3 companies with massive dividend increases this year

Strong business performance has allowed these companies to increase dividends by at least 20%.

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For an income investor, earnings season is more likely to be thought of as dividend season. That lovely time of year where the companies decide how much cash to pass along to shareholders.

After seeing the results roll in, here are 3 companies which decided to give their shareholders a very large income boost this year…

Flight Centre Travel Group Ltd (ASX: FLT)

The global travel agency business posted a pretty decent result, with earnings-per-share growing by 12%. Flight Centre was able to increase its net profit margin and aims to boost it further over the next few years.

Business in Australia was slow, with revenue growing only 1%. This was offset by a solid performance from the America region, as well as strong growth in Europe and the Middle East.

The best part is, this resulted in a whopping 20% increase in dividends for the year.

CSL Limited (ASX: CSL)

Last week, CSL nudged past Westpac Banking Corp (ASX: WBC) to become the third largest listed company in Australia.

The healthcare giant now boasts a market cap of over $100 billion. And it's no wonder. CSL continues to deliver great results year after year. Sales of its vaccines and other products continue to be strong.

Management also spends a healthy amount on R&D each year, as well as having several innovative products in the trial phase.

Earnings-per-share jumped by 32% and the dividend was increased by an impressive 26%.

Corporate Travel Management Ltd (ASX: CTD)

Another company that continues to keep delivering year after year. Corporate Travel Management experienced growth in underlying net profit after tax of 34%, and underlying earnings-per-share increased by 29%.

Earnings increased in every region, with Europe showing the strongest growth. A solid global performance allowed the company to increase the dividend by 20% this year.

As total transaction value and margins continue to grow, the company expects another year of 15%-20% growth.

Foolish takeaway

If you're looking for companies with the ability to grow dividends in the years ahead, these businesses each have runs on the board. You'll find another company boosting its dividend in the free report below.

Motley Fool contributor Dave Gow owns shares of Corporate Travel Management Limited. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited and Flight Centre Travel Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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