The Growth Potential of These 2 Dividend Stocks Is Totally Underrated
Bank of Nova Scotia (TSX:BNS) and another dividend growth stock worth looking at closely. Dividend growth investing may not be as exciting on the surface, especially compared to higher-yielding dividend stocks, momentum plays, or high-yield stocks with newfound momentum behind them.
Either way, I believe that those with long-term horizons should look to the market’s proven dividend growers as names to buy and hold through the ups and downs of markets. Indeed, we’re in the middle of a fierce bull market right now, and while there was a bit of volatility going into mid-October, the longer-term trajectory remains higher.
With the TSX Index slipping by just over 1% on Friday’s session, thanks in part to the drag of gold miners, which were overdue for a bit of a dip after an incredible year of gains on the back of soaring gold prices, I think there’s an opportunity for investors to do a bit of dip-buying.
Author summary: Invest in undervalued dividend stocks.
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