Since Care Capital has only been trading independently for a little over a year, it has not yet established a long dividend track record.
But it has potential: Care Capital has a high-quality portfolio and should benefit from a structural advantage going forward, which is the aging U.S. population.
As a result, it's possible Care Capital could eventually become a Dividend Achiever, a group of 272 stocks with 10+ years of consecutive dividend increases.
You can see the full Dividend Achievers List here.
Care Capital stock has a current dividend yield of 9% - this is more than four times the average dividend yield in the S&P 500 Index.
The company is committed to maintaining and growing the dividend over time, and has taken several promising steps to secure its hefty payout.