Focusing on yield instead of dividend growth undermines potential, as seen with Walgreens Boots Alliance; high yields can lead to disappointment and wealth destruction.
Investors should prefer dividend growth stocks like McKesson, which have raised payouts consistently at double-digit rates, showing financial strength to sustain dividends.
Chasing high dividend yields irresponsibly can lead to losing two-thirds of your investment, as highlighted by Walgreens' dividend cut and stock decline.
The strategy of pursuing dividend growth over yield encourages wealth creation, allowing investors to benefit from a steady increase in payouts over time.
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