Dividends4Life: Members of Congress Own These High Dividend Stocks, Should You?

Dividend Growth Stocks News

So Congress is full of millionaires. Did you know some of that income comes from high dividend stocks? Milestone alert: for the first time in history, the majority of the 534 members currently serving in Congress are millionaires. The Center for Responsive Politics, a nonpartisan organization that tracks money in US politics, analyzed the latest personal financial disclosures filed in 2013 and discovered that 268 members have an average net worth of at least $1 million. According to the Center, only 48% of Congress, or 257 members, were millionaires the previous year.

Generally, Democrats were wealthier than Republicans, with $1.04 million in median net worth compared to almost $1 million for the GOP. Senators also tend to have more money than Representatives, with a median net worth for the former of $2.7 million versus the latter’s $896,000. Do you think members of Congress are on the right track with these dividend stocks: Kraft Foods Group, Inc. (KRFT), Kimberly-Clark Corporation (KMB), Ford Motor Co. (F), ConocoPhillips (COP), McDonald's Corp. (MCD)...

Source: Kapitall Wire

Related Articles:
- Free Cash Flow Payout vs. Dividend Payout
- 9 Dividend Stocks Trading at a Double-Digit Discount
- 6 High-Dividend, Low P/E Value Stocks
- How Much Money Will You Need Before Retiring?
- The 2013 Dividend Achievers



Post a Comment

Note: Only a member of this blog may post a comment.