Dividend stocks have long been the cornerstone of income-focused portfolios, offering investors a slice of corporate profits on a regular basis. Already in 2024, the best dividend-paying companies have announced plans to not only sustain their payouts, but raise them - signaling confidence in their financial health and future earnings prospects. Amidst a backdrop of increasingly volatile markets, here's a closer look at two standout dividend stocks that have caught the attention of income investors by raising their payouts.
Costco (COST), the membership-based retail giant, has raised its dividend by nearly 14% following a year of rising sales. Similarly, TJX Companies (TJX), the parent company of clearance stores like T.J. Maxx and Marshalls, has continued its decades-long streak of dividend hikes.
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