This Stock Is Up Over 60% And Just Raised Its Dividend By 12%

Before I get into today's content, please give us a thumbs up if you find value in our videos. This helps us to get the word out and grow the channel. I really appreciate it. I've been living off of dividends since 2016. It's as great as it sounds. Actually, it's better than it sounds.

That's because I'm not just living off of dividends. I'm living off of growing dividends. That's right. My passive dividend income is increasing all by itself. See, I invest in and make videos on high-quality dividend growth stocks, including the best stocks to buy now. These are stocks that pay reliable, rising cash dividends. Because the businesses are producing reliable, rising profits.

These businesses are able to do this because they're providing the products and/or services the world demands. Since inflation means life will get more expensive over time, you need to make sure your passive income is up to the task and can also grow over time. And that's where dividend growth investing comes in. Every time one of your dividends is increased, it makes living off of your dividends that much easier.

With that in mind, I want to tell you about three dividend growth stocks that recently increased their dividends.

The first dividend increase I want to tell you about came from Innovative Industrial Properties Inc. - stock ticker IIPR.

This real estate investment trust specializes in properties used for the medical-use cannabis industry, which could set it up for phenomenal long-term growth.

A 6.5% dividend increase sounds great. But it's a lot better than it looks when you see that it comes on top of a dividend that was increased by 6% just last quarter. And this incredible growth comes on top of the stock's current yield of 3%.

But every eventual dividend growth titan has to start somewhere. And this thing is off to a blazing start. The second dividend increase comes courtesy of Globe Life Inc. - stock ticker GL.

1 2
View single page >> |

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 ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.