3 Companies About to Hike Their Dividends by 10% or More

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With the volatility and uncertainty in the markets right now, it's reassuring to know you can rely on consistent income through dividends.

And if you own one of these three companies, you're about to get paid even more...

Caterpillar Inc. (NYSE: CAT) will increase its dividend forward yield by 10.26%, VSE Corp. (Nasdaq: VSEC) will increase its dividend payout by 14.29%, and PNC Financial Services Group Inc. (NYSE: PNC) will increase its dividend payout by 26.67%.

And aside from the dividend hike, VSEC really caught our attention because it just hit the "Buy Zone" on the Money Morning Stock VQScore™ system.

Now, let's take a look at some of our other favorite dividend stocks...

Top Dividend Stocks for July 2018

• Special Situation Strategist Tim Melvin loves finding value in an overpriced market. And he thinks he found another winner. "This stock has the prospects for extraordinary returns for patient, aggressive investors," Melvin said. With a dividend yield higher than what the bank will give you at almost 2% and a chance to triple your money, you have to see this.
• While dividends are a great source of additional income, sometimes investors have to sacrifice share price growth in the process. However, with these three stocks, you won't have that problem.
• Wall Street is ignoring two big trends right now: an aging population and the number of facilities needed to help seniors in their golden years. The population of those aged 60 and older is expected to double from 962 million in 2017 to 2.1 billion by 2050. And we have three ways to play it, with one company paying shareholders a dividend of 8.32%.

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