April 18, 2016
5 Best S&P 500 Dividend Stocks to Buy for April
After a tumultuous start to the year, the U.S. stock market finally turned green. It’s a striking revival for an index that had entered correction territory by mid February, with investors’ sentiments turning bearish.
Rise in oil prices from record lows and Fed Chair Janet Yellen’s dovish comments lifted the markets. However, the oil market is still fundamentally bleak as the massive supply glut continues to persist, which may eventually drag the markets down.
Since there is underlying weakness in the economy, it will be prudent to play safe by investing in dividend paying stocks. Moreover, the likelihood of rates not going up as fast as the markets once assumed has made dividend paying stocks more appealing.
Moreover, the world still has more oil supply than it needs, raising doubts as to how much oil prices will rise in the future. Given these uncertainties, it will be wise for investors to search for some stability in their portfolios. This calls for investing in dividend stocks.
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