3 Attractive Income Stocks Whose Dividends Could Double

Dividend stocks are often the foundation for a great retirement portfolio. Dividend payments not only put money in your pocket, which can help hedge against any downward move in the stock market, but they're usually a sign of a financially sound company. Dividend payments also give investors the opportunity to reinvest into more shares of stock, thus boosting future dividend payments and compounding gains over time.

Ideally, we like to see healthy payout ratios between 50% and 75%. Here are three income stocks with payout ratios currently below 50% that could potentially double their dividends: Baxter International (NYSE:BAX), Alaska Air (NYSE:ALK) and Torchmark (NYSE:TMK).

Source: Motley Fool

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