Long-time dividend growth investors know the power of patience.
The best dividend stocks (companies that raise their payouts like clockwork decade after decade) can produce superior total returns, even if they sport ho-hum yields. This is because regular dividend increases also lift the yield on an investor’s original cost basis. Stick around long enough, and the unimpressive 1% yield you received on your initial investment can grow by leaps and bounds.
You might think that these stocks would inherently cost a lot more. Sure, there are plenty of stocks with attractive dividends that have high share prices. There are exceptions, though. These stocks on my watchlist this week won’t break the bank but are among the best dividend stocks for income growth over the past few decades.
- People’s United Financial (PBCT)
- Cardinal Health (CAH)
- Amcor (AMCR)
- Aflac (AFL)
- Franklin Resources (BEN)
Are any of my Top 5 already on your Watchlist? Reply back and let me know.
Enjoy your weekend and stay tuned tomorrow morning for our in-depth breakdown of People’s United Financial (PBCT).