Long-time readers know I’m a big fan of the insurance industry because of one quirk in their business model. Customers always pay premiums upfront, sometimes years before they ever file a claim. In the meantime, insurance companies can invest the cash as they please—pocketing any interest, dividends, and capital gains. Think of it as an interest-free loan. No other business in the world enjoys this kind of advantage...
It’s the “best dividend stock you never heard of.” That’s how I described niche insurer RLI Corp (NYSE:RLI) when I wrote about it in my paid advisory Passive Monthly Income. The company ranks as one of the top income stocks in history, with 44 years of consecutive dividend increases. That has, as you can probably imagine, resulted in jaw-dropping returns. If you had invested $1,000 back in 1988, your position would have grown to over $180,000 today. Yet I’d bet 99 out of 100 people have never heard of this company.
Source: Income Investors
Related Articles:
- 5 Dividend Stocks Yielding Over 3%, With Tiny Payout Ratios
- Warren Buffett's Secret To 50% Returns
- 5 Undervalued, Big-Name Stocks To Consider For Your Dividend Portfolio
- 4 High-Yield Energy Stocks Growing Their Dividends
- 5 Dividend Stocks In Need Of A Market Correction
Best Dividend Stocks: $1,000 Turned Into $180,000, Safely
Posted by D4L | Sunday, November 24, 2019 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
In an attempt to put a lid on inflation, the Federal Reserve has stated that it intends to raise its benchmark federal-funds rate by 0.25% a...
-
If you have contemplated selling shares of some of the companies you own this year, you likely aren't alone. Considering how volatile th...
-
Readers may want to do a stock valuation on the stocks in their favorite sectors and wait patiently until they become cheap. Patience is a v...
-
Dividend growth stocks are among our favorite investment groups because you get so much bang for your buck. Not only do the companies pay di...
-
Dividend utility stocks might seem bad for your portfolio during high inflation and rising interest rates. However, the sector has done well...
-
Companies that have either been through past downturns or have the pricing power to offset the costs of inflation provide a crucial element ...
-
Dividend reinvestment plans, or DRIPs, can be effective ways to accumulate shares of high-quality companies for those with limited capital t...
-
If you're wishing you had a little more exposure to income investments right now and a little less exposure to growth, you're not al...
-
We picked up two investments that carry excellent yields combined with some healthy upside in the share price. We also dropped one of our po...
-
Do you have the stomach for contrarian investing - betting against the crowd? Sometimes that's necessary in order to find value. Why buy...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.