3 Dividend Stocks That Have Soared This Year
A dividend stock is of no use if investors are just going to use the dividends to offset a falling share price. That's why the stocks below are a cut above many of their peers, not only providing investors with recurring cash flow but allowing them to cash in on their rising share prices as well.
Thermo Fisher Scientific (NYSE: TMO) has had a strong year so far in 2019, rising more than 23% year to date. A key factor behind the company's impressive growth this year is its strong financial performance, with Q2 profits coming in above expectations. And while organic revenue was slightly below expectations, the company raised its guidance for both its top and bottom lines for the year.
The company operates in many different areas, including patient diagnostics, lab equipment, and instruments, giving it no shortage of growth opportunities. One of its strengths is diversification, with half of its revenue coming from consumables, and about a quarter each coming from services and instruments. While pharmaceutical and biotech companies are a significant part of the company's customer base, it also has customers in healthcare, academia, and government, which ensures that it isn't overly exposed to one sector, giving it a lot of stability.
Source Fool.com
