Today, I want to tell you about 3 dividend growth stocks that just increased their dividends.

The first dividend increase you should know about came from Accenture Plc (ACN). Accenture just increased their dividend by 10.2%. How about that? If you thought collecting an auto-pilot dividend from a company was sweet, then how sweet is it to collect a dividend that auto-pilots itself higher? All Accenture shareholders had to do to receive this pay raise was to sit on their hands and not sell shares. It doesn't get any easier than that.

Next up, let's talk about the dividend increase that came in from Lockheed Martin Corporation (LMT). Lockheed Martin just increased their dividend by 7.7%. This dividend increase was almost exactly what I was expecting from them. The business just keeps on delivering. As long as the United States needs sovereign defense, which is going to be forever, Lockheed Martin should do well. After all, they're the largest defense contractor in the world headquartered in the world's largest buyer of defense products and services. This is the 19th consecutive year of dividend increases for the defense contractor. This stock gives you a pretty nice combination of yield and growth. The five-year DGR is 9.8%. So we're talking about high-single-digit dividend growth here. And then you're pairing that with a yield of 3.2%. Awfully compelling. And even after this nice dividend increase, the payout ratio is only 43.9%. So there's plenty of room for many more dividend increases. This stock has performed relatively poorly this year, and I see it as one of the best long-term investment opportunities in the market right now. It's up less than 3% YTD. I'm shocked by this. The business continues to land 10-figure contract after 10-figure contract and put out great numbers, yet the stock flounders. I analyzed and valued the stock in May, showing how shares could be worth about $500/each. It's at about $353/share right now, so the upside, in my view, could be tremendous.

Last but not least, I have to tell you about the dividend increase that was announced by McDonald's Corp. (MCD). McDonald's just increased their dividend by 7%. I'm lovin' it. Another world-class business. Another sizable dividend increase. It's like seeing the sunrise in the morning. That's how consistent dividend growth investing can be. And with billions of people all over the world enjoying this company's food every single day, you already know that this dividend is set to continue growing like clockwork. This dividend increase is almost right in line with the five-year DGR of 7.9%. And this high-single-digit dividend growth is paired with the stock's yield of 2.2%. Not bad at all. I analyzed and valued McDonald's earlier this year. I estimated that shares have an intrinsic value of just under $236/each. The stock has climbed quite a bit since I put out that video, but I don't see the stock as extremely expensive right now, even though it is slightly ahead of what I've pinned as fair value. You could do a lot worse than pay a fair price, or even a slight premium, for a world-class business like McDonald's.

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