Hey, Income Investors: This Stock Has Raised Its Dividend for 52 Consecutive Years. Is it Right for Your Portfolio?
One of the simplest ways to generate passive income is by investing in companies that pay shareholders a regular dividend. If you're looking for reliable dividend stocks, dividend Kings could be a good place to start. These companies have track records of good capital management, allowing them to raise their dividend payments for at least 50 consecutive years.
S Global (NYSE: SPGI) is one company with a 52-year streak of increasing its dividend payout. If you're an income investor wondering if the stock deserves a spot in your portfolio, consider the following.
S Global has a long history of raising its dividend payout, thanks to a robust business model that generates steady cash flow. The company is the largest credit-rating business in the U.S., with a 50% share of the total market. Moody's Corporation comes in second at 32%, and Fitch Ratings is a distant third at 12%.
Source Fool.com
