3 Dividend Stocks That Have Doubled Since 2020
If a company pays a dividend, that doesn't mean you shouldn't expect it to focus on growth initiatives. In some cases, it may just offer a dividend to appeal to a wider group of investors, some of whom may require a recurring payout.
Three dividend stocks that have achieved incredible gains since 2020 are Eli Lilly (NYSE: LLY), Nvidia (NASDAQ: NVDA), and Dick's Sporting Goods (NYSE: DKS). While not all of them offer high payouts, they do make recurring payments, and have been amazing investments to hold over the past few years.
Healthcare company Eli Lilly has been a great stock to own, as it offers a modest dividend yield of 0.8% while also possessing some attractive growth prospects. Since 2020 the stock has risen by more than 315%, easily beating the S&P 500, which has increased in value by just 38% over that period.
Source Fool.com
