2 Safe Dividend Stocks to Beat Inflation
Inflation is insidious, slowly eating away at the value of your money. Although the rate of Inflation is elevated today, bringing the issue to the fore, it is almost always working in the background.
Indeed, inflation is something you should be thinking about at all times when you invest. Which is why you might want to include dividend growth stocks like A. O. Smith (NYSE: AOS) and (NASDAQ: FAST) in your portfolio.
The historical growth rate of inflation is around 3.2% annually, so low that it can be hard to tell that anything is changing from year to year. Over the past 18 months or so, however, inflation kicked up dramatically for a time as companies try to pass on rising costs to end customers.
Source Fool.com
Fastenal Co. Stock
€60.91
-0.280%
Fastenal Co. is currently one of the favorites of our community with 6 Buy predictions and no Sell predictions.
As a result the target price of 65 € shows a slightly positive potential of 6.71% compared to the current price of 60.91 € for Fastenal Co..
