Buy This Stock Before It Becomes a Dividend Aristocrat
Income investors want consistency -- a stock that is going to deliver increasing dividends year-in and year-out. The best of these of are known as Dividend Aristocrats, S&P 500 companies that have increased their dividend each year for at least 25 years in a row.
There are only 65 stocks that currently hold this status. But there are many more that are knocking on the door. One of them is Republic Bancorp (NASDAQ: RBCAA), the holding company of Republic Bank, a regional bank based in Louisville, Ky. It has about 42 banking centers throughout Kentucky, Indiana, Ohio, Tennessee, and Florida -- along with free access at over 90,000 ATMs.
Republic just increased its dividend for the 23rd straight year in January. Letʻs take a look at why income investors should consider buying this stock before it becomes a Dividend Aristocrat.
Source Fool.com
