Forget Lloyds! I think this dividend growth stock will keep growing payouts

first_img “This Stock Could Be Like Buying Amazon in 1997” Image source: Getty Images. See all posts by Royston Wild Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Simply click below to discover how you can take advantage of this. Royston Wild | Wednesday, 1st April, 2020 | More on: BEG Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended Lloyds Banking Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img Our 6 ‘Best Buys Now’ Shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. It’s no surprise that Lloyds’ decision — along with some of Britain’s other blue-chip banks — to cut dividends has dominated headlines today.Our banks have been some of the FTSE 100’s biggest payers of shareholder rewards in recent times. HSBC in fact was the 10th largest dividend payer on the planet in 2019. Their decision to stop payouts to conserve cash leaves a hole in plenty of share pickers’ investment portfolios.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Another brilliant buyWith the progressive dividend policies of Britain’s blue-chips falling like dominoes it pays to be more careful. I recently explained why Sylvania Platinum is one share that should keep doling out big financial packages to its shareholders, despite the tragic coronavirus breakout. It’s one of many safe-haven or counter-cyclical companies that I’d happily put my own cash into today.Begbies Traynor Group (LSE: BEG) is another stock outside the Footsie that should thrive in the current environment. Unfortunately it stands to benefit from a likely explosion in the number of companies encountering financial distress and becoming insolvent.More bad newsThe threat to British business as the country locks down to combat Covid-19 was laid bare by a report released today by Corporate Finance Network. The body — which represents accountancy firms the length and breadth of the land — undertook research among 13,000 small-to-medium enterprises (SMEs). And the results were shocking.The network found that 18% of businesses are in danger of going to the wall over the next four weeks, in spite of government support. It warned that the number could keep ballooning, commenting that “if the lockdown lasts three months or more, the situation looks even more dire with accountants in the network reporting that 31% will have to close down their business by June.”Top value, inflation-beating dividendsSignificant difficulties for the UK economy should see Begbies Traynor come into its own. So it’s odd that the insolvency specialist has been cast off along with more cyclical shares. It’s down 7% over the past six weeks or so and I reckon this is a prime buying opportunity.The robustness of Begbies Traynor’s operations are underlined by City forecasts. Brokers expect the FTSE 250 business to keep growing annual earnings by mid-teen percentages through the next couple of fiscal years at least.This provides the bedrock for expectations of more dividend growth too. This leaves the business sporting chunky yields of 3.5% and 3.8% for financial 2020 and 2021 respectively. Begbies Traynor appears to be in good shape to meet these expectations, with dividend coverage sitting around 2 times and the company generating boatloads of cash.In my opinion, this is one dividend stock that should be commanding plenty of attention from investors today. And its low P/E ratio of 12.2 times seals its brilliant investment case, in my opinion. Enter Your Email Address Forget Lloyds! 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