2 Dividend Stocks to Double Up on Right Now
Recent research from Hartford Funds suggests the seemingly mundane strategy of investing in dividend stocks could lead to substantial gains. Specifically, going back to 1960, approximately 85% of the S 500's impressive 51,000% surge is owed to reinvesting dividends and compounding.
With that in mind, let's examine a couple of longtime dividend-paying stocks that might be worth buying even at or near 52-week highs.
Caterpillar (NYSE: CAT) stock has been on a tear over the past year, generating a total return of 62% for shareholders. The world's largest construction equipment manufacturer has paid a quarterly dividend for 91 consecutive years and raised it in each of the last 30 years. Today, the company pays a quarterly dividend of $1.30 per share, representing an annual yield of 1.45%.
Source Fool.com
Caterpillar Inc. Stock
We see a rather positive sentiment for Caterpillar Inc. with 14 Buy predictions and 2 Sell predictions.
At the moment Caterpillar Inc. has reached the predicted target price of 316 €, with a current price of 313.0 €.
