WMT - 3 Great Income Stocks That Could Double Their Dividends
Blue chip companies have been slashing or suspending their dividends left and right during the COVID-19 pandemic, a smart move as it helps preserve precious capital during a period of great uncertainty. But other businesses not only maintained their payouts, but actually increased them, such as Johnson & Johnson and Procter & Gamble.
Those that slashed their dividends due to the pandemic, like Wendy's and Halliburton, could very well double or triple their payouts instantly when business returns to normal so they can begin returning value to shareholders at the same rate they did prior to everything being upended.
The three stocks below, however, are solid dividend-paying stalwarts that haven't seen their finances blown apart by the pandemic, did not cut their payouts, and ought to be able to double their dividends sooner just as much as later.