What Bear Market? This 11% Dividend Stock Won’t Stop Growing

Over the last year we’ve seen most dividend stocks suffer in terms of share price performance. But fortunately nearly all dividend stocks avoided cuts in 2022 with a few rare exceptions. Despite the S&P 500 falling about 20% last year, which was the worst since the financial crisis, dividend payouts were at an all-time high. In just the S&P 500 alone companies paid out roughly $565 billion dollars in dividends last year, which was a 10% increase from the previous year. Remember that’s despite the fact we’re technically considered to be in a recession right now. It’s a big reason why dividend investing is such a great strategy to pursue. If you’re living solely off the capital of your investments and aren’t using dividends, you’re burning through more of your investments right now.

Yet despite everything going on in the stock market and the economy, there has been one stock that’s been standing out as a great dividend grower despite declining share prices last year. In fact for more than 10 years and 10 consecutive quarters this stock has continued to increase their dividend distributions to shareholders. While a lot of other companies in their sector have been struggling they’ve continued to see year over year revenue growth and just great financial metrics across the board. So in today’s video we’re gonna take a look at this stock, find out why it’s been so successful and try and determine what the future holds for this dividend stock.

Research by National Association of Home Builders: https://eyeonhousing.org/2023/01/november-private-residential-spending-dips/

#dividendinvesting #dividends #dividendstocks


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