2 Magnificent Dividend Stocks That Recently Raised Their Payouts
Did you know that a 2% annual increase in a dividend over the course of 20 years will mean nearly 50% more income for your portfolio? income investors should focus on more than just yields, as regular dividend increases can be crucial to offset the effects of inflation.
Two dividend stocks that could have the potential to significantly raise their payouts in the future are Kroger (NYSE: KR) and Target (NYSE: TGT). And last month, they raised their dividend payments again.
Kroger is a top grocery company in the U.S. that has been a relatively safe business to invest in amid inflation and recession fears. That's because the company's operations are resilient: Consumers will always need to buy groceries, and Kroger has the flexibility to raise prices to offset rising costs in order to protect its margins.
Source Fool.com
Kroger Co. Stock
With 24 Buy predictions and 1 Sell predictions Kroger Co. is one of the favorites of our community.
With a target price of 54 € there is a slightly positive potential of 14.94% for Kroger Co. compared to the current price of 46.98 €.
