Tuesday, January 28, 2025

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)

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

(Patrick T. Fallon/Getty Images)

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 LLPJohn 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 ProgressRahm 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 LLPJohn 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 LLPJohn 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 LLPJohn 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

https://thesteadydrip.blogspot.com/2024/02/standard-and-poors-connecting-dots.html

No comments: