For Immediate Release
Chicago, IL – March 26, 2020 – Stocks in this week’s article are Bristol-Myers Squibb Co. (BMY - Free Report) , AmerisourceBergen Corp. (ABC - Free Report) , Leidos Holdings Inc. (LDOS - Free Report) , Xcel Energy Inc. (XEL - Free Report) and Caseys General Stores Inc. (CASY - Free Report) .
5 Unbeatable Dividend Growth Stocks for a Solid Portfolio
Amid the stock market turbulence, investors are looking for steady income along with some growth attributes. For them, picking stocks that not only pay out dividends but also increase them on a regular basis appears a winning strategy. These cash payouts are major sources of consistent income for investors when returns from the equity market are at risk.
Why Dividend Growth?
Stocks that have a strong history of dividend growth belong to mature companies, which are less susceptible to large swings in the market, and thus act as a hedge against economic or political uncertainty as well as stock market volatility. At the same time, these offer downside protection with their consistent increase in payouts.
Additionally, these stocks have superior fundamentals that make dividend growth a quality and promising investment for the long term. These include a sustainable business model, a long track of profitability, rising cash flows, good liquidity, a strong balance sheet and some value characteristics. Further, a history of strong dividend growth indicates that dividend increase is likely in the future.
Although these stocks do not necessarily have the highest yields, they have outperformed for a longer period than the broader stock market or any other dividend-paying stock. Stocks that have a strong history of dividend growth as opposed to those that offer high yields form a healthy portfolio with more scope for capital appreciation.
As a result, picking dividend growth stocks appear as winning strategies when some other parameters are also included.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/833931/5-unbeatable-dividend-growth-stocks-for-a-solid-portfolio
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
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Strong Stocks that Should Be in the News
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