Getting a Tax Refund? 3 Exciting Stocks to Buy With Your Refund Check.
The Internal Revenue Service (IRS) has already processed more than 29.6 million tax refunds this year, up 2.3% from last year. The average taxpayer is getting $3,453 apiece, a 7.5% increase from last year. If you're one of those getting a refund this year, you might be wondering what to do with your windfall.Investing it is a great option. Black Hills (NYSE: BKH), Targa Resources (NYSE: TRGP), and Enterprise Products Partners (NYSE: EPD) stand out to a few Fool.com contributors as exciting stocks to consider buying with your tax refund. Here's what makes them such thrilling investments.Reuben Gregg Brewer (Black Hills): It would be understandable for investors to question if there was anything exciting about a regulated utility like Black Hills. There is. First is the dividend, which at 4.4% is well above the 1.2% yield from the broader market, greater than the 2.9% yield of the average utility, and historically high for Black Hills. Black Hills also happens to be one of the few utilities to achieve Dividend King status, with 55 annual dividend increases backing its lofty yield.Continue reading
The Internal Revenue Service (IRS) has already processed more than 29.6 million tax refunds this year, up 2.3% from last year. The average taxpayer is getting $3,453 apiece, a 7.5% increase from last year. If you're one of those getting a refund this year, you might be wondering what to do with your windfall.
Investing it is a great option. Black Hills (NYSE: BKH), Targa Resources (NYSE: TRGP), and Enterprise Products Partners (NYSE: EPD) stand out to a few Fool.com contributors as exciting stocks to consider buying with your tax refund. Here's what makes them such thrilling investments.
Reuben Gregg Brewer (Black Hills): It would be understandable for investors to question if there was anything exciting about a regulated utility like Black Hills. There is. First is the dividend, which at 4.4% is well above the 1.2% yield from the broader market, greater than the 2.9% yield of the average utility, and historically high for Black Hills. Black Hills also happens to be one of the few utilities to achieve Dividend King status, with 55 annual dividend increases backing its lofty yield.
