DKS - These 2 Dividend Stocks Will Double Their Payouts in 2023
2023-03-14 09:15:21 ET
Dividend growth stocks can make for great long-term investments. And many of them have long, impressive streaks of raising their dividend payouts every year. It sounds impressive, but remember that, in many cases, these consistent raisers often only increase their dividend payments at nominal rates for the sake of keeping their streaks going. The amount of those increases can be underwhelming for dividend investors looking for growth.
On the other side of the coin, there are a select group of companies that have done well enough in the past year to feel confident that they can announce significant increases in their payouts. Two of these companies -- Wendy's (NASDAQ: WEN) and Dick's Sporting Goods (NYSE: DKS) -- plan to double their current payouts.
Are these two dividend stocks that you should consider adding to your portfolio today?
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These 2 Dividend Stocks Will Double Their Payouts in 2023