3 Top-Notch Dividend Stocks That Just Raised Their Payouts to Record Highs
Having a track record for paying a dividend is one thing. But continuously raising the payout to a record high is a recipe for value creation. Investors have to rely on capital gains to get a return from a company that doesn't pay a dividend. But with a company that keeps raising its dividend year after year, income is generated from doing nothing. And with the dividend alone, each share becomes more valuable.
The beauty of a growing dividend is that a stock's yield will keep increasing if the price stays the same, which can act as an added catalyst to justify a stock price going up. Throw in a growing underlying business and strong fundamentals, and there are multiple factors to support a worthwhile investment.
ExxonMobil (NYSE: XOM), Target (NYSE: TGT), and Honeywell International (NASDAQ: HON) are three quality companies with the growth needed to support future dividend raises. Here's what makes each dividend stock a great buy now.
Source Fool.com
Honeywell International Stock
With 6 Buy predictions and not the single Sell prediction the community is currently very high on Honeywell International.
As a result the target price of 214 € shows a slightly positive potential of 17.65% compared to the current price of 181.9 € for Honeywell International.
