Looking for Future Dividends? The Best Stock to Buy Might Not Pay a Dividend Yet
Dividend stocks can be great investments. Yet looking exclusively for dividend stocks can cause investors who don't need the income now to miss out on future dividend dynamos that could pay massive sums of money when they need it.
On a dividend-stocks hour of Motley Fool Live on Oct. 29, "The Wrap" host Jason Hall pointed out that one of the best growth stocks in recent decades is a perfect example of this: Apple (NASDAQ: AAPL). Apple has paid out more than $14 billion in dividends over the past year. Less than a decade ago, the company wasn't paying out a single penny. If you don't need the income right now, the best dividend stock to buy might not be paying a dividend yet.
Source Fool.com