Hey there.
In terms of dividend growth, TCL is an excellent option. 18 year dividend growth streak, 6.84% annual dividend growth over the last 5 years and the company's payout ratios leave lots of room for growth. In terms of earnings, its payout ratio is only 35.02% and in terms of free cash flow, only 18.63%.
The company is posting mid single digit revenue growth annually over the last 5 years but the one thing that concerns me is shrinking earnings. Over the last four years, the company has seen a decline in earnings per share. It still has a lot of room to grow the dividend even with declining earnings. However, this is something you need to pay attention to, for sure.