I don’t have a crystal ball, and I can’t say with 100% certainty which dividend stocks are going to grow their payout the fastest in the years ahead. But by looking at recent dividend growth history gives us a good starting point. So, today we’re going to take a look at seven stocks that I expect to double their dividends over the next three years. None are what I consider monster dividend yielders today, but all pay a respectable current dividend that promises to get a lot bigger in the years to come...
Take Citigroup Inc (NYSE:C), for example. Citi just doubled its dividend last month and raised its stock buyback plan to boot. Up next is fellow megabank Bank of America Corp (NYSE:BAC). BAC hiked its dividend by 60% in June after raising it by 50% last year. Well, credit card giant Capital One Financial Corp. (NYSE:COF) was something of an exception. I’ll now jump to an easy one, midstream pipeline giant Kinder Morgan Inc (NYSE:KMI). Energy Transfer Equity LP (NYSE:ETE) has a very good chance of doubling its distribution over the next three years. All of this is perfect for datacenter REIT (real estate investment trust) CoreSite Realty Corp (NYSE:COR). I’ll wrap this up with a fairly conservative stock you might not expect to see on a list of dividend stocks set to double their payout in three years: pharmacy chain CVS Health Corp (NYSE:CVS).
Source: InvestorPlace
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