3 Attractive Income Stocks Whose Dividends Could Double

A company that pays a meager dividend does not need to exert much effort to double its payout in a short amount of time. What is much harder to accomplish is delivering significant income growth from the higher base of an already attractive payout. That said, it is not impossible to find these rare gems. In fact, I have uncovered three companies that clearly have the capacity to double their generous dividends over the next few years.

Natural gas pipeline giant Kinder Morgan (NYSE:KMI) currently pays investors a decent 2.4% yield, which is well above the market's average rate of 2%. Midstream general partner Williams Companies (NYSE:WMB) chose to reduce its dividend so it could redirect that cash toward growth projects. Canadian oil pipeline giant Enbridge (NYSE:ENB) does not offer investors the same catalyst of a potential 100% dividend increase as soon as 2018. Instead, what the company does provide is a higher yield now, lately around 3.7%, with the likelihood of double-digit annual increases for the next several years.

Source: Motley Fool

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