5 Stocks That Have Doubled Their Dividend in the Last 7 Years to Buy in October
2026-10-07 08:15
•Micah Zimmerman •The Motley Fool
•••••••••• ••••• Axe Cap view
Five Dividend Plays Worth Watching This October
Certain US consumer stocks have doubled dividends since 2019, but how should South African investors read into this story today?
US consumer stocks like Williams-Sonoma and TJX have aggressively boosted dividends, signaling strong cash flows and growth strategies. This is impressive, and it highlights the resilience of off-price retail and specialized home improvement themes. For JSE investors, the broader lesson is to seek companies with sustainable dividend growth backed by clear operational improvements. For instance, South African retailers like Shoprite and Woolworths face their own pressures but benefit from resilient consumer spending and cost-savvy management. On the currency front, a stable or stronger rand against the dollar (USD/ZAR) would improve buying power for JSE-listed exporters like AngloGold Ashanti and MTN, which could support dividends. The risk is that US inflation trends and Federal Reserve decisions could still cause volatility, impacting USD/ZAR and commodity prices. Dividend doubling stories abroad act as inspiration, but local fundamentals matter most here. this is just our opinion and not financial advice
Watch Shoprite and Woolworths for steady dividend yield and resilience amid inflation. Keep an eye on the USD/ZAR rate to time entry into commodity-linked names like AngloGold Ashanti. Avoid chasing US dividend darlings through rand-hedged offshore funds until the currency stabilizes.
- Shoprite
- Woolworths
- AngloGold Ashanti
- USD/ZAR
- US inflation spikes triggering Fed tightening
- Rand weakness increasing import costs and currency risk
6/10
Five consumer stocks—Williams-Sonoma, Domino's Pizza, TJX Companies, Lowe's, and Costco Wholesale—have all more than doubled their dividends since 2019. Each company is backed by specific growth initiatives: Williams-Sonoma's AI shopping assistants, Domino's loyalty program expansion, TJX's off-price retail strength, Lowe's professional contractor market acquisitions, and Costco's strong membership renewal rates. However, some face headwinds like Domino's slower sales and Costco's declining comparable sales growth.
Our take is based on reporting first published by The Motley Fool.
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