Get reliable passive income during these uncertain times
Although the idea of acquiring the highest-yielding enterprises seems lucrative, investors right now should arguably focus on safe dividend stocks to buy. These securities often undergird consistently profitable companies that enjoy revenue predictability. Right now, predictability is more important ahead of an uncertain market environment.
To be sure, the above warning doesn’t necessarily mean you’re stuck with sub-1% yielding entities. Far from it, on a relative scale, you can find high-yielding safe stocks. It’s just that when it comes to dividend investing, the idea is to play the long game. Therefore, you don’t want to just pocket some income one quarter and then watch your investment crash and burn the next.
In fairness, with the benchmark equities index up double-digit percentages for the year, a conservative approach might not seem appropriate. Nevertheless, small fissures – such as rising unemployment – indicate that market participants should seek safety first. On that note, below are June 2023 dividend stocks to buy.
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