With that firmly in mind, let's take a look at three very recent dividend raises from a trio of top-flight companies in their respective fields -- Nike (NYSE: NKE), PepsiCo (NASDAQ: PEP), and McCormick (NYSE: MKC). In what has to qualify as a nice holiday gift, Nike is playing Santa with an 11% hike to its quarterly payout. In the inaugural quarter of Nike's fiscal 2022, the company managed to lift its revenue by 16% year over year to over $12 billion -- no mean feat given the supply disruptions engendered by the coronavirus pandemic.
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One way you can improve your financial situation is by holding some top dividend stocks in your portfolio. A safe way to secure that recurring income is by investing in Dividend Aristocrats. Two such stocks that can generate significant cash for your portfolio are Walgreens (NASDAQ: WBA) and PepsiCo (NASDAQ: PEP).