With a ~6% yield, more than 30 consecutive years of dividend raises, dividend growth that’s positioned to accelerate, and the potential that shares are 15% undervalued right now, this might be one of the best high-yielding dividend growth stocks available.
This high-yielder is a current recommendation in The Oxford Income Letter.
A few weeks ago, one of my researchers sent me two stock ideas. Both ideas had solid analyses and I liked them both. But he left out one key piece of information that I needed to know before we committed to any stock. It’s a powerful way to pinpoint which stocks you want to own over the long term.
These companies have dividend yields near 3% or higher, stable business models, solid balance sheets, and proven commitments to maintaining and growing their dividends in all manner of economic, industry, and interest rate conditions. Simply put, these dividend growth stocks are worthy candidates to consider as part of a diversified portfolio to help you sleep well at night during the next recession, confident that your passive income is as safe as it can be and likely to keep growing your wealth over time.