As hard as it is to believe, the summer months are behind us, and 2017 is quickly coming to an end. While there are a few months left in the year, there are still plenty of big name stocks set to announce dividend increases before the New Year.
Dividend investors love the income that dividend stocks bring into a portfolio, but the value is compounded when you search for companies that have solid track records of annual dividend increases. Whether you use dividends for income, or to reinvest in the underlying security, investing in stocks that increase their payout each year mean that once a month the amount of money you receive, or the value of additional stock you are able to buy grows.
Just because a company pays a dividend, that does not necessarily mean it is a better investment than stocks that do not pay dividends. However, companies with solid capital programs are viewed as a bit safer than their counterparts since the ability pay dividends, and ideally increase those payment each year, shows the company’s underlying business remains sound, and that management believes the future is bright enough to warrant continuing to reward investors with dividend payments.
If you find yourself with a little extra cash you want to invest in a dividend stock at this time, consider the following stocks that have histories of dividend increases, and are likely to announce their next increase before the end of the year.