Become a Dividend Millionaire With These Stocks
Investors in stocks often focus solely on price appreciation but overlook the quiet power of dividends, a force that can dramatically boost the stock's total returns over time.
History speaks for itself. Between 1940 and 2024, dividends contributed an average of 34% to the S 500's (SNPINDEX: ^GSPC) total returns, according to data from Morningstar and Hartford Funds.
History also shows that companies that consistently increase their dividends tend to outperform those that don't. If you allow those dividends to compound, you'd have cracked the code to becoming a dividend millionaire. A whopping 85% of the S 500 index's total returns between 1960 and 2023 can be attributed to "reinvested dividends and the power of compounding", according to the Hartford Funds report.
Source Fool.com
Morningstar Inc. Stock
Our community is currently high on Morningstar Inc. with 3 Buy predictions and 0 Sell predictions.
With a target price of 334 € there is a hugely positive potential of 80.54% for Morningstar Inc. compared to the current price of 185.0 €.
