Grow Your Wealth with a Dividend Stock

July was an exciting time for the stock market. Indexes ended in the green, suggesting that the worst of the bear market is behind us. If you're still cautious but want to see growth, you can look at dividends in the short term. Dividend stocks have a place in any portfolio. In today's market, they're particularly useful. Dividend stocks that have lost value this year are now paying higher yields. You can enjoy the higher returns on the dollar in the meantime. The trick is to find the right stocks where an upside is likely. JPMorgan Chase & Co. (NYSE: JPM) is one of the standout options. This stock is down -27.15% in the year to date. An upside is likely as this stock often reflects the wider performance of the market. When the bear market ends, it will return value. Analysts predict an average target of $137.58 on this stock over the next year. It trades at $115.10 today, so you'd be buying it at a discount. Most importantly, this stock can generate income for your portfolio in the meantime. It produces a dividend yield of 3.47% at today's price. That's well above the market average. For both income and the eventual upside, this is one of the best stocks available right now. Find growth and beat the market in today's conditions. These investment strategies will help you generate wealth. The information above is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. The opinions are our own and we have not been compensated in any way to review the symbols mentioned above.  sponsored ads below Hidden Gems of Crypto Weiss Ratings founder Martin Weiss names the hidden gems of a crypto sector that has grown 100-fold since 2020 and could grow another 400-fold in the months ahead. 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