ORI - It's Not Too Late to Buy This Powerhouse Dividend Stock
2023-05-02 05:29:00 ET
Dividend stocks can be an excellent source of income and appreciation for investors. But not all dividend-paying stocks are necessarily worthy of investment.
One criterion you can use to better judge a dividend stock's worthiness is by looking at the company's commitment to annual dividend growth. Companies that have raised their dividends for 25 years or more also happen to have outperformed the S&P 500 index by nearly 1 percentage point on an annualized basis .
Old Republic International (NYSE: ORI) is one dividend powerhouse stock that should be on investors' radars. The insurer currently offers an attractive 3.8% dividend yield and has grown its annual dividend every year for the past 42 years. Here's why it's not too late to buy this powerhouse dividend stock.
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It's Not Too Late to Buy This Powerhouse Dividend Stock