UPS - 3 Dividend Stocks for Decades of Passive Income
2023-04-16 05:30:00 ET
Market downturns present investors with ample opportunities to pick up shares of high-yielding dividend stocks at depressed valuations. And while there are often hidden gems in the bargain bin, an easier path to grow one's wealth over time is to invest in stable businesses with solid track records of rewarding their shareholders.
Two methods that companies can use to bolster their shares' value for the long term are stock buybacks and dividend hikes. United Parcel Service (NYSE: UPS) , Kinder Morgan (NYSE: KMI) , and Caterpillar (NYSE: CAT) are dividend payers that have what it takes to grow their earnings and cash flow to support decades of dividend raises. Here's what makes each of these quality businesses a great buy now.
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3 Dividend Stocks for Decades of Passive Income