Dividend stocks are a favorite among investors seeking passive income. While high yields often attract income-seeking investors, the best dividend stocks are the ones that consistently increase their payouts year after year. Two retailers that have recently boosted their dividends by 13% are TJX Companies (TJX) and Costco Wholesale (COST). Consumer or retail stocks often miss the limelight that tech stocks get, but these companies have a strong track record of weathering economic cycles and generating consistent returns. Rising dividends often signal management's confidence in future cash flows and business performance.
Here’s why these two dividend stocks deserve a spot in your portfolio.
