These 3 Dividend Growth Stocks Are Raising Their Dividends

Think living off of passive dividend income is awesome? What if it were more awesome than you think? Want to collect even more dividends than you were before? I used to play the Monopoly board game as a kid.

And I remember sometimes drawing the Chance card that said "bank pays you a dividend of $50". In fact, I have a framed version of that Chance card right next to me on my desk. So even as a kid, I had a dream of living off of dividends. I imagined walking out to my mailbox a few times per month to pick up my dividend checks.

Well, it's a lot better than that in reality. First, my dividends are digitally deposited automatically into my brokerage account.

I don't even need to walk to a mailbox. Second, these dividends are routinely increasing. That's because I invest in high-quality dividend growth stocks. What could be better than totally passive dividend income? Totally passive dividend income that's increasing all by itself. And that's what this video is all about. Today, I want to tell you about three dividend growth stocks that just increased their dividends.

The first dividend increase you should know about came from American Tower Corp. - stock ticker AMT.

I know. You might be asking yourself, what's so exciting about a 2.4% dividend increase? Well, American Tower tends to increase its dividend every. That's right. dividend increases. Gotta love it. And these quarterly increases add up - the stock's five-year dividend growth rate is 19.1%.

No, it's not the cheapest stock out there. But you get what you pay for. This isn't cheap junk. It's a phenomenal business. Most basic valuation metrics are elevated relative to their respective recent historical norms. Notably, however, the yield is right in line with its own five-year average. A dip would be great. But if you don't already own this name, you might want to put it on your radar.

The second dividend increase I want to tell you about came courtesy of Clorox Co. - stock ticker CLX.

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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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