by Dampish10

$O, $MAIN (when it can) both fall into this category as being good sustainable dividend stocks that grow their dividends on a Quarterly basis (again $MAIN only when it can).

I’m in the middle of making a list for ‘multi-hike stocks’ but a few of these I’ve never heard of and actually look decent. I’m just wondering if anyone knew about these before or if they avoided them? Just wondering why they aren’t brought up more often.

$PAG – Penske Automotive Group

Automotive Dealership, Car Shop Owner (U.S. Germany, U.K., Australia, etc.)

• Leverage ratio: 1
• % of sales by segment:
  – Retail: 62%
  – Non-Automotive Invest: 20%
  – Retail Commercial Truck: 15%
  – Australia Power Trucks: 3%
• 9 month (2023) Cash Flow Allocation:
  • 36% of Cash flow went to Share Repurchases,
  • 27% Capex for Growth,
  • 21% Acquisitions,
  • 13% Dividends
    – increased dividends 33% (9%,9%,8%,7%) in 2023 and the Payout ratio remains below 20% is impressive (at least to me)
  • 3% repay debt

$MCHP

Semiconductors / Chips

• 2023 Adjusted FCF: $751.6
• “We continue to allocate substantially all of our excess cash beyond dividends and stock buyback to bring down this debt. ” – referring to paying off 6.2B of debt off its $8B acquisition 18 months ago
• Net Debt: 1.56x
• Q3 23 Payout ratio: 26.4% ($180.3m in dividends / $682.9m of total FCF (before dividends and share repurchase)
  • MCHP did a 2:1 stock split in October 21 which is why the dividend was ‘-46.91%’ in December.

$EQB is another honorable mention.

Are these just not known about? Or is it because of their past div growth being weird/low? Just wondering why?