This Dividend Stock Is Tougher Than the Rest
Dividend stocks can be a great source of income and an excellent way to increase your wealth over time. According to data by FactSet, from 1991 through 2015, dividend-paying stocks outperformed non-dividend payers 9.7% to 4.2%.
One way you can tell a top dividend stock is its history of increasing payments. A company needs to have steady earnings growth, consistent cash inflows, and strong capital management to increase its dividends regularly over time.
One stock that checks those boxes is Cincinnati Financial (NASDAQ: CINF). The insurer has an impressive history of dividend payments -- it's increased its payout to shareholders for 62 consecutive years. Not only does this put it in the exclusive club of Dividend Kings, but only eight other companies have a longer streak. Here's what makes this dividend stock tougher than the rest.
Source Fool.com
