SHW - I Have High Hopes for This Top Dividend Stock to Become a Dividend King Before 2030
2024-07-21 07:30:00 ET
Over the past decade, Sherwin-Williams (NYSE: SHW) has coated investors' portfolios with outsize gains -- producing a total return of 419% compared to 243% for the S&P 500 . In addition to its strong stock performance, the company has been growing its dividend at a breakneck pace.
Earlier this year, Sherwin-Williams announced an 18.2% dividend raise -- marking the 45th consecutive year of increasing its payout. That puts it on track to become a Dividend King by 2029. Dividend Kings are S&P 500 companies that have paid and raised their dividends for at least 50 consecutive years .
Here's why Sherwin-Williams is an excellent blue chip dividend stock to buy now.
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I Have High Hopes for This Top Dividend Stock to Become a Dividend King Before 2030