It may be hard to believe, but there are companies out there that have managed to grow their dividends for over a decade.
For a company to do so, it has to be profitable over a long period of time.
That’s easier said than done.
Economic cycles can present challenges from time to time.. .
This cyclicality causes many companies to experience swings in their revenue, earnings and cash flows.
Hence, there are very few companies that have consistently managed to grow their profits through thick and thin.
There is another bonus too for investors who invest in companies that continually raise their dividends.
The share prices of such companies also tend to increase in tandem with the rise in dividends, rewarding the savvy investor with both capital gains and an increase in his passive income flow.
Here are four US companies that have managed to grow their dividends every single year without fail for the last decade....