Dividend Stocks With Double-Digit Dividend Boosts

Dividend growth stocks allow investors to earn progressively higher income. Moreover, high dividend growth stocks tend to outperform their peers with low dividend growth and those stocks that do not raise dividends. Investing in dividend growth stocks is a sound investment choice that can enable investors to make high total returns over long-term investment horizons.

A few dividend stocks have just raised their dividend payouts by double-digit rates. These include Cummins Inc. (NYSE:CMI), Stanley Black & Decker, Inc. (NYSE:SWK), and KLA-Tencor Corporation (NASDAQ:KLAC). These three stocks have dividend yields in excess of 2%, market caps in billions of dollars, and payout ratios between 20% and 55%.

Source: Insider Monkey

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