Patterson Companies announced today that the company will raise their quarterly dividend by 20% to $.12 per share and increase their stock repurchase program.
The global investment firm hardly offers a stunning dividend yield, but the company’s dividend history is quite impressive.
According to the company, this is the longest record of consecutive annual dividend increases within the REIT sector.
With so much uncertainty in the markets, it’s nice to see financial pundits like Jim Cramer still recommending dividend stocks.
By buying a dividend stock with a 7% yield, you stand to double your investment in a decade even if the stock price doesn’t budge.
Investors are now looking for more realistic returns and they are now accepting the fact that dividends will account for a significant portion of their total returns.