8 Dividend Stocks to Buy for Income Growth

Dividends are nice, to be sure … particularly to long-term investors who specifically need reliable income. But not all dividend stocks are created equally. To remain a viable long-term holding to income seekers, these cash-producing stocks also need to offer reliable dividend growth over time to fight off the effects of inflation. What good is a stagnant dividend, after all — as the payout stays the same, its purchasing power slowly erodes. And it’s surprising how many dividend paying companies don’t up their payouts to even keep pace with inflation.

With that in mind, here’s a closer look at eight dividend stocks that not only are consistent payers, but are just as consistent when it comes to increasing their dividend. (And yes, the strength and growth potential of the company’s business were major considerations for inclusion in this list): 3M (MMM), Procter & Gamble (PG), HCP (HCP), Dr Pepper Snapple Group (DPS), Ameriprise Financial (AMP), Regions Financial (RF), Wells Fargo (WFC) and Xilinx (XLNX).

Source: InvestorPlace

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