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Dividend Aristocrat   Stanley Black & Decker (SWK) will hike its dividend by 1.3% to 81 cents quarterly per share. This marks 56 consecutive years of dividend growth for the tools maker.

In 2022 Headwaters announced a cooperation with AI giant Nvidia One of the best performing stocks worldwide in 2023 is Headwaters Co from Japan with a gain of 670% in 2023 as of July 10. Headwaters provides artificial intelligence (AI) solutions and is benefiting from the explosive growth for the sector and the hunt for AI-stocks by investors. However the valuation looks very high, certainly when the current 30%+ revenue growth drops to lower levels.

For the second time this year Enterprise Products Partners (EPD)  announced a small dividend hike with a 2.0% increase to $0.50 quarterly per share. This brings the total dividend increase to 5.3% YTD with EPD hiking the dividend by a total of 5.6% in 2022. The MLP Has now raised its dividend for 25 consecutive years and has reached dividend aristocrat status in 2023.

Is 3M the next Aristocrat to announce a dividend cut? After the stunning dividend cut by Dividend Aristocrat VF Corp (VFC) many investors are speculating about the next company with a great track record to announced a dividend cut. A recent Twitter poll shows that 3M  (MMM) is more likely than Walgreens Boots Alliance (WBA) to cut its dividend.

Bank of America, Goldman Sachs, Morgan Stanley, Wells Fargo and J.P. Morgan all announced their intention to hike the dividend later in 2023 after the latest stess test results by the Federal Reserve (FED).

Some interesting stuff going on with pharmaceutical giant Eli Lilly this week surpassing Dividend Aristocrat Johnson & Johnson (JNJ) as the biggest player in the sector based on market cap.  Eli Lilly (ticker LLY) is now worth $445 billion versus $430 billion for JNJ. Even more interesting is the dividend of these two giants, with Eli Lilly 's dividend growing much faster in the last five years.