TJX - 3 Dividend Growth Stocks that Just Raised Their Payouts
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.
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3 Dividend Growth Stocks that Just Raised Their Payouts