Want Growing Passive Income? Buy a Slice of This Monster Stock
It's been a tough environment for all kinds of stocks -- from tech to fast food. Consider that the S&P 500 index has plunged 22% in 2022, while shares of Domino's Pizza (NYSE: DPZ) have lost even more -- down 42%. In the mindset of a trader, this is a disaster and a reason to head for the exits of the pizza franchise.
Yet, if you view the sell-off through a dividend growth and value lens, you can see this as a buying opportunity rather than one for panicking. Let's take a look at Domino's fundamentals, dividend growth potential, and valuation.
Since opening its first store in 1960 in Ypsilanti, Michigan, Domino's has transformed into the most dominant pizza chain in the world. Each day, the company now serves more than 1 million customers in over 90 countries across the globe. If you're considering buying shares of the company, it's important to understand the secret sauce behind its success.
Source Fool.com
