These 2 Dividend Stocks Have More Than Doubled Their Payouts in 5 Years

Investing in a dividend stock that doesn't increase in value means that over the years, inflation will chip away at your recurring payments. Buying shares of a stock that typically raises its payouts can be a great way to not just hedge against that risk, but also lead to more cash flow for you and your portfolio over the long term. For a dividend to double within a span of five years means that a company has raised its payouts by roughly 15% every year.

That's a high percentage, but both Humana (NYSE: HUM) and Broadcom (NASDAQ: AVGO) have hiked their dividend payments at even greater rates. Below, I'll look at just how much their payouts have risen, whether there is room for more rate hikes, and if you should add these income stocks to your portfolio today.

Source: NASDAQ

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