For long-term investors, dividend growth stocks can be key to unlocking great returns. Did you know that if a stock were to raise its dividend by 5% every year, your dividend income from it would double in 14 years? 

Three stocks that last raised their payouts by more than 5% are  (NYSE: NKE), Merck (NYSE: MRK), and Automatic Data Processing (NASDAQ: ADP). And they could once again increase their payouts this month.

Sports apparel and footwear company Nike pays a modest dividend which at the current share price yields 1.3%, slightly lower than the S 500 average of 1.7%. But, to its credit, the company has consistently boosted its payouts over the years.

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Source Fool.com