I'm rounding out a big week of buying for the defensive value investing portfolio that I manage on behalf of the Fool, but not before I add one more name to the list. Today, I'll be scooping up shares of payroll processing powerhouse Paychex (NASDAQ: PAYX ) . Like many of the companies I hold in the portfolio, this is the kind of company that should thrive in all market environments. Most importantly, Paychex is the model of consistency, absolutely dominating its niche by providing a service that makes doing business easier for other companies. This is the kind of efficiency booster that helps keep its customers coming back year after year. It's also a dividend powerhouse to boot. In the video below, I break down my investment thesis in greater detail about why I want to own this company today.
Its dividend prowess is one of the most compelling reasons to own Paychex. Why? Because dividend stocks can make you rich. It's as simple as that. While they don't garner the notoriety of high-flying growth stocks, they're also less likely to crash and burn. And over the long term, the compounding effect of the quarterly payouts, as well as their growth, adds up faster than most investors imagine. With this in mind, our analysts sat down to identify the absolute best of the best when it comes to rock-solid dividend stocks, drawing up a list in this free report of the only nine that fit the bill. To discover the identities of these companies before the rest of the market catches on, you can download this valuable free report by simply clicking here now.