What's even better than a company that pays big dividends? One that raises its payout on a fairly regular basis. The dividend growth rate shows investors how fast a stock's dividend is growing over a set period. IBD calculates the annualized growth rate over three to five years. The rate is published in each day's Dividend Leaders, Utility Leaders and REIT Leaders tables. Today we'll look at the six Dividend Leaders with the highest growth rates.
Cisco Systems (NASDAQ:CSCO) comes out on top with a dividend growth rate of 38%. Lorillard (NYSE:LO) is second with a 30% growth rate. Western Union's (NYSE:WU) 22% rate is just ahead of Lockheed Martin's () 21%. General Electric's (NYSE:GE) quarterly payout of 24 cents a share yields 3.4% based on its current stock price. The industrial conglomerate has a dividend growth rate of 18%. General Mills (NYSE:GIS) rounds out the top six with an 11% growth rate.
Source: Investors.com
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Building Wealth Through Higher Dividends
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