This High-Yield Dividend Stock Has Been Rising as the Nasdaq Fell Into Correction Territory

Famed investor Warren Buffett has a shockingly simple goal. Buy good companies at reasonable prices and hold them so he, and the shareholders of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), can benefit from their long-term growth. It doesn't matter if the market, say the Nasdaq Composite (NASDAQINDEX: ^IXIC), has fallen into a correction or even a bear market. But holding through volatile markets takes discipline. This consumer staples giant, and Dividend King, can help you do just that.A company earns the label of Dividend King by increasing its dividend for at least 50 consecutive years. The last five decades have included the dot.com bubble, the Great Recession, and a global pandemic. And those are just since the turn of the century. A good business plan executed well in both good markets and bad is a necessity if a company wants to achieve Dividend King status.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool