Updated: June 10, 2016
A good retirement portfolio is diversified and dividend-focused. Diversification is important financial defense, but dividends are your financial offense. They compound on themselves because companies that pay dividends have an implied agreement with their shareholders that they’ll continue bumping them up.
Not all do, of course – but I’ve identified five dividend growth stocks that you can bank on. Today they yield an average 3.6% and each has not only a strong history of increasing dividends but also strong dividend coverage – which means their payouts (and stock prices) are likely to keep growing for the foreseeable future.
Now let’s get into these five dividend growers…
They are General Motors (GM), Target (TGT), Pfizer (PFE), Edison International (EIX) and Phillip Morris (PM).… Read more