These could be the best dividend stocks to buy, for those betting on incoming turmoil
The stock market has been on a steady path to recovery since last summer’s downturn, but investors still have some lingering concerns that more economic turmoil could be on the horizon. There’s good reason for caution. The yield curve has steepened considerably, which has historically been one of the most reliable indicators of an impending recession. And with interest rates slated to remain high for the foreseeable future, we may not be out of the woods yet regarding economic instability.
At the same time, some economic figures continue to impress, with unemployment still below 4% and GDP growth coming in at a robust 4.9%. These numbers don’t usually signal that a recession is knocking at the door. So, while we may not know precisely what the future holds, adding some secure long-term dividend stocks to your portfolio seems like a smart hedge against potential volatility.
So, if you find yourself also straddling optimism and skepticism about markets right now, you’ll want stocks that deliver steady payouts with upside earnings potential, cushioning your portfolio whether or not a downturn hits. Here are seven to look into.
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