2024-04-11 06:45:00 ET
Everyone loves a stock that produces outsized gains relative to the S&P 500 . A less flashy but rewarding accomplishment is when companies consistently raised the dividends they pay to investors. Higher dividends can lead to higher passive income, and provide a hands-off way to book gains without the need to sell stock.
American States Water (NYSE: AWR) , United Parcel Service (NYSE: UPS) , and Allegion (NYSE: ALLE) just raised their payouts to record highs. Here's why all three dividend stocks are worth buying now.
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3 Under-Appreciated Dividend Stocks That Just Raised Their Payouts to Record Highs