Dividends4Life: 3 Attractive Income Stocks Whose Dividends Could Double

Dividend Growth Stocks News

Not all income stocks are living up to their full potential. Utilizing the payout ratio, or the percentage of profits a company returns in the form of a dividend to its shareholders, we can get a good bead on whether a company has room to increase its dividend. Ideally, we like to see healthy payout ratios between 50% and 75%. Here are three income stocks with payout ratios currently below 50% that could potentially double their dividends.

Chemed (NYSE:CHE) owns VITAS, the nation's largest hospice care provider, and it also owns Roto-Rooter, the nation's largest commercial and residential plumbing business. The melding of the two might seem odd, but it's hard to argue against the results. RPM International (NYSE:RPM), which manufactures coating, sealants, and building materials across the globe, is currently riding a 42-year streak of increasing its dividend, and that streak doesn't look to be in any jeopardy. Last, but not least, I'd suggest turning your attention to appliance juggernaut Whirlpool (NYSE:WHR) if you'd like a mix of income and growth.

Source: Motley Fool

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