5 Stocks That Have Doubled Their Dividend in the Last 7 Years to Buy in October
These five consumer stocks have all doubled their dividend payouts since 2019, and each has a fresh reason to believe the growth isn't finished.
Overview
Dividend payments are portions of a company's profits distributed to shareholders, usually in cash on a quarterly or monthly basis. A dividend that's merely growing year-by-year is nice, but a dividend that's doubled since 2019 tells you something more specific: The business has been generating enough extra cash, year after year, to meaningfully raise what it hands back to shareholders, not just nudge it higher to keep a streak alive.
The five consumer companies featured below have all cleared that bar, and each is doing something worth paying attention to right now.
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Originally published at www.fool.com.