A High-Dividend Stock Rewarding Shareholders with a 5.33% Yield

For income investors, the rarest combination to find is a high-dividend stock that is growing its dividend over time. The reason why this is difficult is that high-dividend stocks typically have no growth, so the earnings are simply paid out and that’s it. There is nothing wrong with receiving a high-dividend stock from a company with no dividend growth. However, there is the issue of the hidden cost of inflation.

When conducting my research to find a company with this rare combination, I discovered Cedar Fair, L.P. (NYSE:FUN). A company that operates amusement parks, outdoor and indoor water parks, and hotels across the U.S. and Canada, Cedar Fair’s market cap is just north of $3.5 billion. FUN stock is also part of a unique asset class to invest into because there are not a lot of opportunities available on the public markets.

Source: Income Investor

Related Articles:
- 5 Dividend Stocks Beating the S&P With Positive Returns In Excess of 50% YTD
- Income Annuities vs. Dividend Stocks
- 8 Select High-Yield S&P 500 Dividend Stocks
- Your Greatest Wealth Building Asset
- Where To Find Great Dividend Stocks