I’m assuming that nobody watching this video has been living under a rock, but just in case you have the markets have gotten off to a pretty terrible start this year. The NASDAQ just wrapped up its worst month in nearly 14 years having declined more than 14% in the month of April and It’s currently down over 22% for the year so far. The S&P 500 also declined more than 9% last month and so far it’s down over 13% for the year. Not to mention people keep bringing up the topic of a recession and whether or not we’re gonna experience one soon. So all in all the markets have been pretty volatile and things at this point look a little uneasy.
But as dividend and income investors we know that when markets as a whole go down this means there can be a lot of great opportunities for those of us looking for a good dividend or income stock. It’s especially good if you happen to have some money on the sidelines that you can invest so that you can purchase more shares of your favorite dividend stocks and thus receive a higher distribution amount. So while growth investors have been having a pretty horrific 2022 so far, we as dividend investors have been doing what we’ve always been doing: sitting back, relaxing, and still collecting our dividend distributions as scheduled.
In today’s video we’re gonna be taking a look at one company in particular that’s continued to perform exceptionally well, all the while offering a dividend yield of over 11% according to Yahoo Finance. Not only that but the company has been able to keep growing their annual dividend distribution amounts every year for more than 15 years and counting, even during both COVID and the financial crisis which is pretty rare. When compared to other high yielding dividend stocks there really aren’t too many I’ve come across that’ve been able to deliver such superior returns to shareholders.
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