Is This Dividend Growth Stock a Buy?
The U.S. inflation rate reached a 40-year high of 7.5% in January, which was due to a variety of factors. This, unfortunately, makes the present a difficult environment for retirees to preserve their purchasing power.
The good news is that top-notch dividend stocks often grow their payouts to shareholders in excess of inflation. One such stock that has a reputation of doing this is Hershey (NYSE: HSY), which has raised its dividend for 12 years straight.
But can Hershey's healthy dividend growth continue going forward? And is the stock a buy for income investors? Let's take a look at Hershey's fundamentals and valuation to address these questions.
Source Fool.com
