3 Great Income Stocks Whose Dividends Should Double
Income investors like dividend stocks because the combination of current income and growth potential offers an attractive risk-reward relationship. Yet even some companies that have amply demonstrated their commitment to giving dividend growth to their shareholders don't always pay out as much as they could. In particular, Sherwin-Williams (NYSE: SHW), Cintas (NASDAQ: CTAS), and Tootsie Roll Industries (NYSE: TR) could all double their dividends without endangering their ability to earn enough to cover payouts and reinvest in growth initiatives.
Sherwin-Williams has been a huge success story for investors over the years. Dividend investors have to be happy about the fact that the paint specialist has managed to boost its dividend every single year for 39 straight years, with the most recent increase coming in February.
However, what shareholders probably aren't entirely satisfied with is the size of those increases. Sherwin-Williams only managed a $0.01 per-share boost to its quarterly payout, and the current yield is less than 1%.
Source: Fool.com
Cintas Corp. Stock
With 20 Buy predictions and not the single Sell prediction the community is currently very high on Cintas Corp..
However, we have a potential of -0.2% for Cintas Corp. as the target price of 712 € is below the current price of 713.4 €.
