The Awesome Dividend Stock You Haven't Considered
Many dividend investors probably haven't looked into Piper Jaffray (NYSE: PJC) as a dividend investment yet. If they have, chances are their interest in the stock began earlier this month, when the investment bank and asset management firm announced its first increase for its quarterly dividend, as well as shared plans for an aggressive annual special dividend policy.
After initiating its dividend in the beginning of 2017, Jaffray has quickly evolved into a compelling dividend investment. And management's recent decision to revise its dividend policy to one that caters to income investors more favorably solidifies its attractiveness as a dividend stock.
Here's a close look at Piper Jaffray's dividend, and why income investors should consider it -- despite its short dividend history and small dividend yield.
Source: Fool.com
