Turbo Dividend – This Stock Pays A High-yield Of 5.5% And Pays Out Monthly

Today, I want to tell you about six dividend growth stocks that just increased their dividends.

The first dividend increase I have to tell you about came from AbbVie Inc. - stock ticker ABBV. AbbVie just increased their dividend by 8.5%. Like I said earlier, what's so beautiful about dividend growth investing is the fact that you get rewarded with more income through inaction rather than action. All AbbVie shareholders had to do in order to get an 8.5% boost in their passive dividend income is sit on their hands and not sell their shares.

The second dividend increase we have to talk about came in from Black Hills Corp. - stock ticker BKH. Black Hills just increased their dividend 5.3%. Shareholders in Black Hills are now getting 5.3% more income than they were getting before. Don't you just love that? Everything is getting more expensive. We know this. But long-term dividend growth investors are prepared for inflation when their dividend income is shooting up every single year like clockwork. Another dividend increase I want to share with you is the one that came from Fidelity National Financial Inc. - stock ticker FNF. Fidelity National just increased their dividend by 10%. This isn't just a pay raise for doing nothing other than holding shares. It's a double-digit pay raise. I don't know if I ever got a double-digit pay raise from my day job, back when I still had it. But if I did, I had to do a lot of hard work to get it. Let me just say, being a shareholder is so much easier. this marks the 10th consecutive year of dividend increases for the title insurance company.

Next up, let's talk about the dividend increase that came from Main Street Capital Corporation - stock ticker MAIN. Main Street Capital just increased their dividend by 2.4%. Main Street? Or Dividend Street? I can't tell the difference. Because this company is lining a street straight from its coffers to shareholders' pockets. Gotta' love it, right? The business development company has increased their dividend for 11 consecutive years. As with Fidelity National, this is the second dividend increase this year for Main Street Capital. This follows up another 2.4% dividend increase announced in August. And the stock yields a market-smashing 5.5%. Oh, and this dividend is paid monthly.

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