1 Great Income Stock That Could Double Its Dividend
As a general rule, stock price growth and dividend income tend to be hard to find in the same stock. High dividend stocks tend to be in mature businesses like public utilities, which grow more or less in line with the overall economy. Stocks that are in growth mode typically eschew dividends, preferring to use precious capital to grow the business.
Here is a real estate investment trust (REIT) stock with solid dividend yields that is also in growth mode. It might not have the high dividend yields one would find from a mortgage REIT like AGNC Investment, but it has much faster growth, and that makes i more likely to double its dividend over time.
American Tower (NYSE: AMT) is a cellphone tower REIT that is a rare combination of income and growth. American Tower is part of a duopoly (Crown Castle International is the other) that controls the majority of the cellphone tower market in the United States.
Source Fool.com
