2 High-Yielding Dividend Stocks That Just Raised Their Payouts Again
If you value dividend income, then you know how desirable a high-yielding dividend stock can be. The S&P 500 averages a payout of less than 1.4%, which isn't all that great.
A couple of income-generating investments that pay higher than that include Medtronic (NYSE: MDT) and Lowe's (NYSE: LOW). Not only do these stocks pay more than 2% per year, but they recently hiked their payouts significantly. These are precisely the types of stocks income investors should target for their portfolios. Here's why.
Medtronic is an Ireland-based medical device company with a presence in 150-plus countries, and it possesses more than 49,000 patents. The company say its products help treat over 70 different health conditions. For investors, that can mean a stable, diverse long-term investment.
Source Fool.com
