The great thing about dividend stocks is their payouts help to hedge against this inevitable short-term downside in equities. And, as noted, these are usually time-tested businesses that aren't going to be disrupted by economic hiccups. Stock market crashes and corrections are inevitable. When the next crash does occur, consider buying the following three dividend stocks to ride out the storm.
Buying "boring" stocks isn't a bad thing. On Wall Street, boring is synonymous with businesses that are predictable and highly profitable. That's why healthcare conglomerate Johnson & Johnson (NYSE:JNJ) is such a smart dividend stock to buy during a market downturn. I beat the drum on ultra-high-yield dividend stock Annaly Capital Management (NYSE:NLY) a lot. That's because its track record shows it can generate a boatload of income for investors, as well as hedge against the inevitable downside that occurs in the market when investing for the long term. Yet another "boring" stock that would be perfect to buy if the stock market crashes is electric utility Duke Energy (NYSE:DUK).
Source: Motley Fool
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Posted by D4L | Wednesday, July 07, 2021 | ArticleLinks | 0 comments »________________________________________________________________
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