3 Attractive Dividend Stocks Whose Dividends Could Double

Good deals on dividend stocks are hard to find in today's market. Valuations have gotten stretched thanks to years of low interest rates, and conservative income investors have moved their money out of the bond market and into stocks in search of better returns. While quality high-yield stocks may be difficult to come by in this kind of environment, there is an alternative: Focus on growth. For long-term investors, attempting to pick growing dividend payers may be a better strategy for outperforming the market. Below are a few dividend growth stocks I think are worth considering.

Since it joined the ranks of dividend payers in 2010, Starbucks (NASDAQ:SBUX) has raised its quarterly payout by 20% or more in each subsequent year. Over that time frame, the coffee giant's quarterly dividend has tripled from $0.10 to $0.30. Few brick-and-mortar retailers are executing as effectively today as Costco Wholesale (NASDAQ:COST). The membership-based warehouse giant has consistently put up comparable-store sales growth in the high single-digit percentages. With the exception of two Great Recession-era years, Nike (NYSE:NKE) has raised its dividend by 10% or more every year since 2004. The Swoosh has been a top-performing stock over the last generation as it grew into global sportswear empire.

Source: Motley Fool

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