These 3 Dividend Growth Stocks Are Raising Their Dividends

Not the biggest dividend increase in the world. But it does beat inflation. And this increase is in a very long line of dividend increases.

The stock saw a massive pandemic-induced spike, as people rushed out to stock up on cleaning supplies. The stock has come back down, though, and is down more than 11% YTD. Many of its basic valuation metrics are in line with, or even slightly below, their respective recent historical averages. The stock now yields 2.6%, which is 20 basis points above the stock's own five-year average. Could be a good time once again to stock up on this name.

Last but not least, let's talk about the dividend increase that came in from LyondellBasell Industries NV - stock ticker LYB.

This is a pretty strong dividend increase, especially considering that the stock yields 4% right now. The stock gives you a compelling combination of yield and growth. It's a nice balance between the two.

The stock has been on a tear over the last year, up by about 50%. And it hasn't slowed down into 2021, either. It's up 23% YTD. But this was one of those stocks that got so beaten up during the pandemic crash last spring, it's basically just rebounded back to where it probably should be.

It's only slightly above where it was in late 2019. And we're almost two years on from that point. The stock's five-year average yield is 4.2%, so there's not a huge delta there. I wouldn't say it's undervalued, but it is a higher-yielding chemicals stock to consider, especially if it were to dip back down to the $100/share level.

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