UP 27% THIS YEAR! This Stock is ON FIRE 🔥 Dividend Growth OVER 15% | Passive Income Building Machine

Today is all about dividend growth. This stock to buy right now possibly puts the dividend growth in dividend growth stock!

Why do dividends matter? Dividends are one of the best passive income sources. Dividend investing increases your passive income, as you reach financial freedom!

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On today’s video, we cover a beast of a dividend growth stock. The last dividend increase was 16.67% and the stock is now up 27%, after CRUSHING first quarter earnings.

The stock evaluated is in the card payment space – holding loans on their books and earning interchange revenue at each card swipe.

The consumer cannot stop spending money and the first quarter earnings release from this powerhouse dividend growth stock proves up. Revenue was up over 11%, earnings was higher by over 35% and they are proving how resilient the consumer is right now, with non-stop spending.

This stock has the following metrics:
– P/E Ratio at 19x earnings
– Dividend Payout Ratio that is less than 30%
– Dividend Growth history for a few years now, there was a pause during COVID, but is still over double digit and the last increase was 16.7%!

The dividend yield, which is how much passive income you can expect to receive, is just over 1%, but the dividend growth more than makes up for it.

Definitely watch this video, as we are curious if you own this stock in your stock portfolio. We are curious if you think this is a dividend growth stock to buy right now in today’s market.

In addition to that, what other stocks are you buying right now? How are you building wealth? Are you on the journey to financial freedom? Do you enjoy building passive income?

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