Is Nvidia a Sleeper Dividend Giant?
Nvidia's growing dividend is just one reason to buy the stock.
Overview
Nvidia (NASDAQ: NVDA) and the words "dividend stock" aren't normally mentioned in the same sentence, but maybe they should be. While Nvidia is normally tagged as a high-growth, artificial intelligence stock, which it is, it's also a growing dividend payer. While the dividend payout isn't as high as some others, it could rapidly expand over the next few years as Nvidia's cash flows multiply.
Buying Nvidia stock today could mean it becomes one of the bigger dividend payers in your portfolio in the future, and that's just one of a growing list of reasons to buy it.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.