Is Abbott Laboratories a Top Dividend Growth Stock to Buy Now?
Dividend growth stocks are a powerful tool for wealth creation. The magic of compounding allows these high-quality Dividend growers to provide exponential returns to their long-term shareholders.
However, there's a catch: Most premium dividend growth stocks offer tiny yields. This is because there's generally an inverse relationship between a stock's yield and its dividend growth rate. Essentially, companies with high yields often slow down their payout growth to allocate capital more effectively.
Image source: Getty Images.
Source Fool.com