Automatic Data Processing: Profitability Track Record Supports Dividend Growth

Mesut Dogan/iStock Editorial via Getty Images As a dividend growth investor, the overwhelming majority of the stocks I own in my portfolio are those with long histories of paying dividends. The reason for this is that companies with multiple decades of dividend growth have proven business models that work throughout all portions of the economic cycle. These companies must be highly profitable to be able to regularly grow the dividend. Automatic Data Processing (NASDAQ:ADP) is one such company as it has rais ...