This company has raised its dividend for 62 years straight. Dividend stocks are an excellent way to build your wealth over time. According to Factset, from 1991 to 2015, dividend payers outperformed non-dividend payers 9.7% to 4.2%. Dividend-paying companies can be great investments because they must generate cash flow and manage their capital effectively.
Cincinnati Financial (CINF) is a shining example of this, having increased its dividend for decades, and could set you up for a lifetime of passive income. Cincinnati Financial writes insurance policies for businesses and individuals across various products, including homeowners, automotive, and property insurance. When it comes to dividend-paying stocks, Cincinnati Financial is one of the best. Dividend Kings are companies in the S&P 500 that have increased their dividend payout for 50 years or more. Cincinnati Financial increased its dividend for 62 consecutive years, which only eight other companies have accomplished.
Source: Motley Fool
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