4 Safe Dividend Stocks to Buy Now, Even as the Market Gets Extended
The way 2016 started off, it looked like we were in for a very dreary year. By mid-February the market had dropped a stunning 11.4% in six short weeks. The second market correction in six months and the kind of market volatility and action that brings all the perma-bearish commentators like David Tice out for a while. The question is whether it is time to follow tradition and “sell in May and go away”?
The answer to that question is probably no. With yields still at historic lows, and looking to stay that way, and dollar strength waning, it’s probably time to rotate into stocks that pay a solid dividend, have a global footprint and reported solid first-quarter numbers. We screened the Merrill Lynch research universe database for stocks that have those traits and found four stellar ideas. All are rated Buy.