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![dividendology Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1509705643418128399.png) Dividendology [@dividendology](/creator/twitter/dividendology) on x 81.1K followers
Created: 2025-07-18 20:25:34 UTC

X. From 1973 to 2024, companies that grew or initiated dividends produced the highest total returns (10.2%/year).

Why would this be the case?

Think about what a stock growing its dividend often means:

- Cash flow can cover the dividend
- Management is confident earnings will continue to grow in the future
- It forces management to focus on the highest ROI projects
- Management is focused on long term objectives

Remember: Dividend growth and share price appreciation are byproducts of free cash flow growth.

![](https://pbs.twimg.com/media/GwKqCBIXoAAp_o6.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946305365018095704/c:line.svg)

**Related Topics**
[cash flow](/topic/cash-flow)
[dividend](/topic/dividend)

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