UPS - These Dividend Stocks Can Double Your Money in Under 5 Years
2023-12-16 09:18:00 ET
While looking for a stock that could double within five years may sound like a lofty aspiration, it may be more within reach than most people realize. Requiring a 15% annualized return for five years, an investment needs to slightly outperform the market's historical annualized total return of roughly 11% to 12% to accomplish this feat.
Additionally, by focusing on dividend growth stocks with well-funded dividends and a history of solid returns on invested capital, investors can further stack the odds of meeting this 15% threshold in their favor. United Parcel Service (NYSE: UPS) and Murphy USA (NYSE: MUSA) are two companies that fit this simple billing.
Trading at a discount to the S&P 500 's valuations, here's why these two businesses look primed to outperform over the next five years and beyond.
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These Dividend Stocks Can Double Your Money in Under 5 Years