Dividends4Life: 3 Dividend Growth Stocks to Buy Now

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3 Dividend Growth Stocks to Buy Now

Posted by D4L | Wednesday, February 26, 2020 | | 0 comments »

Clearly dividend growth investing has been a powerful tool to build wealth. And investors should exploit this fact in the current environment. Having a high yield is good, but getting more income year in and year out is just that much better. And thanks to rising profits, lower corporate taxes and bulging balance sheets, there’s just that much more cash to go around. Which firms make ideal dividend stocks with growing payouts to bet on? Here are three that make the cut...

Visa (NYSE:V) is a prime example of how a headline yield can be deceiving. At first glance, Visa’s 0.6% current dividend yield isn’t exactly something to write home about. That is, until you hear about Visa’s torrid pace of dividend growth. Maybe I’m biased because I live near Wendy’s (NYSE:WEN) corporate headquarters, but I happen to think they make the best traditional fast food burger. Turns out, I’m not alone. Both Wendy’s and Visa’s dividend growth stories are relatively new. But there are plenty of dividend stocks that have been delivering the goods for decades. A prime example is medical device maker Medtronic (NYSE:MDT).

Source: InvestorPlace

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