MMC - The 10% for 10 Club: These 3 Stocks Have Grown Their Dividends 10% (or More) Each Year for a Decade
2024-05-12 19:18:00 ET
Dividends are small but mighty wealth creators. That's abundantly clear in the data. Over the past 50 years, the average dividend-paying stock in the S&P 500 has delivered a 9.2% average annualized total return, according to data from Ned Davis Research and Hartford Funds. That has outperformed an equal-weighted S&P 500 index's 7.7% average annual total return.
However, the secret to dividend stocks lies in their growth. Dividend growers and initiators delivered a 10.2% average annual return, significantly outpacing companies with no change in their dividend policy, with an average of 6.7%.
Some companies stand out for their ability to grow their dividend. Marsh & McLennan (NYSE: MMC) , Mastercard (NYSE: MA) , and Equity LifeStyle Properties (NYSE: ELS) have delivered 10% compound annual dividend growth over the past decade. Here's why a few Fool.com contributors believe investors should take a closer look at these top-notch dividend stocks .
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The 10% for 10 Club: These 3 Stocks Have Grown Their Dividends 10% (or More) Each Year for a Decade