Zacks.com Featured Highlights Include: Bristol-Myers Squibb, AmerisourceBergen, Leidos, Xcel Energy And Caseys General Stores
Zacks Investment Research | Mar 25, 2020 10:07PM ET
For Immediate Release
Chicago, IL – March 26, 2020 – Stocks in this week’s article are Bristol-Myers Squibb Co. (NYSE:BMY) , AmerisourceBergen Corp. (NYSE:ABC) , Leidos Holdings Inc. (NYSE:LDOS) , Xcel Energy Inc. (NASDAQ:XEL) and Caseys General Stores Inc. (NASDAQ:CASY) .
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: Zacks Investment Research
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