Retirees on Social Security just got a big pay bump, but investors in these dividend stocks have been getting even bigger increases for more than a decade.
Social security recipients are getting some relief from rising inflation next year with an 8.7% raise to their monthly payments, the Social Security Administration announced Thursday. It’s the largest cost-of-living adjustment since 1981, but if you are an investor looking for stocks whose dividends are growing at an even faster rate than 8.7% per year, Forbes found more than 50 with market capitalizations over $1 billion that fit the bill.
Investors in San Jose-based chipmaker Broadcom
AVGO are receiving $16.40 per share in annual dividends, up from just 56 cents per share 10 years ago. That 2,800% cumulative increase represents 40% compounded annual growth during that span.
