12 Consumer Stocks On Track To Double Dividends In The Next 5 Years

With income investors seeking dividend stocks, many high yield stocks have been priced too high in the markets. One alternative is to look at stocks for growth and income. These stocks already pay a dividend but they will also raise their dividends in future years. Many of these stocks will potentially double their dividends in the next five years based on future company growth. To double a dividend in 5 years using the rule of 72, a company must average an annual dividend growth rate at around 15%. This article identifies 12 consumer stocks that are on track for a dividend double in the next five years (see table below). PetSmart (PETM) is a multichannel retailer of pet food, supplies, and services in the United States. The company operates 1,150 stores with an average size of 23,000 square feet. PETM appears well positioned for market share gains in the coming... Read more