Some of America's richest families, own stakes in one of the oldest enterprises. The Rockefellers, Waltons, DuPonts, Johnson's, Mellon's control fortunes in the billions of dollars, which are spread amongst descendents of the people that accumulated the fortunes. These families have had generations of trust fund babies, which are essentially people who are expected to be retired for the rest of their lives. One common characteristic between all of these families, is that their wealth is stores in companies, which tend to pay consistently increasing dividends. The Waltons have Wal-Mart Stores
), the Rockefeller's have Exxon-Mobil
), the Johnsons have Johnson & Johnson
) while the Stryker Family has Stryker (SYK
). The rising dividend payments generated by the companies these families own, generate the sufficient stream of income, to pay for the monthly expenses of generations of descendants. These families have essentially managed to live off dividends
Investors, who are interested in generating an income stream off their capital, that would last for several generations, should look no further than dividend growth stocks. As far as the Stryker Family is concerned, their core holding announced an 18% increase in dividend income over the past week.
Stryker Corporation (SYK
), together with its subsidiaries, operates as a medical technology company worldwide. The company operates in three segments: Reconstructive, MedSurg, and Neurotechnology and Spine. The company raised its quarterly dividend by 18% to 21.25 cents/share. This marked the 19th consecutive annual dividend increase for this dividend achiever