Dividend Kings are a select group of companies known for consistently increasing their dividends over 50 years. Currently, there are only 54 Dividend Kings, representing a unique investment opportunity. Data shows that stocks that initiate dividends and grow them yield higher returns at lower risk compared to non-dividend stocks. However, not all Dividend Kings remain elite forever; some companies have recently cut their dividends dramatically, highlighting the importance of due diligence for investors. 3M exemplifies this dynamic with a recent dividend reduction but also a significant stock recovery.
"Over the 50-year period between 1973 and 2023, dividend growers returned 10.2% annually versus 4.3% for those that did not pay a dividend."
"You can't just blindly buy their stocks without looking closer at their business."
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