Dividends4Life: Sneaky-Good Dividend Stocks

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Sneaky-Good Dividend Stocks

Posted by D4L | Tuesday, February 15, 2011 | | 0 comments »

Last week, I presented a "crazy-simple" dividend-investing strategy called the 10-10 Formula. I wrote favorably about the two-step test for screening for dividend-growth stocks: 1.) Seek out stocks that have raised dividends for a minimum of 10 consecutive years, and 2.) Increased those dividends by an average of 10% or more per year for a decade

A dividend portfolio shouldn't be rigid. You'll want high yielders, fast-growing yielders, international dividend stocks, and alternative yielders (e.g., REITs, BDCs, MLPs). Nonetheless, today I wanted to share the best of both worlds. I'm calling these three stocks "sneaky-good," because they have current yields close to double the yield of the SPDRs (NYSE: SPY) S&P 500 tracker (about 1.7%), and they're growing those payouts quickly, with each sporting a 10-year compound annual dividend growth rate exceeding 10%. On top of that, each has a history of raising dividends.

Source: Motley Fool

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