What does blue chip stock actually mean and why is Mtn and Zenith Bank such a strong example?
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What does blue chip stock actually mean and why is Mtn and Zenith Bank such a strong example?
I don’t know what a blue chip stock is but from my ongoing explanation, we can arrive at a logical conclusion of what it is. MTN is arguably the most profitable, strongest and used network in Nigeria. They have the largest number of subscribers. And Zenith bank is a strong commercial bank with lotsRead more
I don’t know what a blue chip stock is but from my ongoing explanation, we can arrive at a logical conclusion of what it is.
MTN is arguably the most profitable, strongest and used network in Nigeria. They have the largest number of subscribers. And Zenith bank is a strong commercial bank with lots of existing and growing customers. Both of them have the numbers and great cash flow.
If MTN and Zenith bank are strong examples of offering blue chip stock, that literally means they have the capacity to pay out dividends to their shareholders without much risk. They have a good track record of paying out dividends and many people would naturally want to key into that.
See lessThese are my 2 scents.