AMGN - 1 Dividend Growth Stock to Buy and Hold for 10 Years
2024-06-29 08:45:00 ET
If there is one thing income investors like more than regular dividend payouts, it's regular and growing dividend payouts. Not every corporation can offer that, of course. Some will eventually suspend their dividend programs or, at the very least, decrease their payouts.
Fortunately, there are stocks on the market that look committed to returning capital to their shareholders by way of consistent dividend increases. That's what income seekers are after. Let's consider one excellent dividend growth stock worth sticking with through the next decade: Amgen (NASDAQ: AMGN) .
Amgen is one of the largest biotech companies in the world. It boasts a deep lineup of medicines, nine of which generated at least $1 billion in sales last year. Selling lifesaving drugs isn't a business that's likely to fall out of style anytime soon. Amgen's success in this field has been the major driver behind its long-term performance and regular dividend increases. True, the past isn't a guarantee of future success.
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1 Dividend Growth Stock to Buy and Hold for 10 Years