Enjoy higher dividends in the future from these blue chips
Here come those tax cuts! If you are an American
corporation, especially a large publicly traded one, there is going to be a
windfall. Now, some of these companies will plow the savings back into their
businesses.
Others will repurchase stock, which I don’t generally like
considering how overvalued many of these companies are. Others may use the
money to pay down debt.
Still, others will have plenty of cash to reward
shareholders by increasing dividends. With taxes being cut from 35% to 21%,
that represents a 40% savings; companies paying tons in taxes may love the idea
of boosting their dividend to attract more income investors.
Here are seven companies I see as raising their dividends.
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