SKT - 2 Great Income Stocks That Could Double Their Dividends
Some payouts grow up in a hurry. Camping World Holdings (NYSE: CWH) announced on Monday that it's doubling its quarterly dividend to $0.50 a share, a move that pushes its yield up to 5.4% as of Monday's close.
Investors haven't necessarily approached the leading retailer of recreational vehicles and related camping gear as an income stock, despite a healthy recent track record of hikes and declaring special distributions. Camping World has been one of the market's biggest winners since the pandemic sell-off bottomed out, a scintillating 11-bagger since last year's springtime low. Now a stock that was trading as low as $3.40 in March of last year is delivering $2 a share in annual dividends with analysts projecting a profit of $6.04 for all of 2021. It all seems so obvious now with folks falling in love with RV travel again as a way to get around safely in the new normal. Stop kicking yourself. Kick the tires instead.
Camping World's dividend doubled overnight. Let's look at some companies that are positioned well to double their payouts in the next couple of years: Tanger Factory Outlet Centers (NYSE: SKT) and NetEase (NASDAQ: NTES) .
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2 Great Income Stocks That Could Double Their Dividends