Today, I am kicking off a new video series covering my top dividend growth investing stocks for 2022 and beyond. Specifically, I'll be covering what I call DGIF stocks.
DGIF is an acronym I created that stands for "dividend growth investing for FIRED." If you aren't already familiar, FIRED is an acronym for "financial independence retire early with dividends." I explain the five primary criteria for DGIF stocks in the video below.
After the brief description, I cover the first stock in the series, which is Tractor Supply Company (TSCO 0.27%). Here are a few reasons to like this stock as a long-term investment:
- 1,967 strategic locations in 49 states
- Growing online e-commerce presence
- Growth without dilution
- Pet care
- Increased buybacks and dividends
- $13.25 billion 2022 estimated sales
- Earnings before interest, taxes, depreciation, and amortization (EBITA) also expected to grow an estimated 10% in 2022
- 22 million loyalty members
Could TSCO be the next Costco (COST 1.54%)?
For more information and a breakdown of DGIF and TSCO, please watch the below video and don't forget to subscribe to the channel.
*Stock prices used in the below video were during the trading day of Dec. 28, 2021. The video was published on Dec. 28, 2021.
