This Dow Jones Stock Is a No-Brainer for Dividend Growth
The Dow Jones Industrial Average dipped into bear territory this week, which means a few things for investors. The weak market can hurt shareholders who are relying on these investments for income in the near future. It also provides opportunities for investors who don't need funds in the near term and can find great deals in the market.
The Dow in particular offers an array of top companies that are leaders in their industries and are likely to continue leading. Since Dow stocks tend to be well established and cash rich, they're also likely to pay dividends. American Express (NYSE: AXP) is one such Dow stock that should keep boosting its dividend for years to come.
The uncertain economy has eroded investor confidence, weighing down the markets. Even companies that are growing under these pressured conditions, which if anything is a reason to be even more confident in them, have been experiencing stock price declines.
Source Fool.com
