3 Dividend Stocks Billionaire Ken Fisher Loves

When it comes to dividend investing, bigger yields aren't always better. Instead of zeroing in solely on yield, savvy investors like billionaire Ken Fisher are on the hunt for companies that back and boost their dividends. Here are three of Fisher's favorite dividend stocks that do just that: Home Depot's (NYSE: HD) reliance on the housing industry hurt it substantially during the Great Recession. From early 2007 through the end of 2008, Home Depot's stock was down nearly 44%. But the retailer benefited tremendously from the long-anticipated upswing in the housing market.

San Francisco-based Wells Fargo (NYSE: WFC) is one of the nation's biggest banks and its largest home lender. While the low interest rate environment is challenging for banks, Wells Fargo will likely look to navigate the tough revenue environment through slow but steady loan growth. Even though Apple (NASDAQ: AAPL) remains a leading innovator and maintains an impressive position in growing categories such as smartphones and tablets, its market share declined last year. It also faces increasing competition from Samsung and Asian vendors.

Source: Motley Fool

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