We are bringing YOU the 5 dividend stock investments that are set to increase their dividend in October 2020! The Dividend increase is one of many reasons why we love dividend investing! Dividend increases are highly important as a dividend stock investor, as you are receiving dividend income as your source of passive income, on your journey to financial freedom, and you want that passive income stream to GROW! This video features several expected dividend increase upcoming from legendary dividend growth stocks.

Reference items:
►Dividend Diplomat Stock Screener: [ Ссылка ]
►Dividend Aristocrats - Who & What are They?: [ Ссылка ]
►Top 5 Foundation Stocks for YOUR Portfolio: [ Ссылка ]
►5 Expected Dividend Increases in October 2020 (article): [ Ссылка ]

The 5 dividend stocks are all household names. Each dividend stock pays a critical role in our lives, whether we realize it or not. From powering our houses to powering our cashless transactions, the stocks on this list have grown their earnings, and dividends, year after year.
Some of the dividend stocks on this list are even Dividend Aristocrats (25+ consecutive dividend increase). Talk about demonstrating your ability to increase your dividend and grow shareholders’ passive income stream consistently!

Without further ado, here are the big 5 dividend stock investments set to increase their dividend this October 2020:

Visa (V): The credit card giant is at the top of their industry. Almost everyone has a little plastic card in their wallet with the Visa logo on it. Visa continues to benefit from our transition from a cash to cashless society. Their dividend yield may be low (less than 1%); however, the company has insane dividend growth rates. Their 5 year average dividend growth rate is 20%!

VF Corp (VFC): The company’s name may not ring a bell. However, you certainly know their products. Have you ever heard of North Face, Dickies, Timberland, and Vans? Those brands are the cornerstone of VF Corp’s portfolio. The Company is a Dividend Aristocrat and is on the doorstep of becoming a dividend king. October will mark their 48th consecutive dividend increase. Their 5 year average dividend growth rate is just below 9%. However, both of us are expecting this dividend stock to announce a lower dividend increase in 2020 due to the pandemic.

American Electric Power (AEP): The electric utility headquartered in Columbus, Ohio is one of Bert’s favorite, and best performing, investments! Utility companies continue to generate consistent earnings and cash flow, as customers still need electricity during the pandemic. AEP’s 5 year average dividend growth rate is just under 6%. Not bad for a company yielding 3%+.

Iron Mountain (IRM): Iron Mountain is the document storage and cloud company that we all know and love. Their dividend yield is between the 8%-9% range. That even beats our favorite Foundation Stock AT&T’s dividend yield! The company’s trucks are everywhere. In fact, I passed several on the highway yesterday. The company has consistently increased their dividend over the last decade. IRM has recorded strong dividend increases in the past; however, neither of us are expecting a large dividend increase in 2020.

Rockwell Automation (ROK): Last, but definitely not least, Rockwell Automation. The industrial giant has been a staple of Lanny’s portfolio for the last half of the decade. ROK’s stock continues to perform well in 2020, despite the global pandemic. Their dividend yield is in line with the market (~1.7%) and their 5 year average dividend growth rate is strong (9.5%).

Do you own any of those dividend stocks? What do you think the dividend increase will be for the companies above? Share your thoughts and feedback in the comments, please! We are eager to see who makes the best estimate, including Bert and Lanny!

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As always, we recommend conducting your own research to make your own decisions.

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