4 Stocks to Buy for Big October Dividend Hikes

Looking for consistent, double-digit dividend hikes? Bad news: your job is getting harder. According to S&P Dow Jones Indices, US companies collectively increased their dividends by $6.0 billion in the third quarter (net of cancellations). Sounds great, right? Too bad that number has plunged from the $7.3 billion in hikes announced in the second quarter—not to mention the $10.0 billion of increases rolled out in the third quarter of 2015. The bottom line? Dividend growth is slowing—and faster than most investors think. Worse, your odds of getting whacked by a surprise dividend cut are on the rise: the number of companies slashing their payouts hit 667 in the 12 months ended September 30, up 55.5% from the previous 12-month period. Dividend Aristocrats Cheap Out ... Read more
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