While looking for a bargain dividend stock, many investors simply screen for those with the highest yield or the one that's fallen the most in the past month. But I take a different approach: How much of a yield will I likely be getting for my purchase 10 years from now? That type of thinking has led to a couple of outstanding picks over the years. For instance, I bought shares of Aflac in Feb. 2009 for $17.50. Seven years later, I now get $1.64 in dividends for every share I own. In other words, I now have a 9.4% yield. And it goes up every quarter.
Viewed through this lens, these are three dividend stocks that I think are bargains right now -- based on what they'll likely be paying 10 years from now. Here's a little-known fact for you: Harley-Davidson (NYSE:HOG) has one of -- if not "the" -- most tattooed company logo in the United States. It also happens to have a dividend that could offer a huge payoff for long-term investors. ManPower Group (NYSE:MAN) is an international staffing and consulting firm that's been in business since the 1950s. However, it wasn't until 1994 that the company began offering a dividend payout. Finally, we have what I consider to be one of the most promising dividend growth stocks available: Home Depot (NYSE:HD). Though it only offers a 2.2% yield today, I think there are many reasons to believe that long-term shareholders will be reaping the rewards for years to come.
Source: Motley Fool
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Posted by D4L | Friday, November 11, 2016 | ArticleLinks | 0 comments »________________________________________________________________
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