If you’ve been following this column, you’d know that I have a special fondness for safe, high-yield stocks. In other words, there could only be one reason why I’m talking about a stock that yields less than two percent: dividend growth. You see, a company might not be a high-yield stock right now, but if it can raise that payout at a decent pace, investors who purchase the stock today would be able to earn a much higher yield on cost in a few years’ time.
Today’s chart highlights one of my favorite dividend stocks in the entire stock market: Automatic Data Processing (NASDAQ:ADP). ADP is a human capital management company headquartered in Roseland, New Jersey. If you look up the company on Yahoo! Finance or MarketWatch, you’ll see that it is not exactly a high yielder. Trading at $168.34 per share at the time of this writing, ADP stock offers an annual yield of 1.9%.
Source: Income Investors
Related Articles:
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- Free Cash Flow Payout vs. Dividend Payout
- 5 Dividend Stocks For The Ultimate In Deferred Gratification
- The Most Important Thing To Consider When Selecting A Dividend Stock
- 5 Healthcare Stocks With Growing Dividends Yielding In Excess of 2%
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