3 Great Income Stocks Whose Dividends Should Double
Income investors like dividend stocks because the combination of current income and growth potential offers an attractive risk-reward relationship. Yet even some companies that have amply demonstrated their commitment to giving dividend growth to their shareholders don't always pay out as much as they could. In particular, Sherwin-Williams (NYSE: SHW), Cintas (NASDAQ: CTAS), and Tootsie Roll Industries (NYSE: TR) could all double their dividends without endangering their ability to earn enough to cover payouts and reinvest in growth initiatives.
Sherwin-Williams has been a huge success story for investors over the years. Dividend investors have to be happy about the fact that the paint specialist has managed to boost its dividend every single year for 39 straight years, with the most recent increase coming in February.
However, what shareholders probably aren't entirely satisfied with is the size of those increases. Sherwin-Williams only managed a $0.01 per-share boost to its quarterly payout, and the current yield is less than 1%.
Source: Fool.com
Cintas Corp. Stock
Currently there is a rather positive sentiment for Cintas Corp. with 11 Buy predictions and 3 Sell predictions.
As a result the target price of 195 € shows a slightly positive potential of 13.12% compared to the current price of 172.38 € for Cintas Corp..
