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The biggest advantage of owning a dividend stock is that it produces income even if the share price is stagnant.
But when a major catalyst kicks in and sends the share price skyward, that’s even better.
That’s the case with our pick today, which had been struggling to gain momentum after its sales figures started to fall in 2013.
Then its share price plunged after the CEO announced a new strategy that involved $7 billion worth of investments to transform the company.
Now the investors who abandoned ship are starting to look short-sighted, as the company’s latest earnings reports show the strategy is paying off.
In fact, in one key segment, the company has put up 25% annual growth for five straight years now.
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With the new strategy just starting to take effect, there’s plenty more growth on the way.
But now that the market is clueing in, there’s not much time left to grab this dividend stock while it’s still a bargain…