3 Dividend Stocks That Could Double Their Payouts in 5 Years
Investors should be careful not to pay too much attention to a stock's current yield. That's because if you invest in a dividend growth stock (and you'll want to, if for no other reason than to offset inflation over the years), your dividend payments will rise as you hang on to the stock. For example, a $1,000 dividend can grow to $2,000 within eight years if a company grows its payouts by 10% or more each year.
But there are some stocks that could go at much faster rates. UnitedHealth (NYSE: UNH), Apple (NASDAQ: AAPL), and Visa (NYSE: V) could all double their payouts within just five years.
Image source: Getty Images.
Source Fool.com
