3 Dividend Growers Cashing in on the Mobile Payment Boom

It’s a one-two punch I love to see in a stock: a growing dividend and a rock-solid commitment to research and development. These companies serve up a profitable combo: immediate cash in your pocket and potential for huge gains — and even bigger dividend payouts — as they churn out the next wave of must-have products. I bring this up because right now, S&P 500 companies are spending big on both R&D and dividends.

The bottom line? Now is a great time to shop for these income-focused innovators, particularly with the selloff driving their prices down—and their dividend yields up. Here are three companies leading the mobile-payment race. All are boosting their dividend payouts and investing in the cutting-edge tech they need to dominate in a tap-and-pay world: Starbucks Corp. (SBUX), Apple Inc. (AAPL) and Visa Inc. (V).

Source: InvestorPlace

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