Buy This Stock Before It Becomes a Dividend Aristocrat
A Dividend Aristocrat is a company that has increased its dividend every year for at least 25 years. As of the last count, there are only 66 companies that have achieved this exalted status. For investors, it signifies a company is consistent, stable, and one you can count on to deliver ever-increasing dividends. Ten companies on the list have the additional title of Dividend Kings, as they have increased their dividend payouts for at least 50 straight years.
Consistency is important to investors who count on dividend income, perhaps even more so during this period of market volatility. You will find that consistency in the Dividend Aristocrats, but there are other great dividend stocks that donʻt get the same attention because they have not yet reached that lofty plateau.
One such company is Evercore (NYSE: EVR), an investment bank that has not only produced great dividends but has generated strong returns through the pandemic. It is a stock that is well on its way to Dividend Aristocrat status.
Source Fool.com
