These 4 Stocks Could Triple Your Money Over the Next Decade
Some companies have a knack for enriching their investors. They can grow their earnings and dividends at above-average rates, enabling them to produce prodigious total returns over the long term. For example, a company that can deliver an average annual rate of return of 11.5% could triple an investor's money in about 10 years.
While it's hard to project how fast any company can grow that far into the future, several have lots of visible growth lined up for the next several years. Those include Brookfield Infrastructure (NYSE: BIPC) (NYSE: BIP), Enbridge (NYSE: ENB), Prologis (NYSE: PLD), and NextEra Energy (NYSE: NEE). That increases the probability they can deliver the returns needed to triple an investor's money over the next decade.
Brookfield Infrastructure has been a phenomenal investment over the years. In the last decade, Brookfield Infrastructure has grown its funds from operations (FFO) per share at an 11% annual rate. Meanwhile, it has increased its dividend at a 9% compound yearly pace during that period. That's helped power a total return of more than 328%, or 15.7% annualized.
Source Fool.com
