Fewer Than 30 Companies in the S&P 500 Have Raised Their Dividend for 50 Straight Years. This Financial Stock Is One of Them.
Yahoo Finance ·
Dividend stocks are an excellent source of passive income and offer additional benefits. According to a study by Hartford Funds, companies that raise their annual dividend payouts outperform those that don't, with less volatility. The reason is simple: Companies with long track records of dividend increases boast steady businesses, strong capital management, and a commitment to rewarding shareholders. Fewer than 30 companies in the S&P 500 have raised their dividends for 50 straight years , and S&P Global ( SPGI -1.72% ) is one financial stock in this illustrious group. For 54 consecutive years, S&P Global has grown its annual dividend and has delivered for its investors. S&P Global has a stellar track record and has been an excellent compounder for long-term investors. Over the past three decades, the company has delivered annualized returns (including reinvested dividends) north of 15%, outperforming the broader S&P 500 index's 10.4% annualized return over that same period. Earlier this year, S&P Global stock plunged . In February, it announced disappointing fourth-quarter results. On top of that, fears that artificial intelligence (AI) would disrupt software stocks weighed on data vendors and software providers, and S&P Global was lumped in with this group. That said, S&P Global has a strong market position and proprietary data that could be harder for AI to disrupt.
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