2024-04-17 07:30:00 ET
Dividend stocks are potent instruments for building wealth. A staggering 85% of the S&P 500 's total returns since 1960 have emanated from dividend payouts, according to a report by Hartford Funds.
Amgen (NASDAQ: AMGN) , a top-tier U.S. biotech firm, has been a coveted dividend stock since it began regular distributions to shareholders in 2011. Highlighting this fact, the company's shares have significantly outperformed the S&P 500 during this time.
For further details see:
Can This High-Yield Dividend Stock Keep Beating the S&P 500?