Three stocks to buy for consistent dividend growth

Professional investor Sam Morse, portfolio of the Fidelity European Trust, selects three attractively valued stocks that should provide dividend growth over the next few years.

Our investment philosophy is shaped by the belief that long-term returns will be driven by the fundamental business performance of the companies we own. We therefore aim to look beyond the economic and political noise and concentrate on the real-life fundamentals of the listed businesses we invest in. As a market, Europe is large, international and diverse, meaning it offers us plenty of opportunities.

Our focus is on finding companies we believe can grow their dividends consistently, irrespective of the prevailing economic conditions. History shows us that this characteristic is a marker of quality that can help to identify stocks likely to outperform the market, so most of our time is spent looking at individual businesses.

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Sam Morse

Sam Morse is a portfolio manager of Fidelity European Values.He joined Fidelity in 1990 as a research analyst and four years later he progressed as a portfolio manager in 1994, where he was responsible for running several retail UK equity funds and mandates. In 1997 Sam joined M&G as Head of UK Equities and one fund he ran in particular was the M&G UK Growth Fund. Sam then went back to Fidelity in 2004 as Head of the Institutional UK Equity Team, and his role consisted of developing UK equity solutions for institutional clients and managing UK equity portfolios. Since 2009 to present, Sam continues to manage the Fidelity European Fund and Fidelity European Trust PLC since 2011.