TGT - Not All Dividend Kings Are Noble
The famous Dividend Kings are a group of high-quality dividend stocks that have increased their dividends 50+ years in a row. Currently, there are 26 Dividend Kings.
All these companies have an extraordinary track record. However, in terms of the total cash flow distributions, there are vast differences.
Dividends are only one side of the story. The net change in outstanding shares is the other side. In the current environment, buybacks are usually more important than dividends. However, investors routinely overlook share dilutions and underappreciate stock repurchases. When we see the big picture of