Fewer Than 30 Companies in the S&P 500 Have Raised Their Dividend for 50 Straight Years. This Financial Stock Is One of Them.
Companies that consistently increase their dividends outperform those that do not, and S&P Global is an excellent example of one such stock that has delivered for investors.
Overview
Dividend stocks are an excellent source of passive income and offer additional benefits. According to a study by Hartford Funds, companies that raise their annual dividend payouts outperform those that don't, with less volatility. The reason is simple: Companies with long track records of dividend increases boast steady businesses, strong capital management, and a commitment to rewarding shareholders.
Fewer than 30 companies in the S&P 500 have raised their dividends for 50 straight years, and S&P Global (NYSE: SPGI) is one financial stock in this illustrious group. For 54 consecutive years, S&P Global has grown its annual dividend and has delivered for its investors.
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Originally published at www.fool.com.