3 Reasons to Buy This Dominant Dividend Stock
Financial markets tend to loathe uncertainty. And with rising inflation, further interest rate hikes in the future, and talks of a potentially mild recession, there is plenty of uncertainty right now. This goes a long way to explain why the S&P 500 index has tumbled 13% year-to-date.
Because the stock market is a vast collection of stocks, some have fared even worse than the broader market. Asset manager BlackRock (NYSE: BLK) has been clobbered and its stock price is down more than 31% so far this year.
But the company's performance suggests the sell-off in the blue-chip dividend grower has been greatly overdone. Here are three reasons why BlackRock is a convincing buy for income investors.
Source Fool.com
