My Favorite Dividend Stock Isn't Currently Paying a Dividend

Danny Vena, The Motley Fool
·2-min read

You might be surprised to learn that MercadoLibre (NASDAQ: MELI) -- one of the world's foremost e-commerce and digital payments platforms -- paid a dividend, but suspended the payout to focus on growth. In the Dividend Stock Hour that aired on Fool Live on Oct. 29, Fool.com contributor Danny Vena explains this counterintuitive concept. Danny Vena: I'm going to go with one here that may surprise people.