2023-11-02 05:12:00 ET
For long-term investors, dividend growth stocks can be key to unlocking great returns. Did you know that if a stock were to raise its dividend by 5% every year, your dividend income from it would double in 14 years?
Three stocks that last raised their payouts by more than 5% are Nike (NYSE: NKE) , Merck (NYSE: MRK) , and Automatic Data Processing (NASDAQ: ADP) . And they could once again increase their payouts this month.
Sports apparel and footwear company Nike pays a modest dividend which at the current share price yields 1.3%, slightly lower than the S&P 500 average of 1.7%. But, to its credit, the company has consistently boosted its payouts over the years.
For further details see:
3 Dividend Stocks That Could Raise Their Payouts in November