Want Growing Dividend Income? Buy This Future Dividend King.
With a global recession potentially around the corner, now is a wise time for investors to recession-proof their portfolios. This can best be done by purchasing companies with high-demand products and/or services that are provided at affordable price points.
The fast-food restaurant chain McDonald's (NYSE: MCD) is a safe pick for dividend growth investors. Let's take a look at the company's fundamentals to understand why it could soon become a Dividend King.
McDonald's is as recession-proof a business as is practically possible for the following two reasons: The company's brand recognition is incredibly high, and its dollar menu makes its products affordable no matter what is going on with the economy.
Source Fool.com
