The Dividend Aristocrat index is an elite group of stocks. To be considered for membership, a publicly traded company must establish a 25-year track record of consecutive dividend increases. Even some of the best dividend stocks don't get to this point -- recessions, pandemics, and other factors often force excellent dividend companies to pump the brakes on dividend increases.
One stock that isn't quite there yet but is well on its way is Digital Realty Trust (NYSE: DLR) . This real estate investment trust, or REIT , which owns and operates data centers, has increased its dividend for 15 consecutive years (including in 2020), and there's no reason to believe the streak is at risk of ending anytime soon.
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Buy This Stock Before It Becomes a Dividend Aristocrat