This Stock Is Giving Its Investors A 12.9% Dividend Raise

I can't overstate how amazing the dividend growth investing strategy is. A major reason for this is right in the name of the strategy. Dividend growth. That's right. I'm talking about not just dividends but growing dividends. See, passive income is fantastic. But it's not so fantastic if it isn't growing. If it's not growing, it'll get eaten alive by inflation over time. Well, dividend growth investing takes care of this. It has built-in inflation protection through dividend growth. That's the dividend increases high-quality businesses are reliably announcing year after year. These dividend increases are like "pay raises" to shareholders.

Today, I want to tell you about three high-quality dividend stocks that just announced dividend increases.

The first dividend increase you should know about came from Procter & Gamble (PG).

Procter & Gamble just handed their shareholders a 10% "pay raise" with their recent dividend increase.

This marks the 65th consecutive year of dividend increases for the consumer products company.

Procter & Gamble is a classic dividend growth stock offering a great combination of quality, yield, and growth on the back of a business selling necessary everyday products like toothpaste and soap.

The second stock I want to tell you about is Costco Wholesale (COST).

Costco just announced a 12.9% dividend increase. That kind of dividend growth is what makes Costco shareholders happy. After all, it's not a big income producer. The stock only yields 0.9%.

This is a long-term compounder that'll just exponentially grow your wealth and passive income. The stock has compounded at an annual rate of 20% over the last 20 years, which is incredible.

As long as that track record is, and as mature as the business might seem, they're really just getting started in many ways. With a P/E ratio coming up on 40, it's not a cheap stock by any means. But if you get the opportunity to snag a small discount on this discount retailer, take it.

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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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