The only thing better than passive income is growing passive income and there’s no better way to do that than with dividend stocks. Dividend investors are constantly on the prowl for companies that can consistently increase their payouts. While the Dividend Aristocrats Index and list of Dividend Kings are popular places to look for reliable income stocks, we found three quality companies that have recorded extreme dividend growth in recent years.
The following three dividend stocks have boosted their payouts by at least 30% per year over their last five fiscal years, and have strong potential to continue raising their dividends at healthy rates: Cummins Inc. (CMI), Celanese Corporation (CE) and Packaging Corp Of America (PKG).
Source: InvestorPlace
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