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4 Stocks I’m Buying (August 2022)
A new month dawns.
August is, historically, one of the worst months of the year. Nonetheless, I’m investing my money into quality long-term assets.
Below are the four stocks I’m buying in August, 2022.
1. Broadridge Financial Solutions ($BR)
Broadridge Financial Solutions is a little-known but essential business. The company plays a key role in the financial industry, distributing shareholder materials and handling trade confirmations.
If you own a stock or index fund, there’s a good chance that you rely on Broadridge for your annual reports or investor presentations.
Because of its essential nature, Broadridge stock has compounded spectacularly. The company returned 819.00% over the past 10 years. And, they also grew their dividend from $0.06 per quarter to $0.64 — this works out to nearly 12% yield-on-cost from the annual dividends alone.
Broadridge is one of those rare businesses offering growth, dividends, and dividend growth. As such, I’m excited to buy shares.
