3 Growth Stocks That Have Raised Their Dividends for the Past 14+ Years
Some of the best dividend stocks don't have the best yields -- yet. And that's because their businesses are still experiencing some strong growth and they have to set some cash aside to help fund those growth opportunities.
Even though their yields may not be terribly high, three dividend stocks that can make for excellent long-term dividend plays are UnitedHealth Group (NYSE: UNH), Visa (NYSE: V), and Costco Wholesale (NASDAQ: COST). Here's a closer look at their dividend streaks and why their payouts could continue rising for years to come.
Health insurance giant UnitedHealth Group increased its dividend in 2023 for the 14th straight year. What was notable about its dividend increase was the size: 14%. While many dividend stocks make modest increases to their payouts, UnitedHealth has been aggressive with its rate hikes. The current quarterly dividend of $1.88 is more than double the $0.90 it was paying its shareholders just five years ago.
Source Fool.com
UnitedHealth Group Inc. Stock
The stock is one of the favorites of our community with 42 Buy predictions and 2 Sell predictions.
As a result the target price of 547 € shows a slightly positive potential of 4.23% compared to the current price of 524.8 € for UnitedHealth Group Inc..
