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, contributor Danny Vena explains this counterintuitive concept. Danny Vena: I'm going to go with one here that may surprise people.