Heightened volatility and uncertainty in the stock market triggered by decades-high inflation, the Russia-Ukraine conflict and Fed's aggressive tightening policy have compelled investors to search for consistent income. In this regard, nothing is better than dividend investing. Although the strategy doesn't offer dramatic price appreciation, it is a major source of consistent income for investors in any type of market.
While there are several dividend stocks, honing in on those with a history of dividend growth leads to a healthy portfolio, with greater scope of capital appreciation as opposed to simple dividend-paying stocks or those with high yields. We have selected five dividend growth stocks — Group 1 Automotive GPI, Westlake Chemical Corporation WLK, Everest Re Group Ltd RE, ArcBest Corporation ARCB and Campbell Soup Company CPB — that could be compelling picks for the second half.
