3 Dividend Stocks That Could Turn $5,000 Apiece Into $1 Million by 2066
These dividend stocks have been wealth-creating machines over the years.
Overview
Dividend stocks can be wealth compounding machines. Over the last 50 years, S&P 500 companies that pay a growing dividend have delivered a 10.2% average annual total return, according to data from Ned Davis Research and Hartford Funds. To put that into perspective, a $100 investment at that rate would grow into over $17,375 in about a half-century.
Many dividend stocks have delivered even higher returns over the long term. Here are three that could turn a $15,000 investment into over $1 million in 40 years.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.