The safest dividend is usually the one that was just raised. Recession or no landing, bull or bear, these payers don’t care.
And neither should their shareholders because these stocks are growing their payouts between 33% and 100% per year. Per year!
Here’s why we have safety in growth. Let’s consider Old Dominion Freight Line (ODFL), a less-than-truckload (LTL) freight shipping specialist with trucks crawling America’s interstates.
While transportation is a cyclical business, ODFL is a pinnacle of stability, delivering 30% annual profit growth on average over the past seven years. And while the stock hasn’t gone up in a straight line, it has crushed the broader market in that time.… Read more