3 Stocks That Doubled Dividend Income in the Past 5 Years
If you buy and hold shares of dividend growth stocks, your dividend income is likely to rise over time. It's how much the company changes the dividend that tends to make all the difference for your portfolio.
If you had bought them in 2018, these three stocks -- Mastercard (NYSE: MA), Lowe's (NYSE: LOW), and UnitedHealth Group (NYSE: UNH) -- would have doubled your dividend income over the past five years. Here's a look at where the payouts for these three stocks stand today, whether they can repeat their past performance, and why they just might make great long-term investments for you.
Credit card payment processor Mastercard is an example of a business that performs well regardless of the economic situation. When times are tough, consumers tend to tap into their credit cards to buy what they need. And when things are going well, spending can still be on the rise due to a strong economy. The best part is that Mastercard manages to be incredibly profitable in its operations either way, with its net margins up around 45% last year.
Source Fool.com
