For Immediate Release
Chicago, IL – September 24, 2021 – Stocks in this week’s article are Lithia Motors, Inc. LAD, Jones Lang LaSalle Incorporated JLL, Deere & Company DE, Watts Water Technologies, Inc. WTS and Microchip Technology Incorporated MCHP.
5 Stocks that Promise Solid Dividend Growth
Volatility and uncertainty in the stock market have rekindled investors' love for products that provide stability and safety in a rocky market. Nothing seems a better strategy than picking dividend-focused growth stocks in this kind of an environment. A history of dividend growth year over year leads to a healthy portfolio with a greater scope of capital appreciation as opposed to simple dividend-paying stocks or those with high yields.
Why Dividend Growth?
Stocks that have a strong history of dividend growth belong to mature companies, which are less susceptible to large swings in the market, and thus act as a hedge against economic or political uncertainty as well as stock market volatility. At the same time, these offer downside protection with their consistent increase in payouts.
Additionally, these stocks have superior fundamentals that make dividend growth a quality and promising investment for the long term. These include a sustainable business model, a long track of profitability, rising cash flows, good liquidity, a strong balance sheet and some value characteristics. Further, a history of strong dividend growth indicates that a dividend hike is likely in the future.
Although these stocks do not necessarily have the highest yields, they have outperformed for a longer period than the broader stock market or any other dividend-paying stock.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1800015/5-stocks-that-promise-solid-dividend-growth
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Deere & Company (DE) : Free Stock Analysis Report
Jones Lang LaSalle Incorporated (JLL) : Free Stock Analysis Report
Microchip Technology Incorporated (MCHP) : Free Stock Analysis Report
Lithia Motors, Inc. (LAD) : Free Stock Analysis Report
Watts Water Technologies, Inc. (WTS) : Free Stock Analysis Report
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