Daniel Sparks, The Motley Fool, Author at Daily Trade Alert

This is My Favorite Dividend Stock (by Far)

The company’s fortress-like balance sheet, recurring revenue, and steady cloud growth should support years of dividend increases.

With shares of this resilient business pulling back, the stock has become a very attractive investment relative to the perceived underlying risk.

Shares are down 10% in August, and the decline has made it look compelling again.

This stock boasts strong dividend growth, a low payout ratio, and impressive financials.

The coffee giant offers investors both a solid dividend yield and strong dividend growth prospects.