3 Dividend Stocks to Double Up on Right Now

The market has been red hot in 2024, with the benchmark S&P 500 delivering a total return of approximately 27% year to date. Since the market has had an annualized return of 10.2% since 1965, people are reasonably worried about a potential pullback, but there are still opportunities for long-term investors.Namely, dividend-paying stocks with a strong record of raising their payouts have a history of delivering higher returns with lower volatility than the broader market. So, with that in mind, let's take a closer look at three dividend stocks worth buying into at any time.American Express (NYSE: AXP) is a favorite stock of Warren Buffett, comprising nearly 15% of Berkshire Hathaway's stock portfolio. Berkshire's initial $1.3 billion investment in American Express, completed in 1995, has since surged to $43.7 billion in value, with estimated dividend payouts reaching $409 million in 2024 alone. Remarkably, Berkshire has not reinvested any dividends. Yet, its stake has grown from about 10% to 21.5% thanks to American Express' consistent stock buybacks over the years, highlighting the power of compounding and dividend growth.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool