1 Magnificent S&P 500 Dividend Stock Returning 1,280% Since 2002 to Buy Right Now
While (NASDAQ: NDAQ) may be more well-known for its Nasdaq Composite index and its exchange's initial public offerings (IPOs), it is reimagining its long-term growth plan. With its $10.5 billion acquisition of financial software provider Adenza from Thoma Bravo in November, the company signaled its ambitions to become the "trusted fabric of the world's financial ecosystem," as Chief Executive Officer Adena Friedman put it.
However, due to the $6 billion in long-term debt it took on to fund that purchase, the market has taken a cautious view toward Nasdaq's stock, and it remains below its pre-acquisition announcement price. Nevertheless, despite having over $10 billion in total long-term debt on its books now, Nasdaq's new growth story and immense cash-generating capabilities leave the company's future looking incredibly bright.
Source Fool.com
