Investing in dividend growth stocks is an excellent strategy to build sustainable wealth for the long haul. This is because only the best stocks with proven business models are able to raise their payouts through wars, recessions, and pandemics. Dividend Kings are the ultimate litmus test of quality. That's because these stocks have boosted their dividends for at least 50 years straight. Here are two Dividend Kings that look like great buys for income investors seeking a lifetime of dividend income.
With stores throughout the U.S. and Canada serving approximately 19 million customers a week, Lowe's Companies (NYSE: LOW) is a dominant home-improvement retailer alongside Home Depot. Given that 83% of homebuyers view a home purchase as a good financial investment, the home-improvement industry is massive with $900 billion in annual revenue. This explains why analysts are expecting 15.1% annual earnings growth through the next five years. As long as there are used cars and industrial equipment that require parts, Genuine Parts (NYSE: GPC) will continue to do well. Founded in 1928, the automotive and industrial replacement parts company has grown into a network of more than 10,000 locations throughout North America, Europe, and Australasia.
Source: Motley Fool
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Posted by D4L | Wednesday, June 29, 2022 | ArticleLinks | 0 comments »________________________________________________________________
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