Several big-name stocks across the consulting, defense, and consumer discretionary industries are adding more weight to their dividends. Two of these names have sizable yields above 2.5%, while a low-yield name has strong potential to continue increasing its dividend over time.
Among this group, recent developments at coffee giant Starbucks (NASDAQ: SBUX) stand out. Despite a very high payout ratio and being in the midst of a turnaround, the company is boosting its dividend and has reportedly explored purchasing a massive restaurant chain.
