3 High-Yielding Dividend Stocks That Have Doubled Their Payouts in 5 Years
These stocks have been generous with their dividend increases, and more may be on the way.
Overview
Dividend growth stocks can be attractive long-term buys, as the income they provide is likely to rise over time. But many stocks that have long streaks don't often raise their payouts at high rates, so while their streaks are getting longer, the increases don't often amount to much. Investors may be wondering what the point is at that stage, since it effectively becomes more about extending the streak rather than significantly growing dividend income.
The three dividend stocks on this list, however, have been generous with their dividend increases. They may not have exceptionally long track records of dividend growth, but over the past five years, they have more than doubled their payouts. The stocks I'm talking about are Tractor Supply Company (NASDAQ:TSCO), Zoetis (NYSE:ZTS), and Energy Transfer LP (NYSE:ET). They also have yields that are far higher than the S&P 500 average of just 1%.
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Originally published at www.fool.com.