Maybe you checked out this article looking for a dividend stock that can perform well regardless of stock market conditions. Or perhaps macroeconomic conditions are your greater concern. Either way, you're in luck. I believe that Advance Auto Parts (NYSE: AAP) is a safe bet in both cases.
Picking this car-parts retailer as a safe dividend investment isn't without concerns -- there's a counterargument I plan to address. But here's why this company could merit a spot in your portfolio.
Advance has over 4,700 store locations, selling car parts and accessories primarily to do-it-yourself (DIY) customers. However, it also has nearly 2,000 additional locations under its Carquest, Worldpac, and Autopart International brands, all of which primarily serve professional installers.
For further details see:
This Dividend Stock Is a Safe Bet Regardless of Market Conditions