Here's a Dividend King to Buy and Hold Forever
During a market downturn like the one we've been in throughout most of this year, it can be difficult for investors to keep their composure. With the S&P 500 index down 19% so far in 2022, what can an investor do to remain calm amid market turmoil?
I can't speak for others, but I have found reassurance during this market downturn by turning to the consistency of high-quality dividend growth stocks. One of these stocks, Genuine Parts (NYSE: GPC), has managed to operate consistently enough to boost its annual dividend for 66 consecutive years. This comfortably meets the requirement (along with being an S&P 500 stock) to carry the title of Dividend King. As investors flock to stocks that are viewed as safe picks, Genuine Parts benefits even more (the stock price is up 28% year to date).
Even with this impressive outperformance, the stock still appears to be a buy for dividend growth investors. Let's take a peek under Genuine Parts' hood to find out why.
Source Fool.com
