Inflation-Fighting Dividend Stocks Beat the Benchmark

The Consumer Price Index has been steadily increasing, and investors are looking for dividend stocks that can keep pace. Five US-listed companies have demonstrated their ability to raise payouts at a rate higher than inflation.

Lowe's (NYSE:LOW) is the second-largest home improvement retailer in the US, with a quarterly dividend increase from $1.20 to $1.25. The company reported revenue of $25.96B, beating the consensus estimate by 8.34%. Operating cash flow of $3.659B covered the $672M dividend outlay.

Texas Instruments (NASDAQ:TXN) designs and manufactures analog semiconductors with a quarterly payout increase from $1.36 to $1.42. Revenue jumped to $5.46B, beating the estimate by 22.82%. The company has a trailing free cash flow of $6.53B.

UnitedHealth Group (NYSE:UNH) is the largest managed care and health services company in the US, with a quarterly dividend increase from $2.21 to $2.32. Revenue reached $111.72B, beating the estimate by 1.96%. The company lifted its full-year adjusted EPS guidance to $19.50-$20.00.

Broadcom (NASDAQ:AVGO) sells custom AI accelerators and enterprise infrastructure software with a quarterly dividend increase from $0.59 to $0.65. Revenue reached $29.59B, up 85.5% YoY. The company has an annual dividend payout of $11.142B.

ADP (NASDAQ:ADP) runs payroll and human capital management software with a quarterly dividend increase from $1.54 to $1.70. Revenue reached $21.95B, beating the estimate by 6.74%. The company has an operating cash flow of $5.441B.