Dividend-paying stocks also offer security and guaranteed income in volatile markets. Even when stocks are down in general, dividend stocks are more likely to rise back up because they usually continue to generate income. There are dividend stocks that pay high yields for income growth, but there are also dividend stocks that pay lower yields with a potential for dramatic payout increases. Although the yields don’t seem as high, there is the promise of healthy rapid growth in payouts annually. Here are seven top growing dividend stocks that help strengthen your financial management plans:
Hasbro (NASDAQ: HAS) — The toy maker has a record of dividend increases for 10 years. Sysco Corp. (SYY) — The international food distributor boasts of 48 consecutive years of dividend growth. Home Depot (HD) — The home improvement retailer has a dividend yield of 2.3 percent. Boeing (BA) — The aerospace company has a dividend yield of 2.7 percent. Verizon Communications (VZ) — The telecommunications company has had consistent yield increases, raising its dividend 24 times since 1985. AT&T (T) — The largest telecommunications company in the U.S. has maintained high yields and continued growth in payouts. Air Products and Chemicals (APD) — The industrial gas company is another safe bet for long-term growth and has been in business since 1940.
Source: NewsMax
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