3 High-Yielding Dividend Stocks That May Hike Their Payouts in the Next 2 Years

Investing in a top dividend stock should involve more than just looking at which one has a high yield today. Investors should also consider businesses that are doing well and that could increase their payouts in the future. With increasing yields, that means you will be collecting more in dividend income than you are right now, which gives you an incentive to buy and hold.

Three high-yielding dividend stocks that analysts believe could make significant increases to their payouts over the next two years are Amgen (NASDAQ: AMGN)Tapestry (NYSE: TPR), and Stanley Black & Decker (NYSE: SWK).

Healthcare company Amgen makes a variety of drugs for patients around the world. A big part of its revenue comes from medications focused on arthritis and osteoporosis. Last year, its top three drugs (Enbrel, Prolia, and Otezla) generated just under $10 billion in sales, accounting for 38% of the company's total revenue of $26 billion. The company also has a new potential blockbuster in lung cancer drug Lumakras, which the Food and Drug Administration approved last year. The drug may generate more than $1 billion in annual revenue as early as next year.

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Source Fool.com