This Stock Just Announced A Cosmic 20% Dividend Increase

I've been a dividend growth investor for more than a decade. What's dividend growth investing all about? Well, it's a strategy that advocates buying and holding shares in world-class enterprises that pay reliable, rising cash dividends. This is highly intuitive when you think about it.

Why invest in a company that isn't profitable? And why invest in a company that doesn't share profit with the owners? This strategy is basically a custom fit for financial independence and even early retirement. If you want to achieve financial independence, you need a sustainable source of growing passive income. Investments that don't offer income? Forget about it. The last thing you'd want to do is work for many years, build up a war chest of assets, and then have to sell off those assets to cover your bills. You run the risk of running out of money.

I now want to tell you about three dividend stocks, possibly the best stocks to buy now, that are now laying more golden eggs, because they just increased their dividends. Let's dig in.

The first dividend increase I want to tell you about came from American Tower Corp. - stock ticker AMT. Only 2.5%? That might seem like a bummer in comparison to their five-year dividend growth rate of 19.1%. But here's a little secret. That means this dividend increase is likely just the start of a few more to come this year.

And with their towers being critical to the rollout and function of 5G, they're almost certainly just getting started. The stock doesn't look extremely cheap here. But after the big pullback from $270/share, it now looks reasonably valued. The next dividend increase I want to share with you came from General Dynamics Corporation - stock ticker GD.

What's better than golden eggs? More golden eggs. And that's exactly what you're getting here with this powerhouse of a defense company. The dividend continues to grow like clockwork. And that comes on top of the stock's yield of 2.75%.

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