8 Dividend Stocks Raising Their Yield on Cost

Dividend growth stocks are the best kept secret on Wall Street. These companies provide early investors with a growing stream of dividend income, which increases their yields on cost. Few investors recognize the potential of solid companies paying yields of 2%-3% today that consistently grow distributions. Such investments could produce a double digit yield on cost over time to early investors. For example, investors who purchased Lowe's (LOW) shares 15 years ago are generating a 12.60% yield on cost today. Those lucky few who purchased when Lowe's became a Dividend Aristocrat 24 years ago are sitting on an yield on cost of over 100%. Several dividend growth stocks increased distributions last week, which increased yields on cost for its investors. The companies include: Lowe's Companies, Inc. (LOW), together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. This Dividend Aristocrat raised its quarterly... Read more