2 Ultra-Yielding Dividend Giants Poised to Raise Dividends
It's a tough environment for income investors -- perhaps the worst ever. The Federal Reserve cut its benchmark rate to near zero to deal with COVID-19, and rates across the board have plummeted. Currently, the 30-year U.S. Treasury bond is yielding 1.93%, a figure even lower than during the financial crisis. At the same time, inflation is running above 5%, which means these investors are earning negative real returns and losing purchasing power!
Even dividends are hard to come by, with the S&P 500 now near all-time lows and offering a minuscule 1.30% yield. So investors are increasingly paying attention to high-yielding dividend stocks with a history of increases. Here are two such stocks poised to raise their dividends in the weeks ahead.
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Source Fool.com
