3 Rock-Solid Dividend Stocks That Just Raised Their Payouts

One way you can add some stability to your portfolio today is by investing in dividend stocks. But you also don't want to settle for just any income stocks. Instead, you should look to add stocks with growing dividend payments, because they'll generate more recurring income for your portfolio over the long term. Below are three dividend stocks that are not just stable investments, but also have excellent track records of increasing their dividend payments in recent years. And all three also raised their payouts again in July.

Walgreens Boots Alliance (NASDAQ:WBA) is a top pharmacy retailer that's a household name in the U.S. Its stores are convenient one-stop shops for many people looking to load up on essentials during the coronavirus pandemic. J.M. Smucker (NYSE:SJM) doesn't have as impressive a streak as Walgreens, but the packaged-goods company is doing well, inching ever closer to joining the exclusive Aristocrat club. Canadian Pacific Railway (NYSE:CP) provides investors with a great way to diversify outside of U.S.-based stocks. The Canadian railway operator doesn't pay as high a dividend as the other two stocks on this list, but it is bolstering its payouts.

Source: Motley Fool

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