3 Dividend Stocks That Just Hiked Their Payouts
If you are an income investor, it is important to consider not just companies that pay dividends but ones that also increase them. Without dividend increases, inflation will chip away at the income you earn from those stocks. Over the course of a decade, even a 1% inflation rate will amount to 10% decline in real dividend income. And if the inflation rate is closer to 2%, the percentage soars to 22%.
Three solid dividend growth stocks that you can count on for recurring hikes are Johnson & Johnson (NYSE: JNJ), Costco (NASDAQ: COST), and Southern Company (NYSE: SO). They all recently bumped up their dividend payments again, and those are trends that aren't likely to stop anytime soon.
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Source Fool.com
