The 6 greatest dividend investors of all time use dividend accumulation and reinvestment to amass million and billion dollar portfolios. Dividends are a powerful tool. While the cash distributions from dividend-paying equities can provide wonderful passive income for living expenses, reinvested dividends have the potential to grow exponentially and bring a far greater payday in the future.
1. Ronald Read was an average Joe investor lacking an MBA, finance degree, or notable professional experience. He did have, however, an $8 million dividend portfolio paying $20,000 per month at the time of his death in 2015. 2. Grace Groner is a lesser-known investor who embodied the principle of buy, hold and reinvest. Groner worked as a secretary at Abbott Laboratories (NYSE:ABT) for 43 years. Early in her career in 1935, she invested $180 in three shares of Abbott. She never sold and instead opted to reinvest all of her dividends. After 75 years, she had $7 million. 3. Bill Ackman, an activist investor mentored by Warren Buffett, is the billionaire fund-manager of Pershing Square Holdings. 4. Sir John Templeton began managing the Templeton Growth Fund in 1954 and continued to guide its investments through 1992. 5. Benjamin Graham was a British-born American investor famous for mentoring Warren Buffett. 6. Warren Buffett is widely considered the greatest investor of all time, and much of his investment strategy relies on collecting dividend payments.
Source: Dividend Investor
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