Dividend Growth Forum

I am a relatively young retiree who relies on dividends to pay my family's expenses. I am looking for stocks with the following three characteristics:

(1) Current dividend yield of at least 4.2%.
(2) LONG-TERM expected annual dividend growth rate of at least 7%.
(3) Low business risk and recession-resistant.

I currently hold PM, BTI, MO, KMI, BIP and BEP.

Can you suggest any additions to my portfolio that meet the above criteria? I would appreciate brief explanations along with your suggestions.

Thanks in advance!

Don't know what type of account you have or what your thoughts are on REITs, but some ideas to look at include:

Digital Realty Trust (DLR) - 4.8% yield
Mattel Inc. (MAT) - 4.9% yield
Realty Income Corp. (O) - 4.8% yield
Omega Healthcare Investors (OHI) - 5.6% yield
Tupperware Corp. (TUP) - 4.2% yield
British Petroleum (BP) - 5.8% yield
Conoco Philips (COP) - 4.1% yield
BHP Billiton (BHP) - 4.4% yield

Not all of these stocks would make the 7% dividend growth rate requirement, but most are pretty close. I own all of the above except for BHP.

In addition to what you & Eric have already posted I come up with:

IRM
FCX
ESV
OKE
NE
VTR

I used trailing 5 year CAGR for the div growth and didn't take (3) into consideration

Thank you for the responses so far.

Perhaps those who respond could explain how their top picks satisfy all of the three criteria I have listed in the OP?

You might like SAFT, a regional insurance company in Massachusetts. The dividend growth isn't perfectly consistent, but over time it's pretty good.