3 Dividend Stocks to Double Up On Right Now
What's even better than high dividends? A dividend that can grow over the long term. Preferably one that can grow a lot.
Consider this: Thanks to a consistently rising dividend, Warren Buffett's Coca-Cola holdings, which cost him $1.299 billion in the mid-1980s, now pay him dividends of $736 million every year, good for a 57% (and rising) yield on his investment.
So when you consider today's dividend yield, it may not be nearly as important as the prospects for that payout's growth. That means companies with a low-looking yield today could end up being much, much better dividend stocks than today's high-yielders over the long run.
Source Fool.com
