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
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
Long-term investors know that dividends can have a major impact on returns over time. When the stock market is struggling to make gains like...
-
We decided to go on a hunt for quality stocks that for one reason or another have been buried, and not just this year. We found three incred...
-
Buy and hold ... forever? It's a tall order, but a select few companies are potentially up to the task. You can build a wealth-compoundi...
-
Does the high interest rate environment we're living in have you feeling down? Here's something to remember that can help you turn t...
-
Essentially, we’re looking for more Apples – tech firms with a large market cap (at least $1-billion) and the financial means necessary to p...
-
Dividend stocks can be consistent market-beaters. However, empirical research shows that the best dividend stocks tend to generate better-th...
-
High-quality dividend stocks are always worth loading up on. This is doubly true for companies that offer shareholders an attractive mix of ...
-
Numerous high-quality dividend opportunities are up for grabs at the moment, which may be appealing to some investors given the uncertainty ...
-
Some dividend-paying companies have seen their financials struggle over the years. These companies become vulnerable to dividend cuts which ...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.