This HighYielding Dividend Stock Just Boosted Its Payouts

Stocks that hike their dividend payments are valuable because unlike stagnant dividend stocks, investors can collect more money from these types of investments over time. For example, if a dividend payment were to rise by 5% every year, then the amount of dividend income you would receive would double in 14 years. It gives investors an incentive to buy and hold. One stock that recently raised its dividend was logistics company United Parcel Service (NYSE:UPS). Last month, it announced it would be raising its dividend by 6.6%, up to $1.62 per share. With the increase, the stocks yield is now an…