Want Passive Income? Buy This Dividend Aristocrat, Down 31%
One stocked pond I love to go fishing in -- at least as far as investing goes -- is the world of dividend-growing companies with small, manageable payout ratios. Not only do dividend-paying stocks outperform the broader market, but ones that consistently increase their payouts do even better.
Furthermore, by looking for dividend-growers with smaller payout ratios, investors can find passive income-generating machines capable of increasing their dividends far into the future. Here's one example: global paint behemoth Sherwin-Williams (NYSE: SHW) and its deceptively powerful 1% dividend yield.
Extending its share price drop year to date, Sherwin-Williams reported less-than-encouraging earnings for the second quarter of 2022 and saw its shares drop 10% overnight.
Source Fool.com
