I Just Can't Seem to Get Enough of This Magnificent Dividend Stock
I love receiving dividends. There's just something about getting paid for work someone else did. However, I've shifted my investing strategy over the years from focusing on a company's dividend yield to its ability to grow its payout. The reason is simple. dividend growth stocks deliver the highest returns.
The data on dividend growth is pretty remarkable. Over the last 50 years, dividend growers in the S 500 have delivered an average annual return of 10.2%, according to data from Ned Davis Research and Hartford Funds. They have significantly outperformed the market average (7.7%), companies with no change in their dividend policy (6.6%), and non-dividend payers (-0.6%).
That historical performance is leading me to load my portfolio with dividend growth stocks. One that I can't get enough of right now is American Tower (NYSE: AMT). Here's why I keep buying more shares of the data infrastructure REIT.
Source Fool.com
