"Investing in dividend stocks is a great way to build your wealth over time. With patience and careful stock selection, you can practically transform your portfolio into a cash distribution generator."
"It's wise to narrow down your search to blue-chip companies that are market-sector leaders. A perfect example would be Goldman Sachs (NYSE:GS), an established leader in the financials/banking sector."
"A quick glance at Goldman Sachs' dividend history shows that the company tends to increase its distributions once every four quarters, indicating that Goldman Sachs is a reliable dividend grower."
"If a company's payout ratio is above 50%, this suggests that the current dividend payments might not be sustainable."
Investing in dividend stocks offers a powerful strategy for wealth building. Focus on blue-chip companies with established records of dividend growth. Goldman Sachs exemplifies a reliable dividend grower, increasing distributions quarterly. Paying attention to earnings trajectory is important to assess the sustainability of dividends. A company with a payout ratio over 50% may signal unsustainable dividend payments. Careful stock selection and understanding key financial metrics can help transform your portfolio into a consistent income generator.
Read at 24/7 Wall St.
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