This Safe Stock Has Raised Its Dividend for 13 Years. Will It Continue in 2023?
The stock market has been unpredictable in 2022, and it doesn't look like 2023 will be any better. Investors are still worried about how prevalent inflation will be in the new year. That's not to mention the fears about a recession impacting the U.S. economy.
This unpredictability often translates into stock price declines, and 2022 has made that clear: The Nasdaq Composite index has fallen 32% this year. With so much uncertainty, investors might crave some stability and consistency. Visa (NYSE: V) has a track record of offering this, with a 13-year history of providing and raising a dividend.
This consistency might be part of the reason why shares of Visa have only slumped 5% year to date. The question is, however, will it continue? Let's find out.
Source Fool.com
