After a strong first half, Wall Street lost its momentum as rate hike fears returned. Markets are speculating that the Fed will raise interest rates in its meeting later this month, making investors jittery. In such a scenario, dividend investing seems the best choice as it offers consistent and safe income.Though the strategy does not offer dramatic price appreciation, it is a major source of consistent income for investors in any market.
In particular, focusing on the growth level in this strategy leads to higher returns. Stocks with a strong history of year-over-year dividend growth form a healthy portfolio, with a greater scope of capital appreciation, as opposed to simple dividend-paying stocks or those with high yields. We have selected five dividend stocks — Toll Brothers (TOL), Darden Restaurants Inc. (DRI), Caterpillar Inc. (CAT), Microchip Technology Incorporated (MCHP) and HCA Healthcare Inc. (HCA) — that possess strong growth prospects.
Source: Zack's
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