2024-05-03 08:30:00 ET
Dividend stocks that raise their payouts can often make for great long-term investments. As their payouts rise, investors collect more dividend income. Dividend increases can also give you some important insights into how well a company is doing. If it's a strong and healthy increase, that may be a good sign the business is doing well and anticipating much more growth. If the dividend increase is minor, however, and solely for the sake of extending a dividend growth streak, then that could be a signal that the opposite is true.
Three companies that recently raised their payouts are Johnson & Johnson (NYSE: JNJ) , Southern Company (NYSE: SO) , and TJX Companies (NYSE: TJX) . Let's take a closer look at these stocks, the rate of their increases, what they tell investors, and whether these are good dividend stocks to buy right now.
Healthcare giant Johnson & Johnson is a Dividend King , which means it has a notable track record of growing its dividend over the years. Barring some disastrous financial catastrophe, it's highly likely that the company is going to increase its dividend each year.
For further details see:
3 Dividend Growth Stocks that Just Raised Their Payouts