Should You Buy This Fast-Growing Dividend Stock?
One of the prevailing phrases in the investing community is: "Past performance is no guarantee of future results." There certainly are few guarantees in life. However, investing in top-notch dividend growth stocks with proven business models is the closest thing to a guarantee of building generational wealth.
The health insurer UnitedHealth Group (NYSE: UNH) is a prime example of this. A mere $10,000 investment in the stock 10 years ago would now be worth over $117,000 with dividends reinvested, which is a blistering 28% annual total return rate. But can this dividend growth stock keep making shareholders richer over time, and should you buy it? Let's dig deeper into UnitedHealth Group's fundamentals and valuation to address these questions.
The largest health insurer in the world recently released its financial results for the second quarter ended June 30. And it certainly didn't disappoint, beating the average analyst predictions for both revenue and non-GAAP (adjusted) diluted earnings per share (EPS) during the quarter.
Source Fool.com
