July Dividend Hikes: 2 Attractive Stocks For Your Watch List

Dividends offer investors many benefits, including steady income and the ability to amplify returns and reduce costs by automatically reinvesting the proceeds. But a similarly valuable aspect of the companies that offer these dividend-paying stocks is their promise of increasing payouts over time.

With that in mind, let's look at two dividends that will be climbing higher in July. The increase is just part of why you'll want to keep Dollar General (NYSE: DG) and Clorox (NYSE: CLX) stocks on your watch list this summer.

Dollar General is relatively new to the dividend party, having paid steady income to shareholders since 2015. But the discount retailer is making up for that short track record by raising its payout at a quicker pace than its peers.

Source Fool.com