As The Housing Market Is Going Gangbusters, This Stock Is Raising Its Dividend By 33%

Dividend growth investing is a fantastic long-term investment strategy. It gives you the opportunity to build a gaggle of golden geese who lay ever-more golden eggs.

The golden geese are world-class businesses that produce reliable, rising profits by selling the products and/or services the world demands. And the golden eggs are the reliable, rising dividends that are funded by those reliable, rising profits..

If you can set yourself up so that you live only off of the growing pile of golden eggs, that’s a path to nearly indestructible financial freedom and security. By letting the golden geese get bigger and bigger over time, you could end up in a situation where you’re overrun by golden eggs. And what a great situation that would be.

Indeed, many high-quality dividend growth stocks are increasing their dividends at rates that vastly exceed the rate of inflation.

So even while things continue to get more expensive every year, passive dividend income from high-quality dividend growth stocks often goes up even more.

Today, I want to tell you about three dividend growth stocks that just increased their dividends. Ready?

Let’s dig in.

#1 Stock Rewarding Shareholders: Medtronic (MDT)

Medtronic just increased its dividend by 8.6%.

This is one of the best and most reliable dividend growth stocks out there. Your bills are very reliable, right? Every month, the bills continue to roll in. Well, you want to make sure your passive dividend income is just as reliable.

#2 Stock Rewarding Shareholders: Flowers Foods (FLO)

Flowers Foods just increased their dividend by 5%.

Not a massive, double-digit dividend increase. But this stock has typically been a pretty stout income producer. Indeed, the stock yields 3.5% here. While recent dividend growth has slowed compared to the 10-year dividend growth rate of 8.7%, you’re still looking at a nice combination of yield and growth.

#3 Stock Rewarding Shareholders: Lowe’s (LOW)

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Disclaimer: Please consult with a licensed investment professional before investing any of your money. Never invest in a security or idea featured on this channel unless you can afford to lose ...

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