Updated: July 13, 2016
If you think dividend stocks are about to soar, wait until you see what happens with the select subset that is actually accelerating its payouts.
Low rates for longer means net present value calculations look great for stocks that pay meaningful yields. And those that are boosting their dividends at an increasing rate are basically breaking Wall Street’s spreadsheets.
Take CoreSite (COR), a developer and landlord for data centers that we first discussed in March. The company had recently increased its payout by 26%, an acceleration over last year’s “mere” 20% boost:
Investors who bought CoreSite the day it declared the latest increase are sitting on 54.9% gains in just over seven months.… Read more