3 Dividend Growth Stocks For 2020

As 2020 starts, I like to look ahead and think about some dividend growth stocks for the New Year. But before I proceed, let’s first take a look at how I did from my last New Year’s quick picks. Last year, I suggested 3M Company (MMM), Illinois Tool Works (ITW), United Parcel Service (UPS), and Amgen (AMGN). Three out of my four picks were up in 2019. The total return for 3M Company was negative for 2019. In fact, the stock was one of three Dow Jones stocks with negative returns in 2019. However, Illinois Tool Works was up ~45%, United Parcel Service was up ~24%, and Amgen was up ~27%. This is not bad in absolute terms. For astute investors, the returns could have been even better if they took advantage of the price dips in mid-Summer.

Please read the complete article at my profile on Seeking Alpha.

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