15 companies that have rewarded long-term -2-

   Morgan Stanley                    MS                    21.5%                                           8.49%                                           10.78%                   3.83%                       3.21%                        1.17% 
   Home Depot Inc.                   HD                    10.6%                                           3.86%                                           10.08%                   2.43%                       2.33%                        2.11% 
   Regions Financial Corp.           RF                    10.0%                                           6.25%                                            9.80%                   4.48%                       3.87%                        1.96% 
   UnitedHealth Group Inc.          UNH                    14.2%                                           3.61%                                            9.63%                   1.40%                       1.86%                        1.72% 
                                                                                                                                                                                                                                   Source: FactSet 

Five companies appear on both lists: Morgan Stanley (MS), Broadcom Inc. (AVGO), Regions Financial Corp. (RF), Extra Space Storage Inc. (EXR) and Best Buy Co. (BBY).

The 15 companies on the two lists have tended to be good overall performers. Since this article focuses on the growth of dividend payouts, here are five-year and 10-year price changes for the 15 stocks, excluding dividends, as well as total returns with dividends reinvested. This combined list of the two groups of high-dividend compounders is sorted by five-year price changes (again, adjusted for any splits). Price changes and returns for the S&P 500 are at the bottom:

   Company                         Ticker   5-year price change  10-year price change  5-year total return  10-year total return 
   Monolithic Power Systems Inc.    MPWR                   454%                1,754%                 476%                1,936% 
   Broadcom Inc.                    AVGO                   403%                1,565%                 488%                2,058% 
   Steel Dynamics Inc.              STLD                   253%                  362%                 294%                  476% 
   Lam Research Corp.               LRCX                   215%                  916%                 236%                1,070% 
   UnitedHealth Group Inc.          UNH                    158%                  587%                 178%                  696% 
   Morgan Stanley                    MS                    122%                  181%                 160%                  267% 
   Goldman Sachs Group Inc.          GS                    117%                  160%                 145%                  216% 
   Fastenal Co.                     FAST                   109%                  196%                 139%                  288% 
   Kroger Co.                        KR                    103%                  102%                 126%                  144% 
   Snap-on Inc.                     SNA                     74%                  120%                  99%                  175% 
   Home Depot Inc.                   HD                     59%                  316%                  80%                  425% 
   Texas Instruments Inc.           TXN                     57%                  316%                  81%                  445% 
   Extra Space Storage Inc.         EXR                     53%                  234%                  83%                  376% 
   Best Buy Co. Inc.                BBY                     40%                  198%                  67%                  318% 
   Regions Financial Corp.           RF                     39%                  119%                  71%                  206% 
   S&P 500                          SPX                     84%                  175%                 100%                  231% 
                                                                                                                 Source: FactSet 

Among these 15 companies:

Nine beat the S&P 500's five-year price change through Tuesday.Eleven beat the S&P 500's 10-year price change.Nine beat the S&P 500's total return with dividends reinvested.Eleven beat the S&P 500's total return with dividends reinvested.

As always, past performance guarantees nothing. A stock screen in a tool that might be useful as part of your own research. You should form your own opinion before investing in any company. Ask yourself how likely the company is to remain competitive over the next decade, at least. A good way to begin the research process is to click on the tickers.

Click here for Tomi Kilgore's guide to the wealth of information available for free on the MarketWatch quote page.

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-Philip van Doorn

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09-14-24 0602ET

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