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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%.
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%.
Sunday School Teacher's "Retirement Career" Made Him a Millionaire [Claim Your Free Book]
"It's a money machine, plain and simple. Just keep turning the crank, and a steady stream of income can pour from it. The best part is once you set it up, practice it, and allow it to run, you'll be able to maintain it in 10-minute increments."