ZTS - 4 Top Dividend Growth Stocks of the S&P 500 That Have Major Long-Term Potential for Investors
2023-09-07 07:45:00 ET
While dividend yields below 1.8% may not scream "passive income" potential to investors, Tractor Supply (NASDAQ: TSCO) , Cintas (NASDAQ: CTAS) , Zoetis (NYSE: ZTS) , and Old Dominion Freight Line (NASDAQ: ODFL) aim to prove that dividend growth is more important than current yields.
Consider that if you had purchased any of these stocks 10 years ago and held them until today, they would now pay a dividend above 5% compared to your original cost basis. When you let time work its magic, compounding high dividend growth rates, these businesses become high-yield stocks (compared to the cost you paid).
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4 Top Dividend Growth Stocks of the S&P 500 That Have Major Long-Term Potential for Investors