Dividends and dividend growth: They’re the foundation of our Lifelong Income Portfolio and the primary long-term drivers of returns.
In an aging bull market, even for long-term income-oriented investors, it sometimes pays to take a profit when short-term catalysts create buying momentum for stocks. These windfalls can be worth many quarters of dividends. And those proceeds can be reinvested in high-quality stocks at lower prices when the bull cools down.