Income-yielding stocks that pay dividends are a smart choice for any portfolio to maintain. Dividends pay investors quarterly from the profits the company earns and provides immediate income to investors.
These two companies are positioned perfectly to more than double their dividend payouts in the future:
1. Lowe’s (LOW)
Lowe’s increased their dividend this year for the 54th year in a row. The company has positioned itself well to deal with competition from online retailers. Consumers are far more reluctant to buy home improvement products online and like the personal experience at Lowe’s.
The company boasted 7.5% same-store sales growth in fiscal Q1 2017.
The company offers a 1.8% dividend yield and has a forecasted EPS of nearly $6 by 2020. Payouts are $1.40 per year, and are expected to climb much higher over the next four years as a result.
2. Worthington Industries (WOR)
Worthington is a company reliant on growth in the United States, which is an undeniable concern for the company. The company is a long-term bet, with 60% of its business company from construction and automotive industries.
Low interest rates are a benefit for Worthington.
The company’s dividend offers a 2% yield of $0.76. Worthington forecasts an EPS of $2.66 in 2017, and has the potential to double its dividend yield in the net 10 years.
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