2 Dividend Growth Beasts That Have Tripled Their Payouts Within 7 Years
Did you know that if a company were to increase its dividends by 5% per year, it would take 14 years for its payouts to double? And if its rate of increase were 7%, then it would take about 10 years. That's why even if a stock offers a modest yield today, it can still be worth it for income investors to buy and hold.
A couple of stocks with the most aggressive dividend growth records you can invest in today are UnitedHealth Group (NYSE: UNH) and Broadcom (NASDAQ: AVGO). They have delivered strong results over the years, and shareholders have seen their income rapidly grow.
Health insurance giant UnitedHealth Group may not strike income investors as an ideal dividend stock to buy, as it yields just under 1.4%, which is below the S&P 500's current average yield of 1.7%. But over the past decade, the company has aggressively increased its quarterly payouts:
Source Fool.com
