Dividends4Life: 3 Attractive Income Stocks Whose Dividends Could Double

Not all income stocks are living up to their full potential. Utilizing the payout ratio, or the percentage of profits a company returns in the form of a dividend to its shareholders, we can get a good bead on whether a company has room to increase its dividend. Ideally, we like to see healthy payout ratios between 50% and 75%. Here are three income stocks with payout ratios currently below 50% that could potentially double their dividends.

Chemed (NYSE:CHE) owns VITAS, the nation's largest hospice care provider, and it also owns Roto-Rooter, the nation's largest commercial and residential plumbing business. The melding of the two might seem odd, but it's hard to argue against the results. RPM International (NYSE:RPM), which manufactures coating, sealants, and building materials across the globe, is currently riding a 42-year streak of increasing its dividend, and that streak doesn't look to be in any jeopardy. Last, but not least, I'd suggest turning your attention to appliance juggernaut Whirlpool (NYSE:WHR) if you'd like a mix of income and growth.

Source: Motley Fool

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