Global companies set a new milestone by distributing a staggering $606.1 billion in dividends to their shareholders in the second quarter, marking an 8.2% increase from the previous year. An impressive 90% of dividend-paying firms have either maintained or increased their payouts in the last twelve months.
This data underscores the current favorable climate for dividends, although this may not always be the case. Economic downturns and recessions can significantly impact a company’s ability to sustain dividend payments.
Despite potential challenges, Enterprise Products Partners (NYSE: EPD), Enbridge (NYSE: ENB), and American States Water (NYSE: AWR) have demonstrated exceptional resilience in consistently delivering dividends to investors over time. Recognized by several contributors at Fool.com, these stocks are highly recommended for those seeking dependable dividend income.
Enterprise Products Partners Stands Out
Renowned financial analyst Reuben Gregg Brewer highlights Enterprise…
2024-09-14 09:23:00
Post sourced from finance.yahoo.com