3 Dividend Stocks That Hiked Their Payouts by More Than 10% This Year
Dividend stocks that hike their payouts by generous amounts should definitely be on your watch list. If a company were to raise its dividend payments by 10% for more than seven years in a row, your dividend payment would double. That type of increase is by no means a guarantee, and a 10% rate hike could prove to be rare. But a company that makes such large increases is at the very least demonstrating a willingness to give back to shareholders. And it could be a sign that in periods of strong growth, there could be more generous rate hikes.
Three companies that boosted their payouts by double-digits this year that are suitable for risk-averse investors are Thermo Fisher Scientific (NYSE: TMO), Procter & Gamble (NYSE: PG), and Kroger (NYSE: KR).
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Source Fool.com