My Favorite Dividend Stock Isn't Currently Paying a Dividend

When you think of high-growth tech stocks, you don't necessarily think dividend. You might be surprised to learn that MercadoLibre (NASDAQ: MELI) -- one of the world's foremost e-commerce and digital payments platforms -- paid a dividend, but suspended the payout to focus on growth. History shows that was a great decision.

In the Dividend Stock Hour that aired on Fool Live on Oct. 29, Fool.com contributor Danny Vena explains this counterintuitive concept.

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Source Fool.com