You don’t have to up the risk to get more income in 2020
In 2019, S&P 500 companies paid out a record $485
billion in dividends. Even though we’ve started 2020 with this bloodletting,
it’s still likey there will be lots of S&P 500 stocks to buy that will
increase their dividends by more than 10% year-over-year.
In 2019, several S&P 500 stocks saw their dividend
yields rise significantly as their share prices fell dramatically. One of the
biggest losers was Macy’s (NYSE:M), whose yield started 2019 at 5.1% but now
yields 22.67% due to a 60% decline in share price.
While it’s possible that the S&P 500 duds of 2019 will
be the winners of 2020, the S&P stocks I’m going to recommend in this
article are those companies that have already raised their dividend payments by
10% or more.
It’s far more critical that a dividend payer can sustainably
increase its annual dividend from one year to the next. It’s far less important
what the yield brings.
Here are my 10 S&P 500 stocks to buy that will increase
their dividends by double digits in 2020.
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