This Dividend Growth Stock Just Gave Investors a 10.6% Raise

It’s in volatility like this that the value of dividends truly shines through. The market could be having a massive sell-off, but when a company decides to pay a dividend, shareholders get a cash payout no matter how bad the tumble is in the company’s stock price. What could be even better for shareholders is a dividend increase. In an era filled with uncertainty—interest rates, trade wars, geopolitical tensions—few things cheer up investors more than getting a pay raise from their passive income portfolio...

That’s why today, I want to talk to you about one of my favorite dividend stocks that just raised its payout again, Magna International Inc. (NYSE:MGA). For those not in the know, Magna International Inc. is one of the biggest automotive suppliers in the world. The company’s specialties include body exteriors and structures, power and vision technologies, seating systems, and even complete vehicle solutions.

Source: Income Investors

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