3 High-Yielding Dividend Stocks That Hike Dividends By More Than 20% Each Year

I have searched for very profitable companies that pay very rich dividends and that raise their payouts by more than 20% each year. I have elaborated a screening method, which shows stock candidates following these lines. Nonetheless, the screening method should only serve as a basis for further research.
The screen's formula requires all stocks to comply with all following demands:
  1. The stock is included in the Russell 3000 index. Russell Investment explanation:
The Russell 3000 Index measures the performance of the largest 3000 U.S. companies representing approximately 98% of the investable U.S. equity market. The Russell 3000 Index is constructed to provide a comprehensive, unbiased, and stable barometer of the broad market and is completely reconstituted annually to ensure new and growing equities are reflected.
  1. Trailing P/E is less than 14.
  2. Forward P/E is less than 13.
  3. Average annual earnings growth estimates for the next 5 years is greater than 5%.
  4. Price to free cash flow is positive.
  5. Dividend yield is greater than 4.0%.
  6. Annual rate of dividend growth over the past five years is greater than 22%.
  7. The payout ratio is less than 65%.
  8. Read More