Blue-Chip Bargain: Buy This Dividend Stock and Relax
Blue-chip stocks can be an excellent way to build wealth in the stock market. These companies have a reputation for delivering dependable returns thanks to their proven business models and industry-leading positions.
S&P Global (NYSE: SPGI) is one dividend stock that is a shining example of the reliability and stability blue-chip stocks are known for. S&P Global recently raised its dividend payout for the 50th consecutive year and has earned its designation as a Dividend King. With the market down over the last year, S&P Global trades at a discount from its longer-term valuation. Here's why this Dividend King could be a solid income stock to add to your portfolio today.
When companies and governments look to raise money by issuing debt, investors must weigh the risks and rewards of owning that debt. That's where S&P Global comes in. S&P Global provides credit ratings and is a key player in the fixed-income space. It has a massive competitive advantage because the credit-rating industry is tough to break into.
Source Fool.com
