This Dow Jones Stock Is a No-Brainer for Dividend Growth
Earlier this month, the Dow Jones Industrial Average temporarily slipped back into bear market territory. It was down as much as 22% at one point, but has recovered somewhat and is currently down around 15.4% as we move into the fourth quarter.
But just because it has recovered a bit from the worst of the lows in 2022 doesn't mean this index of 30 blue-chip businesses no longer has buying opportunities for dividend growth investors. The payments processing company Visa (NYSE: V) appears to be one Dow Jones stock that balances a potential for high dividend growth with a reasonable valuation.
Share prices of Visa have fallen 13% year to date. While this is a bit better than the Dow Jones Industrial Average itself, it's still arguably an excessive decline for the payments processor given its financial performance this year.
Source Fool.com
