SPGI - Hey Income Investors: This Stock Has Raised Its Dividend for 52 Consecutive Years. Is it Right for Your Portfolio?
2024-05-17 07:10:00 ET
One of the simplest ways to generate passive income is by investing in companies that pay shareholders a regular dividend . If you're looking for reliable dividend stocks, Dividend Kings could be a good place to start. These companies have track records of good capital management, allowing them to raise their dividend payments for at least 50 consecutive years.
S&P Global (NYSE: SPGI) is one company with a 52-year streak of increasing its dividend payout. If you're an income investor wondering if the stock deserves a spot in your portfolio, consider the following.
S&P Global has a long history of raising its dividend payout, thanks to a robust business model that generates steady cash flow. The company is the largest credit-rating business in the U.S., with a 50% share of the total market. Moody's Corporation comes in second at 32%, and Fitch Ratings is a distant third at 12%.
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Hey, Income Investors: This Stock Has Raised Its Dividend for 52 Consecutive Years. Is it Right for Your Portfolio?