This year has been a great one for dividend investors. Countless companies have already increased their payouts, with many hiking them by 10% or more. Several others will likely give their investors a big raise this year.

(NASDAQ: MSFT), Starbucks (NASDAQ: SBUX), and MPLX (NYSE: MPLX) appear poised to hike their payouts in 2024. Here's why that makes them appealing options for dividend growth investors.

Microsoft might not offer a big dividend yield (it's currently around 0.8%). However, the tech titan has done an exceptional job of growing its payout over the years. It has grown its dividend at around a 10% compound annual rate over the past 10 years, including giving investors a 10% raise last September. At its current 10% compound annual growth rate, Microsoft's dividend will double every seven years.

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Source Fool.com