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Most stocks started the new year with a bit of a hangover after an intoxicating ascent over the past nine weeks. Technology (-4.3%) fared the worst among the sectors, which were led by defensive groups like health care (2.0%) and utilities (+1.9%). Small caps suffered.
With a dividend yield just above 5%, and a conservatively-financed growing business, Marine Products embodies exactly what we seek in a dividend stock for long term wealth accumulation.
Betterware de Mexico (BWMX) is riding the wave of robust consumer demand in Mexico. Revenue this year is expected to grow 25% to $782.4 million, with earnings up 35%. The stock yields 4.6%.