3 Great Dividend Stocks That Could Double Their Payments

According to the latest economic data, average household income is down 2.4% from its peak in 1999. That implies that most Americans have not gotten a real raise in years. That said, while employers are stingy to their employees, companies are pretty generous to their investors. In fact, the following three companies are likely to double the income streams they pay investors over the next few years...

One of the reasons why refining giant Phillips 66 (NYSE:PSX) launched its midstream MLP Phillips 66 Partners (NYSE:PSXP) was to give investors an opportunity to collect a rapidly growing cash flow stream. Natural gas pipeline giant Kinder Morgan's (NYSE:KMI) initial aim upon consolidating its MLPs was quite similar, with it planning to grow its dividend by 10% per year through 2020. Williams Companies (NYSE:WMB) is another energy infrastructure company that recently cut deeply into its dividend due to the energy market downturn. Investors looking for a big raise in the future have several options. Those seeking a steadily rising cash flow stream should take a look at Phillips 66 Partners, which should deliver robust annual income growth and potentially double its payout by 2020.

Source: Motley Fool

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