austin LLP, John F. Kerry’s brother
and a fellow at the Brookings Institution (think tank).
Foundation
to Promote Open Society was a funder for the Brookings
Institution (think tank).
George
Soros was
the chairman for the Foundation to Promote Open Society.
Mark B. McClellan was a senior
fellow at the Brookings Institution (think tank) and a
commissioner for the U.S. Food and Drug Administration (FDA).
Cyrus F. Freidheim
Jr. is
an honorary trustee at the Brookings Institution (think tank) and
a member of the Commercial Club of Chicago.
Sally Blount is
a member of the Commercial Club of Chicago and a director at Abbott
Laboratories.
W. James Farrell is a member
of the Commercial Club of Chicago and a director at Abbott
Laboratories.
Edward M. Liddy is a member
of the Commercial Club of Chicago and a director at Abbott
Laboratories.
William A. Osborn is a member
of the Commercial Club of Chicago and a director at Abbott
Laboratories.
Samuel C. Scott
III is
a member of the Commercial Club of Chicago and a director at Abbott
Laboratories.
Glenn F. Tilton is a member
of the Commercial Club of Chicago and a director at Abbott
Laboratories.
Miles D. White is a member
of the Commercial Club of Chicago and the chairman & CEO
for Abbott Laboratories.
Christopher B.
Begley is
a member of the Commercial Club of Chicago and was the SVP
for Abbott Laboratories.
Jack M. Greenberg is a member
of the Commercial Club of Chicago and was a director at Abbott
Laboratories.
Robert L.
Parkinson Jr. is
a member of the Commercial Club of Chicago and was the president
& COO for Abbott Laboratories.
William D.
Smithburg is
a member of the Commercial Club of Chicago and was a director
at Abbott Laboratories.
Newton N. Minow is a member
of the Commercial Club of Chicago and a senior counsel at Sidley
Austin LLP.
R. Eden Martin is the
president of the Commercial Club of Chicago and counsel at Sidley
Austin LLP.
Barack Obama was an
intern at Sidley Austin LLP.
Michelle Obama was a lawyer
at Sidley Austin LLP.
Cameron F. Kerry is a senior
counsel at Sidley Austin LLP, John F. Kerry’s brother
and a fellow at the Brookings Institution (think tank).
Foundation
to Promote Open Society was a funder for the Brookings
Institution (think tank).
George
Soros was
the chairman for the Foundation to Promote Open Society and is the
founder & chairman for the Open Society Foundations.
Open
Society Foundations was a funder for the Atlantic Council of
the United States (think tank).
Robert Jeffrey is a director at
the Atlantic Council of the United States (think tank) and was a
board member for the CDC Foundation.
CDC Foundation is a
foundation for the Centers for Disease Control and Prevention (CDC).
Amy Robbins Towers is a board
member for the CDC Foundation, a director at the Human
Rights Watch, was a director at the Millennium Promise and
married to Larry Robbins.
Open
Society Foundations was a funder for the Human Rights Watch.
George
Soros is
the founder & chairman for the Open Society Foundations, was
the chairman for the Foundation to Promote Open Society and a
benefactor for the Human Rights Watch.
Foundation
to Promote Open Society was a funder for the Human Rights Watch,
the Millennium Promise and the Robin Hood Foundation.
Larry Robbins was married
to Amy Robbins Towers and is a director at the Robin
Hood Foundation.
Michael R. Bloomberg was a donor for the Robin Hood Foundation and is the founder of the Bloomberg Family Foundation.
Bloomberg Family
Foundation was
a funder for the CDC Foundation and the
the Aspen
Institute (think tank).
Foundation
to Promote Open Society was a funder for the Aspen
Institute (think tank).
George
Soros
was the chairman for the Foundation to Promote Open Society.
Lester Crown was a
lifetime trustee at the Aspen Institute (think tank) and is a
member of the Commercial Club of Chicago.
James S. Crown is and the
vice chairman for the Aspen Institute (think tank) and a member of
the Commercial Club of Chicago.
Sally Blount is
a member of the Commercial Club of Chicago and a director
at Abbott Laboratories.
W. James Farrell is a member
of the Commercial Club of Chicago and a director at Abbott
Laboratories.
Edward M. Liddy is a member
of the Commercial Club of Chicago and a director at Abbott
Laboratories.
William A. Osborn is a member
of the Commercial Club of Chicago and a director at Abbott
Laboratories.
Samuel C. Scott
III is
a member of the Commercial Club of Chicago and a director
at Abbott Laboratories.
Glenn F. Tilton is a member
of the Commercial Club of Chicago and a director at Abbott
Laboratories.
Miles D. White is a member
of the Commercial Club of Chicago and the chairman & CEO
for Abbott Laboratories.
Christopher B.
Begley is
a member of the Commercial Club of Chicago and was the SVP
for Abbott Laboratories.
Jack M. Greenberg is a member
of the Commercial Club of Chicago and was a director at Abbott
Laboratories.
Robert L.
Parkinson Jr. is
a member of the Commercial Club of Chicago and was the
president & COO for Abbott Laboratories.
William D.
Smithburg is
a member of the Commercial Club of Chicago and was a director
at Abbott Laboratories.
Newton N. Minow is a member
of the Commercial Club of Chicago and a senior counsel at Sidley
Austin LLP.
R. Eden Martin is the
president of the Commercial Club of Chicago and counsel at Sidley
Austin LLP.
