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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