Companies such as Ford Motor and Quest Diagnostics are experiencing strong dividend growth thanks to a few factors. By Jeffrey R. Kosnett, Senior Editor From Kiplinger's Personal Finance, April 2013 Ford Motor, widely acclaimed for surviving the Great Recession sans aid from Uncle Sam, added an exclamation point to its run of prosperity when it recently hoisted its quarterly dividend from 5 cents per share to 10 cents. That may seem like small change, but to dividend hunters, it's a double. And to holders of Ford's 3.8 billion common shares, it's an additional $190 million in cash disbursements every quarter.SEE OUR SLIDE SHOW: 12 Stocks to Get Dividends Every Month Ford is on a roll. After 11 straight quarters of positive cash flow, it has $35 billion in cash and marketable securities. Receivables (such as payments that car buyers owe Ford's finance arm) offset much of Ford's debt, leaving the company with $10 billion in net cash. The 10 cent dividend is just 25% of the 40 cents per share Ford earned in the fourth quarter. That's below the average payout rate (dividends divided by earnings) of 30% for blue-chip companies that distribute cash. Ford can surely afford to raise its payout again in 2014 and beyond. Sponsored Content Many other companies are also boosting their dividends at a feverish pace. That's good news for investors. Buying a package of these dividend accelerators, as I call them, is a terrific strategy. Watch the dividends grow, and in all likelihood you’ll be richly rewarded over time. Dividend accelerators crop up in every sector, from retailing to technology. I studied some of these cases to see whether they have enough in common to put you on the trail of other potential accelerators. It turns out that there are at least three varieties: Cost-cutters. It's possible to fatten dividends by greatly improving a business's profitability. Quest Diagnostics (symbol DGX, $58), a chain of medical labs, paid 10 cents a quarter in 2011, raised its dividend to 17 cents last year and went to 30 cents in 2013 (share prices are as of January 31). Quest's mantra is to deliver "meaningful" dividend growth, and, juiced by an ongoing program that aims to chop annual expenses by $500 million (the equivalent of $3.16 per share) in 2014, the company should be able to do just that. Quest's goal hinges in part on whether tens of millions of newly insured Americans will take enough tests to hike the profit margin on each analysis. If so, Quest could easily double its current dividend rate. Advertisement Crowd followers. In explaining why its dividend shot up from 6 cents twice a year in 2010 to 50 cents a quarter now, Agrium (AGU, $113) said that one reason was that it wants its shares to yield as much as its fertilizer-industry rivals, such as Potash Corp. of Saskatchewan (POT). Because Agrium's stock has been rising steadily, its current yield is just 1.8%. But it won't stay that low, and your yield on the current cost will sprout as the company boosts its distribution. A lot of cash, low payout ratio. The energy business in the U.S. is booming, and Helmerich & Payne (HP, $64), which owns and operates drilling rigs, is a major beneficiary. In the first quarter of 2013, H&P raised its quarterly dividend 114%, from 7 cents to 15 cents per share. Even so, H&P yields less than 1% and pays out just 10% of its earnings. So it's hardly a stretch to predict that H&P will increase its dividend significantly if it continues to prosper in the drilling game. Other accelerators include Equifax (EFX, $59, 1.2% yield), a provider of credit reports; KBR Inc. (KBR, $31, 1.0%), the global construction company; and clothes-maker Ralph Lauren (RL, $166, 1.0%). I'm not immodest enough to think that I can divine the next dividend dreamboats. But there are clues: great cash flow, low debt, a growing business, bosses who talk about dividend growth to analysts and stockholders, and a below-average current yield and payout ratio. That combination offers more scope for dividend growth than, say, a Kimberly-Clark (KMB), which yields 3.3% and already disburses 67% of its earnings. Jeff Kosnett is a senior editor at Kiplinger's Personal Finance.