A Lifetime of Passive Income? This Artificial Intelligence (AI) Stock Just Raised Its Dividend 15%, With Lots of Room to Grow.
A fresh $10 billion buyback program doesn't hurt either.
When you're young, your investment goals revolve around growth. In retirement, those goals change to income. But if you are, say, a decade or two from retirement, your priorities are balanced between the two.
Thus, the decades leading up to retirement is a great time to buy dividend growth stocks. If a company is profitable and has a path to a decade or more of growth ahead, the compounded dividend payouts can become quite large once you hit retirement age.
The catch is that dividend growth stocks often have current yields that don't exactly wow investors. However, the recent pullback in the market has increased some companies' yields significantly, merely by virtue of their stocks going down. That makes the following company look like an ultimate retirement stock for Gen X and millennial investors today.
