These sleep well at night dividend stocks offer steadily rising income
Will the Federal Reserve let up on the rate hikes? Traders
are left wondering whether Jerome Powell will give them presents or a lump of
coal this holiday season. With inflation still running hot and interest rates
remaining uncertain, there are a lot of risk factors for investors to consider
heading into 2023. However, investing in certain dividend stocks can offer a
far lower-stress way of generating income and share price gains.
Now, the first question might be: How safe is a company’s
payout given the worsening economic outlook? However, all seven of the names
below are Dividend Aristocrats, meaning they have raised their payouts annually
for at least 25 consecutive years. That’s a period covering the dot-com bust
and the Great Recession. In other words, these companies have proven they can
prosper in difficult times and not just maintain, but increase their dividend.
So, there’s a good chance they can weather the current turmoil as well.
The names on today’s list of the best dividend stocks for
passive income all have a yield of at least 3%. This offers a strong starting
point in addition to any future dividend increases.
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