Meet the Nearly 13%-Yielding Dividend Stock Wall Street Is Ignoring That I've Added to My Portfolio
One of the greatest aspects of putting your money to work on Wall Street is that there's no one-size-fits-all strategy to build wealth. Regardless of whether you prefer buying aggressive growth stocks or deep-discount value stocks, there's a path to grow your nest egg over time.
But among these countless strategies, buying dividend stocks and holding them over long periods is tough to beat.
According to a report issued in 2013 by J.P. Morgan Asset Management, the wealth management division of money-center bank JPMorgan Chase, companies that initiated and grew their payouts between 1972 and 2012 averaged an annualized return of 9.5% over four decades. That compared to a meager annualized return of 1.6% for publicly traded companies with no payout over the same 40-year timeline.
Source Fool.com
JPMorgan Chase & Co. Stock
With 34 Buy predictions and not a single Sell prediction JPMorgan Chase & Co. is an absolute favorite of our community.
As a result the target price of 202 € shows a slightly positive potential of 4.98% compared to the current price of 192.42 € for JPMorgan Chase & Co..
