While it is rare for a dividend-paying stock to double in a single year, it can happen. According to data from finviz.com, 53 dividend-paying stocks that had market caps over $300 million doubled in value during 2016. In the list are a handful of large-cap companies, including graphic card designer NVIDIA, pipeline operator ONEOK, and the mining giant Vale.
That naturally leads to the question: Which dividend stocks could go on to double in 2017? While there's no way to know for sure, the group of hardest-hit dividend-paying stocks of 2016 is a fine place to hunt for ideas. Knowing that, here's why Abercrombie & Fitch (NYSE:ANF), Seaspan (NYSE:SSW), and GNC Holdings (NYSE:GNC) could go on to double in 2017.
Source: Motley Fool
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- 5 Tech Stocks With A History of Growing Their Dividends
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- The Most Important Thing To Consider When Selecting A Dividend Stock
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A couple doubling profits in your portfolio could be the boost you need in 2017. Now that would be a fantastic start to the year.