Why This Dividend Stock Could Be a Gold Mine for Income Investors
There are an estimated 80 million Amazon Prime members in the United States. I'm one. Chances are you or someone in your household are part of the tribe as well. And if you're anything like me, then you've probably increased the number of orders placed on Amazon with each passing year.
In 2009, I placed a paltry 18 orders. That increased to 35 in 2012, then to an impressive 136 last year. This is evidenced by a never-ending pile of cardboard boxes in my apartment. Heck, sometimes I think I'm single-handedly powering the industry's growth. You may laugh (or think my jokes are lame), but that's actually not far from the truth.
The growth in online shopping, no doubt aided by a swelling rank of Amazon Prime members, has led to significant opportunities for companies such as International Paper (NYSE: IP). You may have never heard of the company, but it happens to be a formidable dividend stock -- and one that could be a gold mine for income investors given current growth and pricing trends for something we usually take for granted: cardboard.
Source: Fool.com
Amazon.com Inc. Stock
With 144 Buy predictions and not a single Sell prediction Amazon.com Inc. is an absolute favorite of our community.
With a target price of 189 € there is a slightly positive potential of 8.31% for Amazon.com Inc. compared to the current price of 174.5 €.
