10 Dividend Achievers Offering Income Growth and Capital Appreciation

Peter Lynch, the legendary manager of the Fidelity Magellan Fund has mentioned the following about dividend achievers: "The Dividend Achievers Handbook is one of my favorite bedside thrillers. Here's a simple way to succeed in Wall Street: Buy the stocks on Mergent's list and stick with them as long as they stay on the list." The stocks he mentions in his book, "One Up on Wall Street," is Automatic Data Processing (ADP), which incidentally has kept raising distributions 20 years after his book was published. In fact some of the best performing stocks on Wall Street over the past decade have been the dividend achievers. Dividend achievers are companies which have increased their distributions for at least ten consecutive years. They provide a superior alternative than investing in fixed income because they provide investors with the opportunity of a rising dividend payment and they could also receiving higher total returns... Read more