Best Railroad Stocks
The post Best Railroad Stocks by Chris Davis appeared first on Benzinga . Visit Benzinga to get more great content like this. Railroad stocks are some of the most established securities in our investment market. Railroads were the major form of commercial transport during the Industrial Revolution and they remain essential to the world’s consumer economy today even in a world of drone delivery…
Railroad stocks have a rich history dating back to the 1800s, when the Mohawk & Hudson became the first railroad stock traded on the NYS&EB, a predecessor to the New York Stock Exchange (NYSE). The NYSE briefly shut down for 10 days following speculation-induced failures in 1873. Over the following decades, railroad stocks funded railroads and helped create the fortunes of notable families like the Vanderbilts, Goulds, and Huntingtons.
Even today, railroad stocks remain a reliable source of dividends and steady cash flow, making them attractive to investors.
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