Did you know that if a company were to increase its dividends by 5% per year, it would take 14 years for its payouts to double? And if its rate of increase were 7%, then it would take about 10 years. That's why even if a stock offers a modest yield today, it can still be worth it for income investors to buy and hold.
Can these companies continue boosting their dividends at such aggressive rates? A couple of stocks with the most aggressive dividend growth records you can invest in today are UnitedHealth Group (UNH -5.27%) and Broadcom (AVGO 0.50%). They have delivered strong results over the years, and shareholders have seen their income rapidly grow.
Source: Motley Fool
Related Articles:
2 Dividend Growth Beasts That Have Tripled Their Payouts Within 7 Years
Posted by D4L | Friday, February 24, 2023 | ArticleLinks | 0 comments »________________________________________________________________
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