CCI - These Dividend Stocks Can Double Your Money in Under 7 Years
There's a rule of thumb in investing called the "rule of 72," which calculates how long it will take to double your money at a given rate of return. You take 72 and divide it by the assumed return to get the number of years. For example, an investment earning a 10% annual return can double an investor's money in 7.2 years. Using that math, an investment earning slightly more than 10% annually would double an investor's money in under seven years.
One type of investment that has delivered that level of return over the years is dividend growth stocks, which are companies that steadily increase their dividend payments. Since 1973, dividend growers have produced a 10.68% annualized total return, according to data by Ned Davis Research and Hartford Funds.
Many companies have excellent dividend growth track records that seem likely to continue. Three great options that should be able to deliver that level of return over the next seven years are Brookfield Infrastructure (NYSE: BIPC) (NYSE: BIP) , Crown Castle (NYSE: CCI) , and NextEra Energy (NYSE: NEE) .
For further details see:
These Dividend Stocks Can Double Your Money in Under 7 Years