Dividends4Life: 3 Growth Dividend Stocks to Buy

3 Growth Dividend Stocks to Buy

Posted by D4L | Saturday, May 28, 2016 | | 0 comments »

Income investors have a lot of dividend-paying companies to choose from, but not just any dividend-paying stock is worth socking away in portfolios. Often, the best dividend-paying companies are those that have catalysts that are sparking revenue and profit growth that can fuel dividend increases in the future. We asked some of our top Motley Fool contributors to tell us their favorite growth dividend stocks to buy now, and here are the three they picked. Read on to find out if they're right for your portfolio...

Nike (NYSE:NKE) is not a name that typically comes to mind when thinking about the best dividend stocks. This is understandable, because the stock pays a modest dividend yield of only 1.1% at current prices. However, dividend growth can be even more important than yield when it comes to maximizing total returns, and Nike is remarkably well positioned for consistent dividend growth in the years ahead. Since going public in 2012, MPLX's (NYSE:MPLX) distribution has grown by a compound annual rate of 24%. Now that Gilead Sciences (NASDAQ:GILD) and its hepatitis C competitors have reported their first-quarter results, it may be the perfect time to step up and pick up shares in the biotech Goliath.

Source: Motley Fool

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