Investors love dividend stocks, but there are different ways to approach them. Below are two screens of the 30 stocks in the Dow Jones Industrial Average, to show which companies have grown their dividend payouts the most over the past five years and 10 years.
But if you are looking to build up income over the years to be ready to take it when you need it, you might combine that desire with a long-term growth objective. An approach of growing a dividend income stream can work out well over the long term, provided you are holding a diversified group of quality companies that are in the habit of raising payouts. It may not matter if the current yield isn’t very high when you make your investment.
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