2023-07-31 09:53:00 ET
Identifying dividend growth stocks with high returns on invested capital (ROICs) can be a great way to look for investments as both criteria have proven to be market-beating propositions over time. Today, however, we will take this one step further, looking at four businesses with dividend yields above their five-year averages.
This extra step offers higher passive income prospects while potentially uncovering stocks trading at a discount. Fitting this screener nicely are Visa (NYSE: V) , Toro (NYSE: TTC) , MarketAxess (NASDAQ: MKTX) , and Tractor Supply (NASDAQ: TSCO) . Let's explore why all four are great candidates to double up on today.
For further details see:
4 Dividend Stocks to Double Up on Right Now