2 Dividend Growth Stocks to Buy and Hold for Decades
Having some quality dividend growth stocks in your portfolio can allow you to earn more in recurring income as the business grows. And as that happens, you profit from the rise in the company's valuation along with the dividend. Two excellent examples right now are Amgen (NASDAQ: AMGN) and Apple (NASDAQ: AAPL).
While these two dividend stocks don't quite yet have long track records for increasing their payouts, they are steadily making progress -- and could well become Dividend Aristocrats. Both businesses generate plenty of cash flow, have been raising their dividend payments in recent years, and investors shouldn't expect those trends to end anytime soon.
Drugmaker Amgen currently pays a dividend yield of 3.1%, which is easily more than the S&P 500 average of 1.7%. Its dividend payments go back to 2011, so it doesn't have the track record income investors may crave. However, Amgen has been rapidly raising its dividend payments; since 2017, the company has grown its payouts from $1.15 every quarter to $1.95, for an increase of 69%. And more increases are likely to come given the company's stability.
Source Fool.com
