Here's My Top Dividend Stock for the Long Haul
Given the market's sharp rise this year, with the S 500 and Nasdaq Composite rising about 15% and 14%, respectively, as of this writing, it's getting increasingly difficult to find good stocks to buy and hold for the long term. Many stocks' valuations have just become too pricey.
One way for investors to navigate a market like this is to turn to high-quality companies paying out dividends likely to grow over the long haul. Not only does each dividend payment take some risk off the table for the investor by paying out cash to shareholders, but companies with strong dividend prospects are typically also profitable and resilient -- increasing their odds of providing shareholder returns through share price appreciation over the long haul.
One dividend stock that meets these high standards is American Express (NYSE: AXP). This robust business demonstrates its consistent earnings power and fundamental strength through both a growing bottom line and dividend.
Source Fool.com
