2 Great Income Stocks That Could Double Their Dividends

There are plenty of great stocks that offer high yields, but it tends to be the case that their payouts rise at relatively slow rates. Investors will sometimes be better served by choosing companies that are poised to deliver fast payout growth, because they often have greater earnings-growth potential -- and big dividends aren't baked into their stock prices yet.

But what if you could find a stock that offered a happy medium? Some companies pay dividends with impressive yields, but also have the potential to deliver substantial payout hikes and market-beating stock price growth. Such stocks may be discounted in the market due to risks to their business or industry. Hanesbrands (NYSE:HBI) and Lowe's (NYSE:LOW) are stocks in that mold, and each could double its dividend over a five-year span.

Source: Motley Fool

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