Beat the Dow Jones With This Unstoppable Dividend Stock
The Dow Jones Industrial Average is an index of 30 of the largest companies in the U.S. and it serves as a popular (if somewhat flawed) indicator of how the broader stock market is doing, and it has averaged an annual return of 8% since the 1980s. But what would it take to beat the index?
Pharmaceutical company Gilead Sciences (NASDAQ: GILD) is one possible answer. The stock's been unstoppable, up 21% since January despite the market's decline. The company pays a solid dividend and could have the growth prospects to deliver market-beating returns over the next several years. Here is what you need to know about this unstoppable dividend stock.
Look no further than the below chart for proof -- Gilead's stock has nearly quadrupled the performance of the Dow Jones Industrial Average in 2022. You can see that the stock created distance in recent months, and strong third-quarter earnings were the catalyst. Gilead's Q3 earnings included revenue and earnings per share (EPS) that came in higher than analyst expectations, plus the company raised its full-2022 revenue guidance by roughly $1 billion.
Source Fool.com
