3 Dividend Growth Stocks That Have Doubled Their Payouts in 5 Years
2026-10-13 20:20
•David Jagielski, Cpa •The Motley Fool
••••••••• ••• Axe Cap view
3 Global Dividend Growers Worth Watching from Afar
Eli Lilly, Tractor Supply, and American Express have doubled dividends in 5 years, signaling strength but limited direct South African plays.
These US names have done well growing dividends aggressively despite market noise. Eli Lilly has a current payout around 0.6%, but its low payout ratio hints at future hikes—topical as its GLP-1 drugs are a rare pharma bright spot. Tractor Supply’s yield feels more real at about 2.5%, but its 33% share price drop this year raises caution about valuation traps. American Express shows resilience with a payout ratio of 20% and solid growth projections. The problem for local investors is South African counters don’t have close analogues here. Instead, this story suggests watching USD/ZAR closely. A weaker rand could make these global growth stories more expensive to own. South African dividend hunters are better off focusing on high-quality counters like Standard Bank, MTN, or Shoprite that offer some yield with local earnings support. This view may be wrong if the rand stabilises quickly or if local counters disappoint on growth, making offshore exposure attractive. this is just our opinion and not financial advice
Watch USD/ZAR before buying these US dividend stocks; meanwhile, hold South African dividend payers like Standard Bank and Shoprite for yield and local earnings support.
- USD/ZAR
- Standard Bank
- Shoprite
- Rand strengthens, reducing offshore profitability
- Local market disappoints economically reducing dividends
6/10
Eli Lilly, Tractor Supply Company, and American Express have each doubled their dividend payouts over the past five years. Despite varying yields and current market challenges, all three stocks maintain modest payout ratios, suggesting room for continued dividend growth. These companies represent attractive long-term investments for dividend-focused investors seeking both income and capital appreciation.
Our take is based on reporting first published by The Motley Fool.
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