3 Dividend Stocks That Just Hiked Their Payouts by 20%

Dividend stocks are good investments, but those that grow their payouts are even better. Did you know that if a company raises its payout by 10% each year, it would take a little more than seven years for those dividend payments to be double what they are today? A 20% annual increase is less likely but at that rate, the doubling period would be just four years. And three stocks that recently hiked their payouts by at least 20% include Abbott Laboratories (NYSE: ABT), Nexstar Media (NASDAQ: NXST), and Reliant Bancorp (NASDAQ: RBNC).

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Source Fool.com