Wednesday, April 19, 2023

3 Dividend Stocks Sitting in the Sweet Spot

When it comes to dividend investing, it is important to know which stocks to buy and when. Few companies have proven that they can handle inflation well, and with a potential recession on the horizon, defensiveness is an important attribute to consider. Thus, it’s not all about the dividend yield – investors will need to take a more holistic view of their dividend stocks, to ensure a better understanding of their risk profile moving forward. With that said, here are three dividend stocks I think investors should focus on right now.

At the top of my list of dividend stocks to buy is Rio Tinto (NYSE:RIO). A well-known name among dividend-paying companies, RIO stock pays investors a current yield of more than 7%. One stock that can outperform all energy stocks is Chevron (NYSE:CVX). That’s partly due to the fact that Chevron recently increased its dividend by 6% following record earnings, now paying out $1.51 per share. If you are looking for a blue-chip, reliable dividend stock to invest in, Coca-Cola (NYSE:KO) is a good pick. The company provides investors with a dividend yield of over 3%. And, like other names on this list, Coca-Cola is also a dividend aristocrat.

Source: NASDAQ

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