Dividend Stocks To Double Payouts Within 6 Years

When sifting through the universe of dividend-paying stocks, investors should consult known indices as established benchmarks that may help identify stocks featuring desired characteristics. S&P 500 Dividend Aristocrats Index is one such benchmark that consists of attractive dividend-yielding stocks that have increased dividends for at least 25 years in a row. Among dividend aristocrats, there is a selection of stocks that have raised dividends at high, but sustainable rates. Here is a glance at two such companies that stand on course to double their dividends within the next six years.

Becton, Dickinson & Company (BDX) is a $15.2 billion medical devices and instruments company. The company pays a dividend yield of 2.4% on a payout ratio of 33%. Colgate-Palmolive (CL) is a $50 billion personal goods company producing a range of household, healthcare and personal products. It pays a dividend yield of 2.4% on a payout ratio of 50%.

Source: Seeking Alpha

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