RHP - 3 Companies Boosting Their Dividends Even in This Economy
2023-03-05 05:30:00 ET
If you're worried about the economy right now, know you're not alone. Stubbornly sticky inflation and high-profile job losses add up to risks both when it comes to earning money and being able to control spending. In that kind of environment, it takes a special kind of company to be so confident in its future that it's willing to increase the amount it's voluntarily handing over to its shareholders each year.
Still, for investors who are feeling the squeeze from everywhere else, that increased payment comes across like a much needed breath of fresh air. If nothing else, the extra cash can certainly help cover some of those increased bills. With that in mind, three Fool.com contributors searched for companies that were raising their dividends, even in this economy. They came back with Mastercard (NYSE: MA) , Ryman Hospitality Properties (NYSE: RHP) , and Genuine Parts (NYSE: GPC) . Read on to find out why and decide for yourself if any of these dividend growers deserve a spot in your portfolio.
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3 Companies Boosting Their Dividends Even in This Economy