Fidelity Investments, an investment management company, recently released its “Fidelity Dividend Growth Fund” third quarter 2024 investor letter. A copy of the letter can be downloaded here. Fidelity Dividend Growth Fund is a diversified domestic equity strategy with a focus on large-cap core. The portfolio invests in large and mid-cap firms with potential for sustainable dividend growth. The fund’s Retail Class shares gained 4.42% in the third quarter, underperforming the 5.89% advance of the benchmark S&P 500 index. The Federal Reserve's long-awaited shift to lowering interest...
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