Want Rising Dividend Income? Buy Amgen Stock
The cost of living is getting more and more expensive. This is because inflation steadily diminishes the value of the U.S. dollar over time, and the purchasing power of said dollar as a result.
One common investing approach to combat this reality is dividend growth investing. The appeal of the strategy is that when it is done right, you filter out most of the lower-quality businesses. That is because only the best companies with growing sales and earnings can up their payouts to shareholders for years on end.
Pharmaceutical company (NASDAQ: AMGN) is a favorite among income investors. Here are four reasons that the stock could have a special place in a portfolio centered around dividend growth.
Source Fool.com
Amgen Inc. Stock
€369.95
-0.400%
The stock is one of the favorites of our community with 45 Buy predictions and 4 Sell predictions.
On the other hand, the target price of 346 € is below the current price of 369.95 € for Amgen Inc., so the potential is actually -6.47%.
