3 Great Income Stocks That Could Double Their Dividends
Instead of chasing dividend stocks with precariously high yields, look for strong income-producing stocks that have a consistent history of raising their dividend yet have modest yields and low payout ratios.
In some cases, companies with really high yields on their dividend got that way because their share price plummeted, and that could mean a dividend cut may be on the way, further eroding a stock's price.
As the cliché goes, past performance doesn't guarantee future results. Look no further than Royal Dutch Shell and Ross Stores; they were Dividend Aristocrats, companies that had raised their dividends for 25 or more years, until they cut and suspended, respectively, their dividends last year.
Source Fool.com
