These 3 Dividend Aristocrats Have Already Boosted Their Payouts in 2020
Investors have always loved dividend stocks for their combination of growth potential and current income. With interest rates at rock-bottom levels, it's hard to find good income-producing alternatives to dividend stocks right now. Yet with the coronavirus pandemic raging on, many companies are under financial pressure to preserve cash at all costs, and that's led to even some of the most stable companies in the market reducing or suspending their dividend payments.
Yet even in tough times, there are still some high-profile companies that are managing not only to keep paying dividends, but also to increase them. Among them are Colgate-Palmolive (NYSE: CL), General Dynamics (NYSE: GD), and Johnson & Johnson (NYSE: JNJ). Let's take a look at how these Dividend Aristocrats were able to sustain their long streaks of dividend growth, and what lies ahead in their respective futures.
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Source Fool.com
