The Smartest Dividend Growth Stock to Buy With $200 Right Now
This dividend growth stock is hiding in plain sight and has plenty of room to grow its dividend per share over the long run.
Investors typically don't think of internet stocks as dividend payers. That is typically reserved for slower-growth industries such as consumer staples or utilities. Now may be the time to switch up this mindset as more and more technology companies start returning capital to shareholders in the form of dividends, including Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL).
The owner of Google Search and other internet properties has started to pay a small dividend to shareholders, which currently yields 0.47%. While small, the cash generating machine has a ton of room to grow its dividend per share in the years to come as it takes advantage of the age of artificial intelligence (AI).
At a stock price of around $170, Alphabet is the best dividend growth stock you can buy for your portfolio right now. Here's why.
