Author: Brian Bollinger, Simply Safe Dividends

Thanks to its excellent financial health and commitment to growing its payout, income investors can likely count on the company to continue delivering double-digit dividend increases in the years ahead.

Income investors attracted to the stock’s double-digit dividend growth rate and long-term prospects may be wondering what the company’s latest tragic event means for its dividend profile and future. Let’s take a look.

It’s on pace to become a “dividend king” in 2024.

While the company has earned its status as a safe dividend investment, it has a lot to prove when it comes to its future dividend growth potential.

Overall, it’s mainly of use to investors who prize dependable income, dividend growth that will probably keep up with inflation, and some of the lowest volatility of any stock in the United States.