2 High-Yielding Dividend Stocks That Could Raise Their Payouts in October
An increase in a quarterly dividend payment is something all income investors love to hear about. That's because it means they're collecting more money from their investments. For example, if a stock were to increase its dividend by 3% each year, it would amount to an increase of over 34% over a 10-year period, thanks to compounding.
That compounding growth is part of what makes dividend-bearing stocks great options for long-term investors. Two stocks that have been raising their payouts for decades are AbbVie (NYSE: ABBV) and ExxonMobil (NYSE: XOM). And both of these companies have real potential to announce their next rate hikes in October. Let's find out a bit more about these two dividend stocks.
Drugmaker AbbVie pays a high dividend yield of around 4% per year. That's a great payout when you consider the S&P 500 averages a yield of only 1.8%.
Source Fool.com
