2 Future Dividend Kings to Buy and Hold Today
Investing in dividend growth stocks is a great way to increase your dividend income over the years, even if those stocks don't offer a high yield right now. A company that has a propensity to increase its payouts may do so at varying rates, and investing in it while the yield is low could prove to be beneficial for investors in the long run.
Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) are a couple of tech giants that don't offer high yields, but they have been increasing their payouts and generate a boatload of cash. Both of these stocks could prove to be excellent dividend stocks to hold for the long term.
Apple has been increasing its dividend since 2013, so it'll be decades before the company could potentially hit 50 consecutive years of rate hikes and become a Dividend King. But given the company's impressive and constantly growing ecosystem, combined with fantastic financials, it seems probable that it will get there.
Source Fool.com
Apple Inc. Stock
Our community is currently high on Apple Inc. with 77 Buy predictions and 6 Sell predictions.
As a result the target price of 200 € shows a slightly positive potential of 12.89% compared to the current price of 177.16 € for Apple Inc..
