4 Dividend Stocks to Double Up on Right Now
Identifying dividend growth stocks with high returns on invested capital (ROICs) can be a great way to look for investments as both criteria have proven to be market-beating propositions over time. Today, however, we will take this one step further, looking at four businesses with dividend yields above their five-year averages.
This extra step offers higher passive income prospects while potentially uncovering stocks trading at a discount. Fitting this screener nicely are Visa (NYSE: V), Toro (NYSE: TTC), MarketAxess (NASDAQ: MKTX), and Tractor Supply (NASDAQ: TSCO). Let's explore why all four are great candidates to double up on today.
Source Fool.com
Visa Inc. A Stock
With 50 Buy predictions and not a single Sell prediction Visa Inc. A is an absolute favorite of our community.
As a result the target price of 284 € shows a slightly positive potential of 12.72% compared to the current price of 251.95 € for Visa Inc. A.