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Dividends Can Be Doubled Of Those With 3 Attractive Dividend Stocks

Dividends Can Be Doubled Of Those With 3 Attractive Dividend Stocks

To quote Cousin Eddie in National Lampoon’s Christmas Vacation, dividend shares are the items that carry on giving. It is nice to have a stock that pays you to own it. Even better is a dividend inventory that offers buyers good regularly raises by growing the dividend payout.

 The excellent news is that you would be able to. Here is why Financial institution of America (NYSE: BAC), Oracle (NYSE: ORCL), and UnitedHealth Group (NYSE: UNH) particularly stand out as likely candidates.

Bank of America’s dividend yield at the moment stands at somewhat over 2%. However, over the past five years, the financial services company’s dividend hasn’t simply doubled; it has tripled. Throughout that interval, Bank of America’s share price has almost doubled.

Bank of America should not have any drawback continuing to spice up its dividend, potentially even doubling it over the following few years. The corporate’s dividend payout ratio is a low 21.35%, indicating loads of financial flexibility to extend dividend payouts.

Shareholders must be rewarded in another essential way, too. Bank of America approved a massive $30.9 billion share buyback over the following 12 months. Whereas $0.9 billion of that amount will probably be new shares to offset share-based compensation awards, a whopping $30 billion will cut back the total number of outstanding shares. This buyback amounts to an “invisible dividend” that may instantly profit Bank of America shareholders.

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Mary Chesterton

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