This Dividend Stock Just Announced A Mammoth 20.5% Dividend Increase

I want to tell you about three recent dividend increases by dividend stocks that may have given a big boost to your passive income. Could these be the best stocks to buy now? Or the best dividend stocks 2021? The first dividend increase I want to share with you came from Digital Realty Trust (DLR). Digital Realty Trust just increased their dividend by 3.6%. Not a humongous pay raise. But it came to shareholders without doing anything. More money is never, ever a bad thing. And this dividend increase should have context. This stock yields 3.5%.

So it's a pretty nice balance between both yield and growth here. Stocks that have higher yields tend to have lower growth rates, and vice versa. It's up to shareholders to decide where they want to be in that matrix.

The second dividend increase I want to tell you about came from Home Depot (HD). Home Depot increased their dividend by 10%. A double-digit dividend increase always makes me smile. This business is just killing it across the board. And long-term shareholders are reaping the rewards.

And so do shareholders. Profits are through the roof, which is why they're able to hand out a big dividend increase. This marks the 12th consecutive year of dividend increases for Home Depot.

The third dividend increase I'm sharing with you came by way of Domino's Pizza (DPZ).

Check this out. Domino's increased their dividend by a whopping 20.5%. That'll pay for some pizza, folks. If you're a shareholder, this is the easiest 20% pay raise you'll ever get in your life. Domino's benefited big time from how the pandemic situation played out and increased demand for pizza delivery.

As with Home Depot, Domino's is in the right business at the right time. But that was also true before the pandemic. And it'll be true after the pandemic. Keep in mind, Domino's was handing out double-digit dividend increases before all of this happened. And they're in a great position to keep it up.

And more dividend increases are about as sure to fall into place as, well, dominos. The stock doesn't look super cheap here. But it's difficult to expect a big sale on a stock when it's firing on all cylinders like this.

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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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Roger Keats 3 years ago Member's comment

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