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Meet the Virtually Unknown 11%-Yielding Dividend Stock I Want to Triple My Stake in if the Stock Market Crashes


Between the start of 2023 and the midpoint of 2024, the bulls were firmly in control on Wall Street. The rise of artificial intelligence (AI), the return of stock-split euphoria, and better-than-expected corporate earnings/economic data helped propel all three major stock indexes to multiple record-closing highs.

But as history has repeatedly shown, the stock market doesn't move up in a straight line. Recently, the growth-focused Nasdaq Composite entered correction territory, with the index shedding nearly 1,400 points, or roughly 8% of its value, during the first three trading days of August.

Image source: Getty Images.

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Source Fool.com

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