3 Companies Boosting Their Dividends Faster Than Inflation
One of the best parts about investing is that stocks offer you a reasonable chance to maintain -- or even increase -- your purchasing power over time. Yet as 2022 has proven, stocks can go down as well as up. There is one reward from investing, however, that depends more on the strength of the business than the mood of the market. That reward is a dividend -- a cash payment many companies make to their shareholders.
Because dividends tend to get paid from a company's operating earnings, they can increase even if its stock price is falling. That can make it much easier to hold on while waiting for a recovery. When the increases keep up with inflation, an investor's purchasing power has a chance to do so as well.
With that in mind, the following three Motley Fool contributors shared companies that have shown an ability to increase their dividends fast enough to keep up with even today's inflation. They chose Home Depot (NYSE: HD), Texas Instruments (NASDAQ: TXN), and Sherwin-Williams (NYSE: SHW). Read on to find out why and determine for yourself if any of them deserve a spot in your portfolio.
Source Fool.com
