Although the inflation rate has come down significantly in the past year to just 3% in June, prices are still substantially higher than they were just a few years ago. In an era where a dollar doesn't go as far as it used to, a rising dividend can be a coveted source of cash for investors. Yet not every company is able to raise its payout at the moment, and many that have done so recently have only boosted them by small, token amounts.

With that in mind, three top Motley Fool contributors went searching for companies that have recently boosted their payouts by at least 5%. At that level, investors have a shot at not just keeping up with inflation, but staying ahead of it. They singled out PepsiCo (NASDAQ: PEP), (NASDAQ: SBUX), and Kroger (NYSE: KR) for your consideration. Read on to see how these everyday titans have been able to increase their payouts so much, and decide for yourself whether they might fit in your portfolio.

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Source Fool.com