7 Dividend-Paying Growth Stocks To Buy for the Best Of Both Worlds

 

It's tough to find excellent growth stocks that also pay high dividends, but this list has you covered

 


Despite the heavy economic toll, last year’s recession was one of the shortest in history. Due to quick action by the Federal Reserve, the stock markets have recovered handily from the novel coronavirus pandemic, and the first quarter was marked by intense price momentum for growth stocks.

 

However, despite a pretty quick economic recovery, dividend stocks suffered massive hits last year. Understandably, with businesses suffering due to prolonged lockdowns, companies had to make tough decisions, including dividend suspensions that could cause some hurt to income investors.

 

Now that the dust has settled, though, it seems that it’s a perfect time to look at the dividend stocks that weathered this storm and came out on top. Although the occasions were rare, there were several companies that not only maintained their payouts but boosted dividends. If that isn’t a hallmark of a great dividend stock, then I don’t know what is.

 

But before we take a deep dive into these individual names, it’s also worth noting that we have compiled this list to include companies that are high growth names as well. This is because unlike bonds that pay a fixed principal and interest, dividend growers need to keep increasing payouts. And they can only do that if they have a high degree of financial soundness that can help maintain the dividend payouts year after year.

 

 

With those factors in mind, here are seven companies that are growing their payouts alongside giving a solid bottom-line performance:

 

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