Barack Obama was an
intern at Sidley Austin LLP.
Michelle Obama was a lawyer
at Sidley Austin LLP.
Cameron F. Kerry is a senior
counsel at Sidley Austin LLP, John F. Kerry’s brother
and a fellow at the Brookings Institution (think tank).
Foundation
to Promote Open Society was a funder for the Brookings
Institution (think tank).
George
Soros was
the chairman for the Foundation to Promote Open Society.
Susan E. Rice was a senior
fellow at the Brookings Institution (think tank), the former U.S.
ambassador to UN for the Barack Obama administration, the White
House national security adviser for the Barack Obama administration and Lois
Dickson Fitt’s daughter.
Lois Dickson Fitt was a guest
scholar at the Brookings Institution (think tank), a director
at McGraw Hill Financial Inc and is Susan E. Rice’s mother.
Standard &
Poor's (S&P)
is a subsidiary of McGraw Hill Financial Inc.
Douglas L.
Peterson was
the president of Standard & Poor's and is the president &
CEO for McGraw Hill Financial Inc.
Standard &
Poor's is
a subsidiary of McGraw Hill Financial Inc.
D. Edward I. Smyth is the EVP
for the McGraw Hill Financial Inc. and was the SVP for the H.J.
Heinz Co.
H. John Heinz III was the heir
to the H.J. Heinz Co. and married to Teresa Heinz Kerry.
Teresa Heinz Kerry was married
to H. John Heinz III, is married to John F. Kerry, Cameron
F. Kerry’s sister-in-law and an honorary trustee at the Brookings
Institution (think tank).
Foundation
to Promote Open Society was a funder for the Brookings
Institution (think tank).
George
Soros was
the chairman for the Foundation to Promote Open Society.
Cameron F. Kerry is a fellow
at the Brookings Institution (think tank), Teresa Heinz Kerry’s
brother-in-law, John F. Kerry’s brother and a senior counsel
at Sidley Austin LLP.
Barack Obama was
an intern at Sidley Austin LLP.
Michelle Obama was
a lawyer at Sidley Austin LLP.
Newton N. Minow is
a senior counsel at Sidley Austin LLP and a member of the Commercial
Club of Chicago.
R. Eden Martin is
counsel at Sidley Austin LLP and the president of the Commercial
Club of Chicago.
Sally Blount is a member of the Commercial Club of Chicago and
a director at Abbott Laboratories.
W. James Farrell is
a member of the Commercial Club of Chicago and a director
at Abbott Laboratories.
Edward M. Liddy is
a member of the Commercial Club of Chicago and a director
at Abbott Laboratories.
William A. Osborn is
a member of the Commercial Club of Chicago and a director
at Abbott Laboratories.
Samuel C. Scott
III is a member of the Commercial Club of Chicago and
a director at Abbott Laboratories.
Glenn F. Tilton is
a member of the Commercial Club of Chicago and a director
at Abbott Laboratories.
Miles D. White is
a member of the Commercial Club of Chicago and the chairman
& CEO for Abbott Laboratories.
Christopher B.
Begley is a member of the Commercial Club of Chicago and
was the SVP for Abbott Laboratories.
Jack M. Greenberg is
a member of the Commercial Club of Chicago and was a director
at Abbott Laboratories.
Robert L.
Parkinson Jr. is a member of the Commercial Club of Chicago and
was the president & COO for Abbott Laboratories.
William D.
Smithburg is a member of the Commercial Club of Chicago and
was a director at Abbott Laboratories.
Resources:
Past Research
Abbott
Labs Is Buying St. Jude Medical for $25 Billion (Past
Research on Abbott Laboratories)
Friday,
April 29, 2016
https://thesteadydrip.blogspot.com/2016/04/abbott-labs-is-buying-st-jude-medical.html
Hours
After John Kerry Demands Green Transition Accelerated – His Emissions Closet
Swings Wide Open (Connecting the Dots: Cameron Kerry, John Kerry, Teresa Heinz
Kerry, Soros, the Climate Reality Project, the Brookings Institution (think
tank), the EPA and onto the FDA, Pfizer & Johnson & Johnson. It’s the
Network That Never Ends. One Project (Climate Change) Just bleeds into the Next
(Covid Project)) (Past Research on Cameron Kerry)
Thursday,
July 21, 2022
https://thesteadydrip.blogspot.com/2022/07/hours-after-john-kerry-demands-green.html
As
a baby formula shortage worsens, Abbott says it can get some product back on
store shelves in July (Connecting the Dots with Soros, the CDC, FDA &
Abbott Laboratories) (Past Research on Abbott
Laboratories)
Friday,
May 13, 2022
https://thesteadydrip.blogspot.com/2022/05/as-baby-formula-shortage-worsens-abbott.html
CDC
Director Announces Organization Changes for Faster Response to Health Threats
(Connecting the Dots: CDC & Soros Funded Think Tanks) (Past Research on the CDC)
Thursday,
August 18, 2022
https://thesteadydrip.blogspot.com/2022/08/cdc-director-announces-organization.html
Standard
and Poor’s (Connecting the Dots: Standard & Poor's, The McGraw-Hill
Companies, John Kerry, His Wife & Brother & Soros Funding, All
Networking) (Past Research on Standard & Poor's
& The McGraw-Hill Companies)
Monday,
February 19, 2024
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