3 Dividend Stocks That Have Made Monster-Size Rate Hikes This Year
Dividend growth stocks are better than your average income investment because their payouts increase over time. That gives investors plenty of incentive to buy and hold. For example, if a company were to raise its dividend by 5% in each of the next five years, your investment income from that stock would be 28% higher than it is right now.
Some stocks, however, have been making even larger increases in just one year. Zoetis (NYSE: ZTS), Dollar General (NYSE: DG), and Lowe's (NYSE: LOW) significantly boosted their dividend payments within the past year. And their payouts aren't excessively high or risky, either.
Zoetis is a healthcare company that makes medicines and vaccines for animals in 100-plus countries around the world. In addition to common pets such as cats and dogs, it also helps treat livestock. Business has been strong. Consumers have been buying pets amid the pandemic to accompany them during lockdowns, and they've generally been spending more time at home.
Source Fool.com
